Fine art has been increasingly marketed, collected, and valued as a financial asset. 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.
This Premier Online Course features weekly recorded lectures and faculty-guided discussion boards to maximize flexibility and deliver an engaging and interactive digital experience.
Students will learn:
- To identify the most fundamental aspects of art finance and economics.
- To build the practical knowledge required to begin engaging the various international art markets.
- To examine the field of art-backed financial products and services, as well as their providers, and the international regulatory environment in which they operate.
- To analyze the economic debates about fine art's performance as a financial asset.
- To understand how art can be leveraged and is treated as a financial instrument globally.