Art has become big business in way not seen since the Dutch golden age. Once the preserve of a small elite, recent growth in the art and financial markets has made art a more accessible investment option for individuals than ever before.
Yet this growth has posed new forms of uncertainty, volatility and risk to the art world and its participants.
Risk and Uncertainty in the Art World offers the first complete overview of risk in the art market by bringing together contributions from a wide range of international thought-leaders on the topic – both practitioners and leading scholars who investigate the specific types of uncertainty that exist in the art market as well as the dominant models used to manage the risks.
An essential read for both art world practitioners, as well as scholars and students, Risk and Uncertainty in the Art Market illustrates the dynamics and unique qualities of the art market as well as developing insights relevant to other sectors, including sociology, business and management, economics and finance.
Anna M. Dempster is Senior Lecturer (Associate Professor) in Art Business at Sotheby’s institute of Art, London. She holds a BA and M.Phil in History from the University of Cambridge, and a PhD from the Judge Business School, Cambridge, UK.
Prior to joining Sotheby’s Institute she held a tenured Lectureship at Birkbeck College, University of London, where she was the founding Director of the MSc/MA in Creative Industries, the first cross-disciplinary programme between the School of Arts and Business, Economics & Informatics.
Her current research focuses on the creative industries and visual arts with publications in journals of international standing in strategic management, innovation and entrepreneurship. She regularly consults for policy makers and industry.
“Anna Dempster has brought the classical economic perspective on risk and uncertainty to the art market in this unique and valuable collection of essays.” – Orley Ashenfelter, Joseph Douglas Green 1895 Professor of Economics, Princeton University
Risk and Uncertainty in the Art World is published by Bloomsbury Publishing and is available from Bookworld.
Image: Risk and Uncertainty in the Art World