Understanding International Art Markets And Management International Art Markets And Management

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. Understanding International Art Markets And Management Focuses On The Visual Art Market--sculpture, Paintings, Drawings, Prints--and Examines The Major Transitions That Have Affected This Market.--title Page Verso. Introduction : The Economics Of Taste / Iain Robertson -- The International Art Market / Iain Robertson -- Art, Religion, History, Money / Iain Robertson -- The Success And Failure Of International Arts Management : The Profitable Evolution Of A Hybrid Discipline / Eric Moody -- Stakeholder Relationships In The Market For Contemporary Art / Derick Chong -- Tax Matters / Renée Pfister -- Managing Uncertainty : The Visual Art Market For Contemporary Art In The United States / Joan Jeffri -- The Emerging Art Markets For Contemporary Art In East Asia / Iain Robertson -- World Taste In Chinese Art / James Spencer -- The Nature Of Supply And Demand In The Old Master Picture Market / Alexander Hope -- Art Crime / Patrick Boylan -- The Current And Future Value Of Art / Iain Robertson -- Endgame And Beyond / Iain Robertson. Edited By Iain Robertson. Includes Bibliographical References And Index. Book Cover......Page 1 Title......Page 4 Copyright......Page 5 Dedication......Page 6 Contents......Page 8 Illustrations......Page 10 Contributors......Page 12 Foreword......Page 14 Acknowledgements......Page 16 1 Introduction......Page 18 Part I The structure and mechanisms that fuel the art market......Page 28 2 The international art market......Page 30 3 Art, religion, history, money......Page 54 4 The success and failure of international arts management......Page 79 5 Stakeholder relationships in the market for contemporary art......Page 101 6 Tax matters......Page 120 Part II The behaviour and performance of the main markets for art......Page 140 7 Managing uncertainty......Page 142 8 The emerging art markets for contemporary art in East Asia......Page 163 9 World taste in Chinese art......Page 189 10 The nature of supply and demand in the Old Master picture market......Page 212 11 Art crime......Page 231 12 The current and future value of art......Page 245 Part III Conclusion......Page 278 13 Endgame and beyond......Page 280 Index......Page 289 This book provides an understanding of the challenges facing art market 'makers' (dealers, auctioneers, collectors, artists) and the decision making process experienced by market 'players' and investors. Essential reading for students and managers