Art World Outsider
Join me as I navigate grad school at 50-something! Shifting tides in my career as an actor have nudged me to find out what else can be on the horizon for me. So, I am pursuing my Master's in Art Business at Sotheby's Institute of Art to find out.
I love galavanting through a museum, but when it comes to exploring an art gallery or the art fair, I have always felt like it was beyond me, or like I was an outsider. So, I decided to go study the business of the art world so I could find my way in.
I'll be sharing my experiences learning about the art world. This first season, I am going to explore and review my time in class and out of class studying for these classes: Research and Valuation, Art Finance, and Navigating the Art World.
Art World Outsider
Put A Number On It...Fair Market Value?!
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Learning to put a Fair Market Value on a piece of art has fried my brain, but it's finally starting to make sense.
I know how to write an appraisal report for a piece of art. I mean, for real. When I first started my coursework at Setheby's Institute of Art, this particular class, along with my art finance, but this particular class, the valuation and research, I was prostrated. I felt in that. I had to remind myself you're learning something. You are not meant to know how to do it. You're learning. So there were lots of reminders of what it is to be a student. And I really had to reflect. And then it allowed me to have even more empathy for my students when I'm teaching them and helping them with their language skills and their reading or their writing. But I am kind of over the moon, excited, just thrilled. I'm working on my final appraisal report for a work of art. I've selected the artist Alice Neal, who was prolific painter of the 20th century, self-described collector of souls. I would characterize her as a documentarian of the times. You can see the face of New York over the decades through her lens, through her hand. But I came here to say. That part kind of still eludes me, but I'm just looking at the numbers and crunching them and putting a value on it. I'm taking the average of three works of hers that came to market, and based on their performance, so there you have it.