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Art and Design Diploma in Global Art Business

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 navigate its complexities effectively. The 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.

Work Product

As you work through each of the four courses, you will produce five pages as final course assignments, which then will be put together to create an “art market specialty white paper.” This white paper is a case study based on building and managing a collection, and it must include four components: 1) the vision of your collection and catalog, 2) an acquisition plan and market analysis, 3) acquisition prices and comparative analysis, and 4) an acquisition budget and collection maintenance budget. The white paper will be approximately 20 pages long and will exhibit your ability to find and analyze published qualitative information and quantitative data, as well as to conduct original research. The paper will represent a comprehensive project that establishes your understanding and knowledge of the program’s learning objectives, in addition to demonstrating an ability to think independently and critically in a field that is characterized by inaccessible data, inconsistent information, and opaqueness. This paper can serve as a writing sample that demonstrates your writing and critical thinking skills when applying for jobs.

Job Skills

  • 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

 

Job Titles

  • 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
  • Dealer

 

This diploma is awarded to students who successfully complete all four required courses within two years.

For further advisement, please contact the Center for Applied Liberal Arts at sps.cala@nyu.edu.

Must be completed within

2 years

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

Program Curriculum

COURSES THAT GIVE YOU THE SKILLS AND TRAINING YOU NEED TO START YOUR NEW CAREER

REQUIRED

All Courses Required

The Fundamentals of the Global Art Markets and Marketplaces

Learn about the macro and micro art markets, their development, and the various degrees to which they comprise and construct the global art economy.

2018 Spring
1 section

Theory and Practice of Art Valuation

Acquire a fundamental grounding in the various approaches and methodologies associated with assigning a value to art objects.

Art Market Practices: Building and Managing Collections

Learn the fundamental concepts of building an art collection, and examine the role of the professional art adviser in the marketplace.

2018 Spring
1 section

The Art Transaction: Buying and Selling in Global Markets

This course traces the processes and requirements that are elemental to art transactions for both private and public sales.

OPTIONAL

Complete 0

JobFocus: Global Art Business

Gain a better understanding of long-term career management topics in the global art business.

General Admission Requirements

  • Resume
  • Two references
  • Essay
  • A bachelor’s degree or four years of professional experience

The Fundamentals of the Global Art Markets and Marketplaces

Learn about the macro and micro art markets, their development, and the various degrees to which they comprise and construct the global art economy.

2018 Spring
1 section

Theory and Practice of Art Valuation

Acquire a fundamental grounding in the various approaches and methodologies associated with assigning a value to art objects.

Art Market Practices: Building and Managing Collections

Learn the fundamental concepts of building an art collection, and examine the role of the professional art adviser in the marketplace.

2018 Spring
1 section

The Art Transaction: Buying and Selling in Global Markets

This course traces the processes and requirements that are elemental to art transactions for both private and public sales.

JobFocus: Global Art Business

Gain a better understanding of long-term career management topics in the global art business.