UM Star Lecture

Pownall, R. (Speaker)

Finance

Activity: Talk or presentation / Performance / Speeches › Talk or presentation - at conference › Academic

Description

The UM Star Lectures are a series of lectures for alumni and students taking place in 12 different cities and 4 countries simultaneously. This flagship event is organized to (re)connect with our alumni, share academic insights, experiences, bring back memories and to create an interconnected UM Alumni Community. (Held in Frankfurt)

Period	1 Feb 2018
Event title	UM Star Lectures
Event type	Conference
Degree of Recognition	International

Keywords

Finance Art Markets Global

Documents & Links

The art market is a $40 billion-dollar industry. Headline multi-million-dollar auction house sales typically grab the media’s attention. Yet, how do art prices generally move relative to the global economy and compared to other financial assets? It is of interest to understand how art prices move over time and by how much they appreciate. Do collectors consider the investment value of their artworks and the potential appreciation of art prices over time? Century old traditions of how auction houses operate, and art and antiques dealers facilitating sales, is facing change - being disrupted by the formation of art funds, the growth of the online market and new technologies such as blockchain. In her lecture, Rachel addresses these issues and the challenges facing the global art market. Moreover, recognising the intrinsic value from art and how an appreciation of this value can help us in society value the non-pecuniary aspects of goods and services.