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Art is remarkably popular these days. When I tell people that I am an academic working on the art market I often get an approving nod of the head that almost makes me feel like I am doing something meaningful with my life. But one also starts suspecting that the art market may be becoming a bit overexposed when you hear opinions on the merits or sale price of a Leonardo painting while having your hair cut. There are few other markets, except for those relating to technology, that has grown so spectacularly over the last decades – not simply in terms of the actual size of the market, but in cultural prominence. Art has entered the realm of the collective unconscious, exhibiting a cross-generational pull that bodes well for its future. It is not simply that the superrich are lavishing millions on paintings – it is also the increasing attendance at museums worldwide that is pointing to a thriving economic sector. The Louvre has broached the mark of 10 million visitors per year, New York museums are charging $25 per ticket, yet the constant flow of visitors is showing no sign of abating.

I had firsthand experience of that combination of cultural edginess and a trending market when I offered a course at a business school on Aesthetics and Art History. I intentionally avoided any reference to the art market in designing the course, promising nothing more than an overview of the history of art in ten sessions, emphasizing the principles of formal aesthetic analysis. The unexpectedly high enrollment, the enthusiastic response of the students and unusually strong work ethic throughout the trimester made me think that I have stumbled upon something deeper than just extended course offer and bored students craving excitement. Many of them were destined for careers in banking but were remarkably open to the opportunity of discussing visual representation. Experiencing a sense of forbidden pleasure for exposing future bankers to the history of art, I marveled at the relative ease with which brains attuned to complex calculations switched to the analysis of visual patterns. The combination of finance and art that unfurled before my eyes was truly intriguing, with their appearing as more compatible than even I had imagined. More… “When Gekko Collects Art”

Stoyan V. Sgourev was born in Bulgaria, received his PhD in Sociology from Stanford University, and is currently Professor of Management at ESSEC Business School in Paris, where he teaches art management and art history. He has published on a wide range of topics, including creativity and innovation, art and the art market, social networks and economic history. He is an art collector and recently organized an exhibition of his collection of prints and drawings. Used to being the only business professor at art history conferences and the only art historian at business conferences.

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“I’ve organized a happy hour with a wonderful group of women friends who periodically gather to support each other and share ideas and food,” Lane’s email concluded. “I’m attaching an invite.”

Lane* is a fellow writer whom I’d met in grad school and always liked. It had been many months since we’d last communicated, and I welcomed her invitation.

I looked at the flyer. “This is a great time to envision and work towards common goals and individual life pursuits,” it read. “Let’s share some of our ideas and projects that we hope to accomplish or advance in this new, exciting, uncertain, life-affirming year ahead!”
More… “The Price of Friendship”

Kathryn Paulsen writes for stage and screen as well as page. Her essays, short stories, and poetry have appeared in the New York Times, West Branch, New Letters, et al., and may currently be read or are forthcoming in journals including Humber Literary Review, The Stinging Fly, and Saint Ann’s Review. She lives in New York City but, having grown up in an Air Force family, has roots in many places. See her occasional musings at ramblesandrevels.blogspot.com.

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