This introductory course will explore the various financial positions possible in today’s international art market, including direct purchases, art funds and art exchanges, as well as art lending and the creation of private foundations.
Participants will be asked to consider ethical implications deriving from the “financialization” of art and to develop their own perspectives on the relationship between art and commerce. These considerations will inform discussions about art investment -especially speculative-, as well as current and future regulation of the largest global art markets. This course will include case studies that address art market trends, including the advent of new digital platforms, and will introduce basic art and financial market tools and vocabulary to assist participants in comparing differing expert positions and reviewing market data. Each course module is taught by an industry expert and all together students will be exposed to a variety of voices from exceptional professionals in the field.
Adjunct Faculty, Summer Institute, Online Courses
Sonja Wosnitzer began her career in fixed income markets, spending several years at boutique investment funds and trading firms in New York City. Wosnitzer received her Master of Arts degree in visual arts management in 2018 from New York University, where she authored her thesis on applications of Blockchain technology and engaged extensively with online art trading platforms. Currently, she leverages prior experience at Sonnabend Gallery and Lincoln Center Corporate Fund to serve clients in private alternative asset consulting. For the past two years, Wosnitzer has taught Art Business for Sotheby's Summer Instituteitzer began her career in fixed income markets, spending several years at boutique investment funds and trading firms in New York City.
Read MoreWeek 1: Explore art market structure, history, and key art business models.
Week 2: Understand financial markets, both historically and today, while exploring risks and investment portfolio diversification.
Week 3: Learn how to be an effective player in the art market through analyzing market components and pricing structures.
Week 4: Examine art as an asset and the basic concepts of market indices.
Week 5: Understand the risks and rewards of art funds and art related investment vehicles.
Week 6: See how new technologies and digital platforms are affecting the future of art and finance.
This flexible online course is delivered in weekly modules consisting of recorded lectures, instructor-guided discussion boards, and supplementary resources. The course will include a final project with personalized feedback from the course instructor. All participants will have read-only access to the course materials for an additional 90 days after the course end date.
Review the online course Terms and Conditions.
For successfully completing this course, you receive a verified Certificate of Completion from Sotheby’s Institute of Art as well as 7.6 IACET Continuing Education Units. *
Our digital certificates allow you to share new skills with various social media platforms, including LinkedIn. Successful completion is defined by each instructor in the course syllabus and consists, at the least, of regular, thoughtful participation in online activities and timely submission of assigned papers or projects.
*As an IACET Accredited Provider, Sotheby’s Institute of Art offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard.