Dalloul Art Foundation: Immersing Students in the world of Art Economics
The Dalloul Art Foundation recently organised an immersive workshop to educate students about the intricacies of art economics, Titled: “IC, the art economy and how it works”. Through this initiative, Wafa Roz provides the students with invaluable insights into pricing, valuation, trends, and the complexities of buying and selling artwork.
The program focused on understanding the factors that contribute to the value and pricing of artwork. Students learned about art valuation methodologies, considering aspects such as an artist’s reputation, historical significance, medium, and recent auction results. They also explored the latest trends and how cultural shifts, emerging artists, technology, and global events can influence the demand and popularity of artwork.
A key aspect of the program was examining the relationships between artists, collectors, galleries, and auction houses. Students gained insights into the roles played by each stakeholder in the art market ecosystem, including challenges they face and strategies employed. This knowledge enabled students to develop a comprehensive understanding of building relationships, negotiating contracts, and adapting to the ever-evolving dynamics of the art world.