Understanding 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.

1. Introduction 2. A Hybrid Discipline: International Arts Management 3. Religion, History, Money 4. The International Art Market 5. Tax Matters 6. Putting a Price to Art 7. The American Art Market 8. Emerging Art Markets 9. World Taste in Chinese Art 10. International and National Control of the Illicit Trade in Works of Art and Antiquities 11. Current Concerns in the Art Market and Arts Management 12. Business and Network Models Employed to Explain the Art Market 13. Conclusion

Iain Roberston is a lecturer in arts policy and management at City University. He is a member of The National Art Collections Fund and Association Internationale des Critique d'Art. He is an adviser to the Asia Art Archive and responsible for information on Asian art developments in London.

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. This text takes an international perspective and merges theory with practice to enable the reader to understand the challenges and issues that those involved in art markets and management face today.