Jessica Cochran

This course explores the field of contemporary art and its dynamic market. Money combines with other forms of capital as an engine at the heart of an expansive and globally-networked art world. From the “sacred” spaces of the museum or studio to the “profane” realms of commercial galleries, auction houses and fairs, we will learn how competing logics of culture and markets coalesce. Drawing on a variety of readings, as well as field trips, guest lectures and case studies, we will examine the inter-related actors, institutions, and behaviors that drive and, sometimes, destabilize the art world’s economic activity. This is an ecosystem of artists, dealers, advisors, collectors, activists, auction houses, museums, fairs, biennials, and commercial galleries. Through these introductions, we will better understand how different forms of capital—social, cultural, and financial—are prerequisites to influence and power in an art market that is at once an economy of information and objects. With a focus on the present, but in the context of the last half century, readings will include texts from the point of view of economists, sociologists, artists, curators, critics, and historians. Students can expect to perform case studies on artists, particularly those who have achieved significant market success. Course work will vary, but typically include weekly reading responses, case studies, class presentations, and a final project or paper.

A master's thesis is required for completion of the master's degree in arts administration. The thesis should demonstrate a student's ability to design, justify, execute, evaluate, and present the results of original research or of a substantial project. In this class students work closely with an MAAAP program advisor, and meet frequently with other MAAAP participants in groups and in individual meetings. The thesis is presented, in both written and oral form, to a thesis committee for both initial and final approval. You must be a Master of Arts in Arts Administration and Policy student to enroll in this course.