With the globalization of the art market as manifested in the proliferation of exhibitions, art fairs, and auctions, there have never been more ways in which to acquire art and build a collection. However, with these myriad opportunities comes the challenge of operating in an increasingly complex environment where critical and commercial assessments are not always in sync, and price and value do not always mean the same thing. This course will introduce the key components and considerations associated with building a collection in today’s art world. Participants will study the theoretical foundations of the primary and secondary market which will then be mapped against the contemporary landscape as it exists today. Through site visits and guest speakers, students will have the opportunity to gain the perspective of seasoned collectors as well as experts in the field from galleries, auction houses, and other platforms.
By the end of this course students will…
- Understand the various exchange points within the art market and how prices are established within each.
- Grasp distinctions between the primary, secondary and contemporary markets.
- Be able to determine the practices and concerns associated with sound collection building and management.