Understanding Art Markets

Inside the world of art and business

Author: Iain Robertson

Publisher: Routledge

ISBN: 1135091935

Category: Art

Page: 388

View: 5350

The global art market has recently been valued at close to $50bn - a rise of over 60% since the global financial crisis. These figures are driven by demand from China and other emerging markets, as well as the growing phenomenon of the artist bypassing dealers as a market force in his/her own right. This new textbook integrates, updates and enhances the popular aspects of two well-regarded texts - Understanding International Arts Markets and The Art Business. Topics covered include: Emerging markets in China, East Asian, South East Asian, Brazilian, Russian, Islamic and Indian art, Art valuation and investment, Museums and the cultural sector. This revitalized new textbook will continue to be essential reading for students on courses such as arts management, arts marketing, arts business, cultural economics, the sociology of arts, and cultural policy.

Understanding International Art Markets and Management

Author: Iain Robertson

Publisher: Psychology Press

ISBN: 9780415339575

Category: Art

Page: 280

View: 4543

This groundbreaking text brings together experts in the field of visual art markets to answer some fundamental questions: Is art a good investment? Why is the art market dominated by America and Western Europe? Where are the key emerging markets and what are the next good buys in art? Providing readers with an understanding of the challenges facing art market 'makers' (dealers, auctioneers, collectors and artists) and the decision-making process experienced by market 'players' and investors, this exciting text merges the key theories with examples of practice in a highly accessible style. Written by an international array of experts from the US, the UK and China, this book is essential reading for all those studying or interested in art markets and management.

Art of the Deal

Contemporary Art in a Global Financial Market

Author: Noah Horowitz

Publisher: Princeton University Press

ISBN: 069115788X

Category: Art

Page: 400

View: 6085

Art today is defined by its relationship to money as never before. Prices of living artists' works have been driven to unprecedented heights, conventional boundaries within the art world have collapsed, and artists now think ever more strategically about how to advance their careers. Artists no longer simply make art, but package, sell, and brand it. Noah Horowitz exposes the inner workings of the contemporary art market, explaining how this unique economy came to be, how it works, and where it's headed. He takes a unique look at the globalization of the art world and the changing face of the business, offering the clearest analysis yet of how investors speculate in the market and how emerging art forms such as video and installation have been drawn into the commercial sphere. By carefully examining these developments against the backdrop of the deflation of the contemporary art bubble in 2008, "Art of the Deal" is a must-read book that demystifies collecting and investing in today's art market.

New Art, New Markets

Author: Iain Robertson

Publisher: Lund Humphries Publishers Limited

ISBN: 9781848222175

Category:

Page: 272

View: 962

Originally published in 2011, Iain Robertson's 'A New Art from Emerging Markets' introduced and examined three types of emerging markets for contemporary art: recently established, maturing and mature. This fully revised second edition updates the reader on these rapidly evolving markets and adds a vital new section on South America. As well as surveying emerging art markets throughout the world, the book is concerned with how value in non-Western contemporary art is constructed largely by external political events and economic factors rather than aesthetic considerations. For instance, Dubai's political risk has increased markedly with the threat of a terrorist attack in the Emirate, which for one of the world's newest art-market hubs, will undoubtedly affect the progress of prices for Middle-Eastern and Indian art. The book also considers whether new art markets grow better organically, driven by commercial imperatives, or with government intervention, constructing a cultural and economic infrastructure within which an art market can be placed. Written accessibly and engagingly, the book presents emerging art-market scenarios that offer the collector, investor, speculator and interested observer, an insight into where the new markets are and how they are likely to develop.

The Art Business

Author: Iain Alexander Robertson,Derrick Chong

Publisher: Routledge

ISBN: 0415391571

Category: Art

Page: 233

View: 4050

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.

Fine Art and High Finance

Expert Advice on the Economics of Ownership

Author: Clare McAndrew

Publisher: John Wiley & Sons

ISBN: 0470885459

Category: Business & Economics

Page: 336

View: 7281

Art and finance coalesce in the elite world of fine art collecting and investing. Investors and collectors can’t protect and profit from their collections without grappling with a range of complex issues like risk, insurance, restoration, and conservation. They require intimate knowledge not only of art but also of finance. Clare McAndrew and a highly qualified team of contributors explain the most difficult financial matters facing art investors. Key topics include: Appraisal and valuation Art as loan collateral Securitization and taxation Investing in art funds Insurance The black-market art trade Clare McAndrew has a PhD in economics and is the author of The Art Economy. She is considered a leading expert on the economics of art ownership.

Seven Days in the Art World

Author: Sarah Thornton

Publisher: W. W. Norton & Company

ISBN: 0393071057

Category: Art

Page: 304

View: 9174

A fly-on-the-wall account of the smart and strange subcultures that make, trade, curate, collect, and hype contemporary art. The art market has been booming. Museum attendance is surging. More people than ever call themselves artists. Contemporary art has become a mass entertainment, a luxury good, a job description, and, for some, a kind of alternative religion. In a series of beautifully paced narratives, Sarah Thornton investigates the drama of a Christie's auction, the workings in Takashi Murakami's studios, the elite at the Basel Art Fair, the eccentricities of Artforum magazine, the competition behind an important art prize, life in a notorious art-school seminar, and the wonderland of the Venice Biennale. She reveals the new dynamics of creativity, taste, status, money, and the search for meaning in life. A judicious and juicy account of the institutions that have the power to shape art history, based on hundreds of interviews with high-profile players, Thornton's entertaining ethnography will change the way you look at contemporary culture.

Understanding Emerging Markets

Building Business BRIC by Brick

Author: Stefano Pelle

Publisher: SAGE Publishing India

ISBN: 9352800656

Category: Business & Economics

Page: 248

View: 5967

This book provides an overall perspective of the rising power of emerging economies. It focuses on Brazil, Russia, India and China (the BRIC countries) in order to understand market opportunities and issues relevant to doing business in such emerging economies. The book defines an emerging market, analyses the operative environment of emerging countries and points out some common difficulties and mistakes. The author describes key elements of a successful and profitable business model in these countries and in doing so, focuses on some important issues: – Cultural Gaps and extensive dependence on expatriates – The main characteristics of the workforce – External factors influencing business – Red tape and corruption – Corporate social responsibility – Sustainability of economic development

A New Art from Emerging Markets

Author: Iain Alexander Robertson

Publisher: Lund Humphries Publishers

ISBN: 9781848220195

Category: Art

Page: 208

View: 8281

A New Art from Emerging Markets sets out to introduce and examine three types of emerging market for contemporary art: the very recently established, the maturing and the mature. In temporal terms, the youngest are no more than five years old; the maturing, 15 years old; and the mature up to 25 years old. But time is only one measure of the market, because size and speed of growth provide other means of establishing where the market is placed. Written accessibly and engagingly for general readers as well as art professionals and investors, the book presents emerging art-market scenarios, often with recourse to past markets, that offer the collector, investor, speculator, observer and culturally interested individual an insight into where the new markets are and how they are likely to develop.

Ethics and the Visual Arts

Author: Elaine A. King,Gail Levin

Publisher: Skyhorse Publishing, Inc.

ISBN: 9781581158229

Category: Art

Page: 288

View: 6889

The dark side of the arts is explored in this timely volume, sure to spark discussion and debate. Nineteen diverse essays by such distinguished authors as Eric Fischl, Suzaan Boettger, Stephen Weil, Richard Serra, and more cover a broad range of topics facing today’s artists, policy makers, art lawyers, galleries, museum professionals, and many others. Readers will find expert insights on such up-to-the-minute issues as preserving Iraqi heritage after the U.S. invasion; the role of new media; art and censorship; the impact of 9/11 on artists; authenticity and forgeries; cultural globalization; fair use; how tax laws encourage donations of art to museums; where people buy art; the ethical codes of working art critics; and much more. With its clear-sighted commentary on today’s hottest arts issues, Ethics in the Visual Arts is essential reading for anyone interested in the humanities and in current events. • Eric Fischl, Suzaan Boettger, Stephen Weil, other top names • Valuable to policy makers, attorneys, art critics, museum professionals, anyone involved in art Allworth Press, an imprint of Skyhorse Publishing, publishes a broad range of books on the visual and performing arts, with emphasis on the business of art. Our titles cover subjects such as graphic design, theater, branding, fine art, photography, interior design, writing, acting, film, how to start careers, business and legal forms, business practices, and more. While we don't aspire to publish a New York Times bestseller or a national bestseller, we are deeply committed to quality books that help creative professionals succeed and thrive. We often publish in areas overlooked by other publishers and welcome the author whose expertise can help our audience of readers.

Understanding Emerging Markets

China and India

Author: Peter Enderwick

Publisher: Routledge

ISBN: 1134197853

Category: Business & Economics

Page: 264

View: 8496

Emerging markets (Ems) are the focus of increasing interest in the field of international business, as they provide significant challenges and great opportunities. Focusing on the dynamics of emerging markets, this informative book provides an academically rigorous yet business-oriented analysis of the key issues in this area and incorporates chapters on: the nature of emerging markets market development integrating Ems in the global economy implications for business strategy. Providing an in-depth analysis of two of the most important Ems, China and India, this user-friendly text incorporates extensive case studies, boxed summaries, discussion questions and an extensive bibliography.

Understanding Futures Markets

Author: Robert Kolb,James A. Overdahl

Publisher: Wiley-Blackwell

ISBN: 1405134038

Category: Business & Economics

Page: 624

View: 3450

Now in its sixth edition, Understanding Futures Markets by Robert Kolb (University of Colorado) and James Overdahl (Chief Economist of the Commodity Futures Trading Commission) provides the most comprehensive coverage of futures markets available. This new edition features updated and enhanced discussions on: event markets, proposition markets, weather futures, and macro futures globalization of futures markets electronic trading platforms and the rise of electronic trading manipulation of futures markets and methods of deterrence The Commodity Futures Modernization Act of 2000 and its effect on market regulation hedging in a corporate environment uses of futures by government entities energy futures products recent fiascos involving energy futures and related derivatives single stock futures products and narrow-based stock index futures accounting and taxation features of futures markets. Clearly written and accessible, this is the authoritative text for students and practitioners alike looking for an in-depth treatment of futures markets.

The Economics of American Art

Issues, Artists and Market Institutions

Author: Robert B. Ekelund Jr,Robert B. Ekelund, Jr.,Robert D. Tollison

Publisher: Oxford University Press

ISBN: 0190657898

Category: Art

Page: 384

View: 1359

The rapidly changing and evolving art market might appear to be chaotic to the casual observer, with new highs, potential lows, and tastes and fashions changing season to season. Economists, however, view the actions of buyers and sellers as constituting an identifiable market. They have, for some decades, studied such issues as artistic productivity and "death effects" on prices, investment returns, and on the basis of the behavior and estimated prices in auction markets. The Economics of American Art analyzes the most pervasive economic issues facing the art world, applied to the whole spectrum of American art. The book begins by looking at how a market for American art developed, how the politics of the post-war era shaped, at least in large part, the direction of American art, and how this legacy continues into contemporary art today. The book then tackles several salient, integral questions animating the American art world: Are age and "type" of artist (i.e. traditional or "innovative") related and, if so, how might they be related to productivity? Is investment in American art a remunerative endeavor compared to other investment possibilities? Do economic insights provide understanding of fakes, fraud and theft of art, particularly American art, and is it possible to prevent art crime? Is there is a boom (or a bust) in the market for contemporary American art as might be found in other markets? The ongoing evolution of American art is attended by a massive number of influences, and the economic concepts employed in this volume will complement other critical and important cultural studies of art. Both practical and accessible, The Economics of American Art will be essential for collectors, auction houses, American art experts of all kinds, museums, gallery owners and, not least, by economists with continuing scholarly interests in these matters.

Art and the Global Economy

Author: John Zarobell

Publisher: Univ of California Press

ISBN: 0520291522

Category: Art

Page: 344

View: 3263

Art and the Global Economy analyzes major changes in the global art world that have emerged in the last twenty years including structural shifts in the global art market; the proliferation of international art fairs, biennials and blockbuster exhibitions; and the internationalization of the scope of contemporary art. John Zarobell explores the economic and social transformations in the cultural sphere, the results of greater access to information about art, exhibitions, and markets around the world, as well as the increasing interpenetration of formerly distinct geographical domains. By considering a variety of locations—both long-standing art capitals and up-and-coming centers of the future—Art and the Global Economy facilitates a deeper understanding of how globalization affects the domain of the visual arts in the twenty-first century. With contributions by Lucia Cantero, Mariana David, Valentin Diaconov, Kai Lossgott, Grace Murray, Chhoti Rao, Emma Rogers and Michelle Wong.

The Strategic Planning Process

Understanding Strategy in Global Markets

Author: Marios Katsioloudes,Arpi K Abouhanian

Publisher: Taylor & Francis

ISBN: 1317623177

Category: Business & Economics

Page: 392

View: 2109

Strategic management is a field that has diversity in approach and scope, but relative homogeneity in pedagogy. This book, a refreshed edition of its successful predecessor, brings something different to the field, by concisely introducing it with a focus on doing business in the Middle East and North Africa. Supplemented by online case studies and other resources, the reader is exposed to a plethora of concepts, theories, practical implications, and experiential exercises in the strategic management process. The updated text explores key regional issues, including the "Arab Spring", economic recession, corporate social responsibility, the role of women in business and the rise of emerging economies. The reader is encouraged to look at the world in light of the challenges many organizations are facing around the globe. Features like "Stop and Think Critically" and "Focus" points throughout each chapter encourage and inspire a thoughtful reading of the text. This is a book designed to aid undergraduate and graduate students, as well as managers in both for-profit and non-profit sectors. The authors guides the reader through both new and ongoing issues in the field of strategic management, and allow them to foster a greater understanding of this ever-developing field.

The Master Trader

Birinyi's Secrets to Understanding the Market

Author: Laszlo Birinyi

Publisher: John Wiley & Sons

ISBN: 1118774787

Category: Business & Economics

Page: 352

View: 8710

Alongside Laszlo Birinyi's stories from his more than forty years of trading experience, the book provides guidance on critical trading and investment issues, including: What the market will likely do if Spyders are up one percent in pre-trading Whether to buy or sell when a stock reports better that expected earnings and trade up to $5 to $50 The details behind group rotation and market cycles The seasonal factors in investing Indicators, explained: which are indicative and which are descriptive The importance of sentiment and how to track it The book will include chapters and details on technical analysis, the failure of technical analysis efforts, the business of wall street, trading indicators, anecdotal data, and price gaps. The Website associated with the book will also feature data sourcing and video.

Art Market and Connoisseurship

A Closer Look at Paintings by Rembrandt, Rubens and Their Contemporaries

Author: Anna Tummers,Koenraad Jonckheere

Publisher: Amsterdam University Press

ISBN: 9089640320

Category: Art

Page: 192

View: 6428

The question of whether seventeenth-century painters such as Rembrandt and Rubens were exclusively responsible for the paintings later sold under their names has caused many a heated debate. Despite the rise of scholarship on the history of the art market, much is still unknown about the ways in which paintings were produced, assessed, priced, and marketed during this period, which leads to several provocative questions: did contemporary connoisseurs expect masters such as Rembrandt to paint works entirely by their own hand? Who was credited with the ability to assess paintings as genuine? The contributors to this engaging collection—Eric Jan Sluijter, Hans Van Miegroet, and Neil De Marchi, among them—trace these issues through the booming art market of the seventeenth and eighteenth centuries, arriving at fascinating and occasionally unexpected conclusions.

Markets 101

Author: Kevin Koy

Publisher: Probus Publishing Company

ISBN: N.A

Category: Business & Economics

Page: 277

View: 3374

The Value of Art

Author: Michael Findlay

Publisher: Prestel Verlag

ISBN: 3641083427

Category: Art

Page: 208

View: 7421

What is art worth? How can a work by Warhol be sold for more than $100,000,000? This critically acclaimed book, newly revised, updated, and generously illustrated throughout, explains the market for art—and art’s value for all of us. In The Value of Art, internationally renowned art dealer and market expert Michael Findlay offers a lively and authoritative tour of the art world informed by almost a half-century in the business and a passion for great art. With style and wry wit, Findlay explores how art acquires value—both commercial and social—and how these values circulate among the artists, dealers, and collectors that comprise today’s complex and constantly evolving art world. In the process he demystifies how art is bought and sold while also constantly looking beyond sales figures to emphasize the primacy of art’s essential, noncommercial worth. Coloring his account with wise advice, insider anecdotes involving scoundrels and scams, stories of celebrity collectors, and remarkable discoveries, Findlay has distilled a lifetime’s experience in this indispensible guide for today’s art lover.

Unexpected Returns

Understanding Secular Stock Market Cycles

Author: Ed Easterling

Publisher: N.A

ISBN: N.A

Category: Business & Economics

Page: 278

View: 7527

This book is the essential resource for investors and investment professionals who want to understand how and why the financial markets are not the same now as they were in the 1980s and 1990s. In addition to explaining the fundamentals, this book takes y