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Today’s contemporary art market is dynamic and exciting. It takes skill and expertise to navigate it successfully. This course will offer an overview of the fundamental structures of the business, the people, the institutions, and the organizations through which art flows, and will examine the economic, sociological, legal, and ethical dimensions of the contemporary art market. Participants will explore the notion of fine art as a financial investment, and the effect of this concept on both contemporary art and artists. This course will also explore the impact of changing art world roles and the rise of art fairs and other spectacle-based events on the international art circuit.

What you will learn… 

  • To identify the fundamental businesses, people, institutions, and organizations that comprise the contemporary art world, and to understand how these different constituents drive the contemporary art market.
  • To understand how value – economic and aesthetic – is determined for contemporary art, and how that value is affected by notions of art as a financial investment.
  • To comprehend the market-related issues that affect the contemporary art market as the industry becomes more professionalized and globalized through the rise of art fairs and other spectacle-based, global events.
The Details
  • Course Dates

    Course Dates

    4-week course
    July 8–August 1, 2019
    Monday–Thursday; 10:00 AM–12:30 PM

    Enrollment for this course is now closed. Please write to if interested in our 2020 summer program.

  • Faculty


    Mike Danoff, Adjunct Faculty, Summer Institute, New York

    Click here to view all of our faculty members. Our instructors are award-winning Sotheby's Institute faculty, recognized thought leaders, and professional experts in the art world.
  • Sample Topics

    Sample Topics

    • Overview of the Fundamental Structures of the Art World

    • The Economic, Legal, Sociological, and Ethical Dimensions of the Art World

    • The Effect of Art Market “Financialization” on Contemporary Art

    • The Role of Auctions, Galleries, and Art Fairs

    • Issues Influencing the Pricing of Artworks

    • Technology and Globalization in the Art World

    • Research Methods for Delving into the Contemporary Art Market

  • Further Program Details

    Further Program Details

    Summer - New York is part of Sotheby's Institute's continuing education programming and offers short, non-credit courses. We encourage you to visit our Frequently Asked Questions page to find answers to some of the questions you may have about summer courses in New York, including international concerns and basic course advisement.

    Our Accommodations page provides essential information and external resources for students researching their options.
  • Course Fees & Enrollment

    Course Fees & Enrollment


    Add a second Summer New York course at a reduced rate:

    • Additional 4-week course +$3250 ($7000 Total)

    • Additional 2-week course +$1950 ($5700 Total)

    • Additional 1-week course +$1350 ($5100 Total)

    Tuition includes classroom and program lectures, site visits, and additional programming.
    Tuition does not include accommodation or travel.

    Terms and Conditions
  • Contact Information

    Contact Information

    For further information or course advisement, please contact:
    Hayley Black, Admissions Advisor
    Tel: 212-897-6644 Or Request Information

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