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BUS 19 — The Business of Art: Selling, Buying, and Collecting

Quarter: Fall
Day(s): Mondays
Course Format: On campus
Duration: 7 weeks
Date(s): Sep 26—Nov 14
Time: 6:30—9:00 pm
Drop Deadline: Oct 9
Unit(s): 2 Units
Tuition: $515
Status: Closed
Please Note: No class on October 31
On campus
6:30—9:00 pm
Sep 26—Nov 14
7 weeks
Drop By
Oct 9
2 Units
Please Note: No class on October 31
The art market is infamous for its elitism and opacity—yet with the right set of tools, anyone can navigate its labyrinth and become a collector or an investor, or start a career in the arts. This course will provide students with a foundation to explore the art market, understand its key players, and decode its business practices.

The course will begin with a brief overview of the last century in art history. Students will learn how to identify why a specific artwork represents a breakthrough, and why it has become a touchstone for scholars, critics, and art historians. We will then explore the relationship between historical value and current market value. Guest speakers will help us understand the roles of the major art scene “influencers” (including artists, collectors, galleries, advisors, auction houses, and art fairs) in changing these values. While fine-tuning their understanding of art and the art market, students will also learn about the practical and technical aspects of the business of art. By the end of the course, art lovers and those wishing to start or pursue a career in the business of arts will be able to pinpoint where a specific artwork fits into an art-historical context and identify the drivers determining a piece’s present and future market values. Novices and experts alike will gain fresh insights into the booming local, national, and international art scenes, which will allow them to engage with art in new ways and to foster a lifelong personal or professional engagement with the arts.

No previous knowledge of art history is required.

Tatiana Maratchi Legrain, Lawyer; Art Advisor

Tatiana Maratchi Legrain has worked at Sotheby’s and collaborated with the Gagosian Gallery and the Museum of Fine Arts, Boston. She has been advising private collectors for over ten years. She received a JD from the Universitat Pompeu Fabra in Barcelona, an LLM with a focus on art law from the Graduate Institute in Geneva, and an MS in arts administration from Boston University, where she also taught graduate courses.

Textbooks for this course:

No required textbooks