Art Business / Edition 1

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By the time you read this book, the art world may have witnessed the sale of its first $500 million painting. Whilst for some people money is anathema to art this is clearly a wealthy international industry,
and a market with its own conventions and pressures.

Drawing on the vast experience of Sotheby’s Institute of Art, The Art Business exposes the realities of the commercial trade in fine art and antiques. Attention is devoted to the role of auction houses, commercial galleries and art museums as key institutions, with the text divided into four thematic sections covering:

  • technical and structural elements of the art market
  • cultural policy and management in art business
  • regulatory legal and ethical issues in the art world
  • the views, through interviews, of leading art market experts.

This book provides a thorough examination of contemporary issues in the art business, and the mechanisms and influences which underpin its evolution. It is essential reading for students of art history or international business, or anyone with an interest in pursuing a career in this area.

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Product Details

  • ISBN-13: 9780415391580
  • Publisher: Taylor & Francis
  • Publication date: 8/5/2008
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 246
  • Sales rank: 1,422,507
  • Product dimensions: 6.10 (w) x 9.20 (h) x 0.60 (d)

Meet the Author

Iain Robertson is deputy academic director and head of art business studies at Sotheby's Institute of Art. He is an Asia correspondent for the international edition of The Art Newspaper, advisor to the Asia Art Archive, Hong Kong and honorary director of education of MOMA Beijing. His book, Understanding International Art Markets and Management, was published by Routledge in 2005.

Derrick Chong is a senior lecturer in management at Royal Holloway, University of London. He is also consultant lecturer in art business at Sotheby’s Institute of Art in London and Singapore, and a Fellow of the Royal Society of the Arts (FRSA). He wrote Arts Management, also published by Routledge, in 2002.

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Table of Contents

1 Introduction to studies in art business Iain Robertson Robertson, Iain Derrick Chong Chong, Derrick 1

Pt. I Technical and structural elements of the art market 27

2 Price before value Iain Robertson Robertson, Iain 29

3 Selling used cars, carpets, and art: aesthetic and financial value in contemporary art Anthony Downey Downey, Anthony 55

4 Investing in art: art as an asset class Jeremy Eckstein Eckstein, Jeremy 69

5 'Chindia' as art market opportunity Iain Robertson Robertson, Iain Victoria L. Tseng Tseng, Victoria L. Sonal Singh Singh, Sonal 82

Pt. II Cultural policy and management in art business 97

6 Private patrons in the development of a dynamic contemporary art market: does France need more private patrons? Catherine Morel Morel, Catherine 99

7 Marketing in art business: exchange relationships by commercial galleries and public art museums Derrick Chong Chong, Derrick 115

Pt. III Regulatory, legal, and ethical issues in the art world 139

8 Authorship and authentication Henry Lydiate Lydiate, Henry 141

9 Celebrating the artist's resale right Joanna Cave Cave, Joanna 154

10 Ethics and the art market David Bellingham Bellingham, David 176

11 Art and crime Clarissa McNair McNair, Clarissa Charles Hill Hill, Charles 197

Pt. IV Voices from the field 211

12 Voices from the field Rory Blain Blain, Rory Robin Duthy Duthy, Robin Philip Hoffman Hoffman, Philip Alexander Hope Hope, Alexander Peter Osborne Osborne, Peter Tim Schofield Schofield, Tim Colin Sheaf Sheaf, Colin Simon Staples Staples, Simon Pierre Valentin Valentin, Pierre 213

Index 229

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  • Posted August 5, 2014

    great read

    great read

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