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Creative Industry and Art Market
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COURSE DESCRIPTION
In the late 20th century, creativity emerged as a key economic force, leading to a redefinition of cultural production that emphasized innovation, expression, and knowledge-based work. Landmark initiatives like the UK's Creative Industries Mapping Document helped establish a sector that not only produces art, media, and design but also contributes to urban regeneration and technological integration. This shift has transformed the art market, with traditional institutions giving way to virtual galleries, online auctions, and immersive experiences, necessitating new valuation models that highlight digital engagement and interdisciplinary innovation. This course explores the global art markets and creative industries, analyzing their roles in shaping the production, distribution, consumption, and evaluation of art across cultures. Through a multidisciplinary lens, students will examine the sociological, economic, and cultural forces driving these sectors and consider how globalization continues to redefine artistic practices and consumer behaviors.

 

 

Indicative references :

  • Adam, Georgina. (2014). Big Bucks: The Explosion of the Art Market in the 21st century. Farnham, UK: Ashgate Publishing.

  • Adam, Georgina. (2021) Dark Side of the Boom: The Excesses of The Art Market In the 21st Century. Lund Humphries.

  • Anheier, Helmut K. and Isar, Yudihishthir Raj, (eds.) Cultures and Globalization: Cities, Cultural Policy and Governance. London: Sage.

  • Becker, Howard. (1982). Art Worlds. Berkeley, CA: University of California Press.

  • Bilton, Chris. (2007). Management and Creativity: From Creative Industries to Creative Management. Oxford: Blackwell. 

  • Caves, Richard. (2000). Creative Industries: Contracts between Art and Commerce. Cambridge, MA: Harvard University Press.

  • Davies, Rosamund, and Sigthorsson, Gauti. (2013). Introducing the Creative Industries. London: Routledge.

  • Deloitte (2023). Art & Finance Report 2023. Deloitte Private & ArtTactic. [Online available] https://www.deloitte.com/content/dam/assets-zone2/lu/en/docs/services/financial-advisory/2023/art-finance-report-2023.pdf

  • Florida, Richard. (2002). The Rise of the Creative Class: And how It’s Transforming Work, Leisure, Community, and Everyday Life. New York: Basic Books.

  • Gerlis, Melanie. (2010). The Art Fair Story: A Rollercoaster Ride. London: Lund Humphries.

  • Glauser, Andrea. (et al.) (2020). The Sociology of Arts and Markets: New Developments and Persistent Patterns. Cham, Switzerland: Palgrave Macmillan.  

  • Goodwin, James (ed.) (2008). The International Art Markets: The Essential Guide for Collectors and Investors. London and Philadelphia: Kogan Page Ltd.

  • Graw, Isabelle. (2009). High Price, Between the Art Market and Celebrity Culture. Berlin: Sternberg Press.

  • Grodach, Carl and Silver, Daniel. (eds.) (2013) The Politics of Urban Cultural Policy: Global Perspectives. Abingdon, Oxon: Routledge.

  • Hewison, Robert. (2014). Cultural Capital: The Rise and Fall of Creative Britain. London: Verso Books.

  • Jones, Candace, Lorenzen, Mark and Sapsed, Jonathan. (eds.) (2015). The Oxford Handbook of Creative Industries. Oxford: Oxford University Press.

  • McAndrews, Clare. (ed.) (2010). Fine Art and High Finance. New York: Bloomberg Press.

  • McAndrews, Clare. (2022). The Art Market 2025. Art Basel & UBS Report. [Online available] https://theartmarket.artbasel.com/download/The-Art-Basel-and-UBS-Art-Market-Report-2025.pdf

  • McRobbie, Angela. (2016). Be Creative: Making a Living in the New Culture Industries. Cambridge: Polity.

  • O’Brian, Dave. (2013). Cultural Policy: Management, Value, and Modernity in the Creative Industries. LondonL Routledge.

  • Robertson, Iain. (2015). Understanding Art Markets: Inside the World of Art and Business. London: Routledge.

  • Thompson, Don. (2010). The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art. London: Aurum.

  • Throsby, David. (2001). Economics and Culture: An Introduction. Cambridge: Cambridge University Press.

  • Velthuis, Olav. (2005). Talking Prices: Symbolic Meanings of Prices on the Market for Contemporary Art. Princeton: Princeton University Press. 

  • Winkleman, Edward. (2015). Selling Contemporary Art: How to Navigate the Evolving Market. New York: Allworth Press.

  • Woodham, Doug. (2017). Art Collecting Today: Market Insights for Everyone Passionate About Art. New York: Allworth Press.