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Sotheby’s Institute of Art in collaboration with Korea Arts Management Services has developed a bespoke executive education program for arts professionals in Korea.

This executive program will provide premier access to the latest developments in art appraisal, art valuation, art forensics, and art insurance, focusing on trends in new media and online art technology. The program will be taught by our esteemed faculty of scholars, art market professionals, and industry leaders, who bring years of experience and expertise to the subject. Held over two four-day weekends, these intensive courses will provide Korean cultural professionals, business leaders, and art market practitioners unique, specialized knowledge about today’s global art market.

We are delighted to host the inaugural collaboration of Sotheby’s Institute of Art and KAMS this August in Seoul. This program will be led by Professor Ann-Marie Richard, an authority and leading expert on art valuation and Director of the Fine and Decorative Art and Design MA program at Sotheby’s Institute of Art-New York. She was formerly Executive Vice President at Gurr-Johns, and a published author. She has also been commissioned to write the definitive book on art valuation.

Along with Professor Richard, industry experts from art authentication company Art Analysis & Research, a preeminent online art technology company Artsy, and the world’s largest publicly-traded property and casualty insurance company Chubb, will also serve as faculty members to share insights of the various applications of valuation in practice. This combination of expertise and thought leadership will guide participants as they expand and deepen their understanding of valuation principles, and develop creative and unique approaches to complex issues in valuation.

The goal of this program is to familiarize participants with the complicated facets of the art market, which is intrinsically tied to the pillars of valuation and authenticity. The format of the program will include: lectures followed by in-depth discussion, a trial valuation, a hands-on objects session, and in-class writing exercises. Participants will practice valuation with works from various media and genres, including conceptual art, new media art, and art from emerging artists. The program will also address issues in authentication and provenance research. At the conclusion of this program, participants will be conversant in the applications of a value system widely applicable to works of art and the markets within which those works circulate.

On Saturday, August 24, a roundtable discussion held at Ewha University entitled “Recent/Emerging Challenges in the Valuation of Contemporary Art,” will serve as a culmination of the program. A range of local and international experts including academics, art lawyers, private collectors, museum professionals and conservationists will gather to discuss the future of collecting, and pertinent challenges that arise in the valuation of contemporary art. Students and current art professionals are welcomed to join this conversation, which will be open to the public.

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