Art Basel in Basel&nbsp;2017, June 15

Public/Private | New Rules: Is the Artworld a Mature Industry?

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This talk addresses the rapidly changing business environment of art. Across the artworld, established but opaque ways of doing business are increasingly seen as a hindrance, not an advantage. Governments are eager to enact regulations, investment-minded collectors and analysts are pressing for greater transparency. Information is flowing more freely: It is no longer a question of whether data becomes available, but when, where, and on whose terms. The institutional sector is also under scrutiny, as funders demand accountability and clarity about the role of private interests. How will the artworld keep up with these developments? What can be done to modernize and professionalize the market without stifling its dynamism? What are the new rules of the art economy to follow? Lindsay Pollock, former Editor-in-Chief, Art in America, New York
Olav Velthuis, Professor, Department of Sociology at University of Amsterdam, and President, TIAMSA, Amsterdam
Adam Sheffer, Partner, Cheim & Read, and President, Art Dealers Association of America, New York
Pierre Valentin, Partner, Constantine Cannon LLP, London
Bob Rennie, Collector, Vancouver. Moderator: András Szántó, Author and Cultural Consultant, New York. 
Filmed on site at Art Basel in Basel 2017.