The Art BusinessIain Robertson Routledge, 2008 M08 28 - 246 páginas 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:
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. |
Dentro del libro
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... consignor (seller's commission) 'a key challenge is to obtain high quality and valuable property for sale either as agent or principal' (Sotheby's 2007b: 3) Two facets are worth noting about the structure of the art market. First, art ...
... consignors on the hammer price – as an easy gross margin of 20–35 per cent (based on the buyer's premium and the ... consignor and buyer, hence the two-way commission; in doing so auction houses offer market price transparency. The ...
... consignor advances and term loans (Sotheby's 2007a). Public art museums Considered 'a temple of the human spirit, the public art museum is also an important civic institution. This recognizes the art museum's 'relationship with modern ...
... consignor – such as consignment charges or guarantees – are not disclosed. Fifth, 'in the case of a stock we know, at least in principle, what its “true” (equilibrium) price should be – it is the stock's pro rata share of the discounted ...
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Contenido
1 | |
Part I Technical and structural elements of the art market | 27 |
Part II Cultural policy and management in art business | 97 |
Part III Regulatory legal and ethical issues in the art world | 139 |
Part IV Voices from the field | 211 |
Index | 229 |