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  4. Contemporary Art Markets in a Global World

Contemporary Art Markets in a Global World

Objectives

Acquire knowledge about the functioning of the global art market and the
Portuguese art market, in particular;
Pinpoint changes in the global art market to economic-political geography;
Identify the main players and their action in the art system;
Understand the construction of artistic value in articulation of cultural structures
with the market;
Develop a critical sense about the importance of the market in the valuation of
art and in the analytical capacity to understand texts on the subject.

General characterization

Code

722061121

Credits

10.0

Responsible teacher

Adelaide Manuela da Costa Duarte

Hours

Weekly - 3

Total - 280

Teaching language

Portuguese

Prerequisites

The prerequisites are those defined in the application notice.

Bibliography

BECKER, Howard S., Mundos da arte, Lisboa, Livros Horizonte, 2010 (1.ª Ed. 1982).
BELLINGHAM, D., An Introduction to the Art Market: A Handbook for Students and Collectors (London: Lund Humphries), 2015.
HATTON, Rita and WALKER, John A, Supercollector. A critique of Charles Saatchi, 4th Edition, Esher, Surrey, The Institute of Artology, 2010 (1ª Ed. 2000).
HEINICH, Nathalie, Le paradigme de l’art contemporain. Structures d’une révolution artistique, Éditions Gallimard, 2014.
ROBERTSON, Ian, Principles of International Art Business (Editor with Derrick Chong), Lund Humphries, 2014.
VELTHIUS, Olav; CURIONI, Stefano Baia, Cosmopolitan Canvases. The Globalization of Markets for Contemporary Art, Oxford University Press, 2015.
VELTHIUS, Olav, Talking Prices. Symbolic Meanings of Prices on the Market for Contemporary Art, Princeton University Press, 2005.

Teaching method

The evaluation assessment focuses on the preparation of final written reports or
projects and the qualitative assessment of oral participation in classes (total
100%). A percentage of the classes decided by the teacher can be taught at
distance, online.

Evaluation method

Evaluation Method - The evaluation assessment focuses on the preparation of final written reports or projects and the qualitative assessment of oral participation in classes.(100%)

Subject matter

1. History of the Western art market
2. The contribution of private and institutional collecting to stimulate the art
market
3. From Paris to Hong Kong. Global art market transformations
4. The agents of the <art worlds>; in network: art galleries and typologies,
collectors and profiles, institutions
5. Construction of artistic values: legitimation and acquisition structures
(biennials and art fairs)
6. Portugal: history and development of the art market
7. The specificity of the Portuguese art market: trends and tastes