The art market - like most major business sectors in the 21st century - operates in a global environment and is complex, dynamic and often seemingly irrational. This course will give students a foundation for understanding the history, structure and various segments of today’s ever-evolving international art market. Students will gain insight into the current state of both the primary and secondary markets while learning about the major players and how they interact, including auction houses, galleries, museums, dealers, art advisors and curators. Additional topics include an introduction to the latest analytical tools and methodologies for sector analysis, as well as exposure to newer, emerging markets and innovations driven by technology that are contributing to a realignment of the playing field.
By the end of this course students will…
- Be familiar with the various interdependent actors and institutions that comprise the international art market.
- Gain insight into how this market is evolving and its future outlook.
- Have learned about the Asian and Middle Eastern Art Markets.