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OAFP 4935 - The international art market

Type d'enseignement : Elective

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

Students should know how the cultural sector works in France and internationally. They must be able to understand the general stakes of the cultural world and its major actors. A general knowledge on cultural policies supported by public and private funding is required. It is important to comprehend that there are national systems in a globalized context.

Course Description

This course aims at providing intellectual and professional knowledge of the art market both in France and on an international level. It also presents a micro-level and comprehensive analysis of the global art market while teaching the students about the legal and financial aspects of working in the art world. An introduction to Art History, focusing on contemporary art, will be provided. Attention will be given to the analysis of the different actors of the art world and their relationships: artists, galleries, art fairs, collectors, auction houses, foundations, museums and others involved in the art trade. Creating, buying, selling and collecting art require codified skills that will be examined. Compared with other sectors, the art market is difficult to quantify as most sales are conducted privately. However, and as the industry grows in a more globalized context, it is essential to integrate ethics, methods, financial rules and legal regulations. In the end and through this examination, the students will be able to address questions about the future of the art market. Professionals will join us to address these subjects. Students are invited to participate in the understanding of the art market via lectures, case studies and field trips to galleries, art fairs, museums and special events.

Teachers

VAN SCHOONBEEK, Marine (Directrice de la Galerie Chantal Crousel)

Pedagogical format

Each course will address a different aspect of the international art market. An introduction will be made first. It will be developed by an oral presentation by the students. The technical aspects and practical cases will then be discussed. A session of Q&A will conclude the course.

Course validation

Each session will start by a general introduction. Professional guests will regularly share their experience on the topics covered. To prepare each intervention, a group of students will present a synthetic and oral presentation on the subject (25%). Two evaluations will be added. Mid-semester and following a field trip to galleries, museums or art fairs, each student will write a short note analyzing their experience (25%). Groups of students will work on a practical case in the form of a dossier at the end of the semester (50%).

Workload

Students should read the articles and documents provided before each session. If recommended, they could visit galleries, museums and art fairs. Students can make general research on the topics. If a guest is invited for a presentation, they must prepare specific questions.

Required reading

  • E.H. Gombrich, The Story of Art, Phaidon
  • Pierre Cabanne, Dialogues With Marcel Duchamp, Da Capo Press,1971
  • Hans Ulrich Obrist, Ways of Curating, Farrar, Straus and Giroux, 2014
  • Noah Horowitz, Art of the Deal: Contemporary Art in a Global Financial Market, Princeton University Press, 2011
  • Liam Gillick, Industry and Intelligence: Contemporary Art Since 1820, Columbia University Press, 2016