Art and finance unlocked
Weekend-long art business course
29 June 2019 10am - 5pm30 June 2019 10am - 5pm
Wolfson British Academy Room, Burlington Gardens, Royal Academy of Arts
£520. Includes all materials, light refreshments and a wine reception at the end of day one.
Terms and conditions
This intensive weekend course offers an in-depth exploration of the world of art and finance.
Art and Finance Unlocked has been cancelled but a number of elements have been incorporated into the art business weekend course, An Insider’s Guide to the Art Market.
The art market continues to evolve and grow offering art world players and investors a range of opportunities including in collecting and investment in art and collectibles, wealth management, portfolio diversification, tax and estate planning as well as wider business and investment strategies.
Although the total market size and rate of growth is a topic of some debate, there is many indications that the artworld offers the potential for significant rewards for savvy investors. The opaque, networked and global nature of this world has also resulted in distinct forms of risk and significant uncertainty which is often difficult to predict and challenging to manage. However, it is precisely these risks, underlying uncertainties and recent developments which are critical to understand in order to make effective financial decisions for both the short and the long-term investment.
Given current geopolitical uncertainty and technological change, the art market is arguable at a critical cross-roads allowing for more engagement from a wider range of people than ever before. As the value and liquidity of some sectors of the art market develops and the contemporary art and artists provide a remarkable range of exciting opportunities to engage with the arts across a diverse range of interests areas and price points, there seems to be more opportunity in the world of art finance, than ever before.
Both collaboration as well as the fierce competition among market participants, whether they are established players or new entrants, introduces fascinating dynamics and idiosyncrasies into the market. For those who are interested in the unpacking art finance and considering a range of financial and investment opportunities, this course provides an effective and structured overview of both the limitations and challenges as well as opportunities this space has to offer.
There is a forthright and balanced consideration of both benefits as well as the limitations of taking an investment-based perspective to the art world as well as a broader consideration of a range of the value adding benefits.
Although the long-standing tension between art and money remains and there is widespread concern about what might happen if they start to conflate, it is important that those exploring the complexities of art finance should not ignore the importance of the emotional and social connections that provides, both to private individuals, professional and corporate institutions and to the general public.
On the one hand professional wealth managers and investment advisors are taking note of these opportunities and including art and collectibles as part of their advisory services and a diversified portfolio of assets. On the other hand, private individuals and collectors are benefitting from these developments to build financial and culturally and socially valuable collections for posterity.
The course, led by Dr Anna M. Dempster, author of Risk and Uncertainty in the Art World, brings together the world’s top art and business experts to share their knowledge and invaluable advice on this often impenetrable subject.
This course is ideal for anyone with a professional or personal interest in the art world. Through real-life examples and scenarios, participants will be equipped to discuss, debate and act upon topics as broad as personal collections, wealth management, risk assessment and art financing models.
About the course
Drawing on specialist expertise, this exclusive course will demystify the finance structures of the art world and explain art finance and investment.
Suitable for private collectors, wealth managers, finance and insurance agents and other individuals or groups who might are interested in the financial aspect of the art world and its markets.
The course is led by experts with years of experience within art finance. The course will be delivered primarily through lectures but will also include opportunities for questions and discussion from participants.
This course is for you if:
•You have a general interest in the contemporary art world and would like to understand the complex financial infrastructure of the industry
• You currently work, or aspire to work, in the art and cultural sector and want to learn the tools necessary for art business
• You work in an art-adjacent industry (such as finance, insurance, law, banking and technology) and need to understand the field of art finance in relation to your own work
• You have a personal interest in art, the value of art and managing collectible wealth
• You are considering the benefits and risks of art business or art -finance product such as an art fund, an art portfolio or an art financing model
Minimum age 18
The number of participants is strictly limited to allow for group discussions and detailed feedback from the course leaders.
£520
Saturday 29 – Sunday 30 June 2019
10am-5pm on both days
• 2 days of expert-led lectures and discussions
• The opportunity to socialise and network with peers in a friendly environment
• Light refreshments provided on both days
• A drinks reception at the end of day one
• A certificate of participation upon course completion
About the tutor
Anna Dempster
Dr Anna M. Dempster is Head of Academic Programmes at the Royal Academy of Arts and College Research Associate at Wolfson College, University of Cambridge, where she also sits on the Fine Arts Committee. Anna was previously Associate Professor in Art Business at Sotheby’s Institute of Art responsible for the Art Business, Finance and Management Unit as well as teaching strategy, entrepreneurship and research methods all tailored for the art world. Prior to that she was Director of Research at the Creative Industries Observatory, University of the Arts London, and Founding Director of the MSc/MA in Creative Industries at Birkbeck College, University of London. She has research and teaching experience in leading international institutions including the University of Cambridge, London Business School and Rotterdam School of Management and she regularly consults for practitioners and policy-makers. She holds a BA and MPhil in History from the University of Cambridge, and a PhD in Management Studies from the Judge Business School, Cambridge.
Our courses and classes programme
Our programme of short courses and classes offers the opportunity to explore a range of subjects, led by expert tutors and practising artists.
Give this course as a gift
All of our courses can be purchased as a gift for a friend or family member – giving the gift of education and a remarkable experience. To arrange a personalised Gift Voucher, please contact Anna Pojer, Academic Programmes Manager, by calling 020 7300 5684 or email anna.pojer@royalacademy.org.uk