We will meet artists, gallerists, art fair operators, collectors, auction houses and entrepreneurs. Each week, we will look at the financial and economic issues, challenges and opportunities that these different stakeholders face on a daily basis.
Meet the people involved in how the art business operates and evolves, and understand the business decisions that these people make and the factors that they weigh up.
Understand the basic terms, concepts and principles that they apply on a daily basis.
Gain an appreciation of the need and potential for adaptation and innovation within the finances and economics of the art business.
Apply this understanding in real time through interaction with the course leader and guest speakers.
Faculty
Andrea Danese is a partner and co-founder of Artem Advisors LLC. Most recently, Andrea was co-founder, President & CEO of Athena Art Finance Corp. He co-founded the company in February 2015. Athena Art Finance is a specialty lender for the art market providing non-recourse financing against art as collateral. Lead investors in Athena were Carlyle Private Equity and Pictet Bank. The company was sold to Yield Street Inc. in April 2019. Over a 4 years period, Athena grew to be the leading independent lender in the art market with more than $250mm of assets originated and a market recognized innovative methodology to manage risk in a highly illiquid and opaque asset class like art.
Read MoreWeek 1: Discuss the economics of being an artist.
Week 2: Discover new business models for galleries.
Week 3: Learn how to "spend money to make money”; the basics of building an art collection.
Week 4: Understand the economics of art fairs and what goes into participating.
Week 5: Explore how art world actors are making deals and winning business on the secondary market.
Week 6: Technology and innovation: what is the cost?
Course participants take away in-depth and valuable insight into the current and future art world. Those who successfully complete their course will receive a certificate of completion from Sotheby’s Institute of Art.
Sotheby’s Institute of Art course participants come from all over the world, from a wide variety of backgrounds. As they study, travel, and explore the art world alongside each other throughout the program, fierce and long-lasting collaborations are frequently born. Individuals who complete these courses join our network of over 8,000 past participants around the globe who hold top positions at renowned art organizations.
English Language Requirement
Course participants should be proficient in written and spoken English and be able to participate in group discussions and presentations in English. It is recommended that participants have the equivalent level of IELTS score of 6.0 /TOEFL score of 78 IBT, however evidence of test scores is not required to register.
Age Requirement
Courses are open to participants 18 years of age or older, however, we prefer that students have a bachelor’s degree or equivalent experience to be able to properly engage in the course.
For more information, please see our Terms and Conditions.
We encourage interested individuals to book a consultation time with a member of our admissions team to learn more about this course and our registration process.
Please use this link to book a consultation time via phone or video call.