Note: This diploma is not being offered in the Summer 2017 semester.
Today’s global art market is a rapidly changing landscape that has a substantial need for professionals with advanced education, practical skills, and industry-specific knowledge to effectively navigate its complexities. The Advanced Diploma in Global Art Business equips students with practical skills, fundamental building blocks, and best practices for working as an art business professional in the global art economy. As a student in this diploma program, you will gain the specialized knowledge needed to operate in an art gallery or auction house or to serve as an adviser to high-net-worth collectors. Leading practitioners in their fields bring their invaluable experience to the classroom to educate you about the latest trends in and realities of today’s art market. You will acquire training in interpreting and predicting art markets, navigating international art regulations, understanding art legalities and global art transactions, assessing the value and quality of art, formulating collection strategies, and communicating and marketing the value of art.
It is recommended that students applying for this diploma have an undergraduate major or minor in art history, visual studies, or new media studies, or equivalent experience.
As a student in this program, you will complete an intensive “art market specialty white paper,” which will have four necessary components: 1) a chosen specialized art market area of study (e.g., Chinese contemporary art, ancient Roman art, Old Masters works, European decorative arts), 2) identification of a current problematic or thematic trend within that area, 3) formulation of a method to analyze the trend through art market research, and 4) a resulting conclusion based upon a holistic analysis of both published and independent research on that particular marketplace or market section. The white paper will be approximately 20 pages long and will exhibit your ability to look at the qualitative information and quantitative data published, as well as original research. The paper will represent a conclusive project that establishes your understanding and knowledge of the program’s learning objectives, in addition to a demonstrated ability to think independently and critically in a field that is characterized by inaccessible data, inconsistent information, and opaqueness.
The white paper should be work that has relevance and weight in the current art market. The paper should be well written, properly documented with full bibliography, and professional in the quality of its observations and recommendations. This paper can serve as a writing sample to demonstrate writing and critical thinking skills when applying for jobs.
You will produce five pages of the paper as an assignment in each course. This will help you to progress incrementally to the final 20-page requirement. At the end of the Diploma, you will need to combine the four separate five-page papers into one cohesive document. Finally, you will deliver a 10-minute oral presentation based on your paper to your peers and art business professionals.
- The ability to analyze and navigate the complexities of international art markets
- An understanding of the various art specialty markets, including their different historical principles, fundamentals, and performances
- Familiarity with the qualitative and quantitative principles of art valuation
- Knowledge of the complex laws, regulations, taxes, and rules of international art transactions
- The professional ability, approaches, and hard skills to build and manage collections of lasting value for high-net-worth clients
- Soft skills associated with professional decorum and the ethics of doing business in an unregulated marketplace
- Art Fair Professional
- Auction House Specialist
- Auction House Business Development Manager
- Gallery Director
- Online Art Business Professional (auctions, galleries)
- Art Marketing and Development Professional
- Gallery Salesperson
- Art Adviser
- Museum Business Officer
- CFO of a gallery
- Collection Manager
- Private Curator
You'll Walk Away With
- An understanding of macro and micro art market fundamentals, principles, and mechanics
- Knowledge of the mechanisms of global art transactions
- An understanding of the financial concerns of art as an alternative asset
- Familiarity with different art market specialties and their particular considerations and characteristics
- The ability to build and manage collections utilizing the latest management protocols, best practices, technology, and due diligence procedures