The Art Market: Past, Present & Future
May 26 - June 16
Wednesdays 10:45 - 12:45 & 14:00 - 16:00
£63 – £260
Coffee, tea and biscuits on arrival and during half-time break are inclusive. Lunch at your own expense is available at the Club but requires advance booking. Please contact Club Receptionist once your lecture booking is confirmed. There are cafes nearby if you prefer.
Why is a Leonardo painting worth over $450 million? Can we be sure that it is by the hand of Leonardo?
The art market currently accounts for $60‐70 billion per year and, in spite of the global recession, continues to grow. The new millennium has witnessed the globalisation of the art market, with the emerging economies of China, Russia, Latin America increasingly competing for art with the established western nations of the USA, UK and EU, as well as with the new art‐collecting habits of the Middle East.
The art market is now headed by the USA, followed by China and the UK. This five‐lecture course will study the historical factors which led to the current boom in the collecting and display of art in public museums, galleries and foundations, as well as in private residences.
It will look at the established auction houses and commercial galleries, as well as at the recent explosion of art fairs across the world and the growth of interest in the buying of contemporary art on the primary market.
All art market sectors will be covered, from antiquities through Old Masters, to Impressionist, Modern and Contemporary.
“Interesting, challenging and well run”
Morning session: History Of The Art Market From Prehistory To 1999 – 26 May 2021
This lecture will trace the origins of today’s flourishing art market from prehistory to the 20th century, with the development of art collectors, dealers, agents and auctions in the ancient Greco‐Roman Mediterranean, Renaissance and modern worlds.
Morning session: The Art Market In The New Millennium – 2 Jun 2021
Here we will focus in more detail on the first 20 years of the new millennium, with its economic boom in the 2000s, accompanied by the exponential growth of contemporary art sales and art fairs, through to global recession in the 2010s.
Morning session: International Art Markets: Is The Art Market A Global Market? – 9 Jun 2021
This lecture will discuss the similarities and differences of different national art markets, from the traditional western nations of the UK, USA and Europe through to the emerging markets of Asia, Africa and Latin America.
Morning session: Art Market Sectors: From Antiquities To Contemporary – 16 Jun 2021
Today we will look at the traditional categories of art market activity as defined by major auction houses and galleries: antiquities; old masters; nineteenth‐century; impressionist & modern; post‐war & contemporary.
Afternoon session: The Future Of The Art Market – 16 Jun 2021
The series concludes with a lecture which summarises historical and recent art world developments and suggests where the art market is heading during the next century.