Course detail

Art Market and Art Law

FaVU-TUPAAcad. year: 2019/2020

„Art Market and Art Law“ lectures with roundtables with guest speakers. The aim of the course is to explain basic principles of the art market and art business, the key legal issues arising in this context, the specifics of the Czech art market and the rules governing the U.S. art market.

Language of instruction

Czech

Number of ECTS credits

Mode of study

Not applicable.

Guarantor

doc. Mgr. Jan Zálešák, Ph.D.

Department

Department of Art History and Theory (KTDU)

Learning outcomes of the course unit

Students will acquire elementary knowledge about art market structure and its legalistic aspects. Visits to institutions and encounters with representatives of the local art market will give students an opportunity to make an insight into this very specific area of bussiness.

Prerequisites

None.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods combine lectures with seminars - presentations of practitioners followed by discussions.

Assesment methods and criteria linked to learning outcomes

Credit is awarded on the basis of the written essay.

Course curriculum

The course consists of two types of meetings: lectures and roundtables with guest speakers. The following 6 units form the core of the course:
1. Art market (the primary market, the secondary market, auctions);
2. Authentification;
3. Authorship and provenance;
4. Art Crime (fakes & forgery, looted art, black market);
5. Auction (preparation and the course);
6. Art Appraisal.

These lectures will be complemented by 6 roundtables with guest speakers:
1. Art appraisal;
2. Gallerists‘ View – a vist to the art gallery;
3. The view of the auction houses – a visit to the auction house (pre-auction exhibition and, ideally, the auction itself);
4. Investors‘ view – a visit to the art investment fund;
5. Artists‘ view – a visit of artist’s workroom; 6.
Collectors‘ View – roundtable with a collector.

The ultimate goal of such an approach is to analyse the relevant aspects of the art market from a broader perspective and make sure that students have sufficient theoretical background so that they can engage in discussion with an invited speaker better. The names of guests and their precise topics will be announced in the beginning of the semester.

Work placements

Not applicable.

Aims

The aim of this course is to introduce to students the organisational structure of art market and its legislative aspects.

Specification of controlled education, way of implementation and compensation for absences

Attendance compulsory (at least 70 percent).

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Ed. McAndrew C.: Fine Art and High Finance, New York: Bloomberg Press 2010 (CS)
Charney N.: Umění falzifikace, Zlín: Kniha Zlín 2015 (CS)
Salisbury L., Sujo A.: Provenance, New York: Penguin Books 2010 (CS)
Salzman C.: Portrait of Dr. Gachet, New York: Penguin Books 1999 (CS)
Thompson D.: Jak prodat vycpaného žraloka za 12 milionu dolarů, Zlín: Kniha Zlín 2010 (CS)
Thompson D.: Supermodelka a krabice brillo, Zlín: Kniha Zlín 2014 (CS)
Thorton S.: Seven Days in the Art World, New York: W.W. Norton and Company, Inc. 2008 (CS)
Třeštík M.: Umění sbírat umění, Praha: Nakladatelství Gasset 2010 (CS)
Wagner E., Wagnerová T.: Sbírání umění: vášeň, investice a mnohem víc, Zlín: Kniha Zlín 2013 (CS)

Type of course unit

Seminar

13 hod., compulsory

Teacher / Lecturer

doc. Mgr. Jan Zálešák, Ph.D.

VUT

Faculties

University Institutes

Parts

Art Market and Art Law

Type of course unit