Overview

Join us online for the third edition of our popular course The Economics of the Art Market, as we investigate the relationship between art and finance in the post-pandemic global economy.

Whether buying as a passion or as investment, this course will help you understand the unique characteristics of art as an asset class and the risks and returns of the art market. You will also learn about how the art industry is being re-shaped by forces such as “digitalization” and “financialization”, and the opportunities arising from such transformation.

Conducted online over 4-Saturday mornings (Hong Kong Time), The Economics of the Art Market is led by New York-based art market expert Noah Kupferman. He is the Global Head of Business Development at Athena Art Finance, the world’s premier specialty finance art business. He has extensive experience both as a specialist in international auction houses and as a private and corporate banker. Noah frequently lectures on the intersection of commerce and fine art, having taught classes at New York University, Columbia University, Christie’s Education and Sotheby's Institute of art, among others. He has commented on the art market for The New York Times, The Far Eastern Economic Review, Grant's Interest Rate Observer, Art Info, Bloomberg and Art Market Monitor among others.

• Gain an overview of the most important aspects of the global art market and the latest developments since the pandemic;
• Understand value creation and determination in the art market, in particular with respect to assessing risk and return in art investment in the current market condition;
• Discover latest opportunities in the art market presented by financialization and digitalization.
  
   

Schedule

• Week 1
  The Art Market: A New Era Overview
  
  • Introduction to the Art Market
  • The Landscape and Structure of the Art Market Today

• Week 2
  Valuing Art Today
  
  • Art and Economics: Determinants of Value I
  • Art and Economics: Determinants of Value II

• Week 3
  Investing in Art Today
  
  • Art as an Asset Class: Risk and Return I
  • Art as an Asset Class: Risk and Return II

• Week 4
  Frontiers in the Art Market Today
  
  • The Financialization of Art: From Art Loans to Fractional Ownership
  • The Digitalization of Art: From Creating to Trading

*Schedule and topics are subject to change.

Speaker

Noah Kupferman
Global Head of Business Development, Athena Art Finance Corp.

Noah Kupferman brings unique perspective to his career in Art Finance, Art Business Education, Business Development, Wealth Advisory and High Net-Worth Relationship Management. Noah currently is the Global Head of Business Development at Athena Art Finance - the premier specialty finance art business in the market today. Prior to his current role, Noah was the Director of the Art Law and Business Program at Christie's Education. His previous roles at Christie's include Head of Secured Art Lending and Co-Head of Chinese Works of Art in New York. Noah also served as Managing Director of Shapiro Auctions, a boutique fine and decorative art auction house in New York City. Prior to his work at Christie's, Noah was a Private Banker at US Trust, Bank of America Private Wealth Management where he managed comprehensive wealth planning and banking solutions for his clients. Noah also spent time at Merrill Lynch as a Wealth Planner and Financial Advisor structuring investment portfolios for his clients. Noah began his career at Sotheby's where he trained as a fine art specialist with a specialization on Chinese Paintings and Calligraphy. With a successful career in Education, Finance, Fine Art Business, and Banking, Noah offers uncommon ability to create and foster relationships and drive the development of new business opportunities.

Noah has lectured extensively on the intersection of Commerce and Fine Art. He has lectured and taught classes on the topics of Fine Art Business and Art as an Asset Class at Christie's, New York University, Columbia University, Brandeis University and The Sotheby's Institute among others.

Whether you are looking to develop strategies in Art Finance, Education, Fine Art Business, Wealth Management or a combination of these three very interesting worlds, Noah's perspective will help you to gain insight and move closer to achieving your professional goals.