Art is a 50 billion dollar industry and is becoming more of an innovative business than ever before. This inaugural event brings together art market professionals to discuss key business issues, trends and technology disruption facing the industry on both a national and global scale.
Analyzing and understanding how the art world is being disrupted and the impact this is having on business models is key in today’s climate. The art world’s unique set of challenges: the birth of a global arts market, the use of social media, preferences towards digital galleries and the growth of international art fairs, as well as struggles with regulations in an evolving industry, was addressed in an open and interactive platform during the The Business of Art Observed.
Observer brings together leading figures from the art world to share their experiences and you can view recordings of the talks below at your convenience!
Insurance & Risk Management
In today’s complex art industry, all stakeholders should consider whether solid risk management should now weigh in favor of using third-party risk transfer tools versus continuing to self-insure against such a risk adopt new ownership standards. This session will look at modernizing risk management in the art market and how the industry should apply forensic due diligence to transactions and ensure they view all business activities through a lens of strategic risk and reputation.Watch webinar recording
Regulating the Art Market
US art dealers, auction houses, galleries, art museums, art fairs and art consultants may soon be subject to government financial regulation. Many are calling for regulation in the art market to counter and combat the tax evasion, money laundering, price manipulation and trading on ‘inside information’. Proponents of regulation seek more open trading and greater disclosure of all aspects of art transactions, including details regarding the parties, prices and any guarantees.Watch webinar recording
The Art Market 2.0
This session will cover multiple technology solutions to help the art industry’s relationship with government legislators for trade, provenance and authenticity. We will discuss the importance of technology-driven transparency. These solutions embrace the improvement of the management and verification of collections & exhibit works.Watch webinar recording