For Love or for Money – TEFAF Art Symposium 2012

by Esfand Khoram

The European Fine Art Fair (TEFAF) is an annual art fair held in Maastricht, Netherlands. The fair is celebrating its 25th anniversary this year from 16th to 25th of March.  (Take a peek at Artinfo‘s selection of works from TEFAF and read NYT‘s review ).

During TEFAF an Art Symposium was held, the subject of which was the developments in the art market over the last 25 years. You can watch the video of the symposium below if you are interested in some professional insights from the art market.

The video is about two hours long and it starts with Dr. Clare McAndrew, tracking the progress of the market over the past 25 years, charting the main trends from the late 1980s to the present and then continues with Prof. Rachel Pownall’s talk on “Emotional Value and Art Investment” which has a lot in common with my  dissertation “Mood Effects on Bidding Behavior in Auctions” so if the subject is of your interest you can also download and read my dissertation from this link (PDF file). The talk is followed by Fabian Bocart’s discussion on the financial risks and rewards of investments in art (Which was Fiance 101 for art market, nothing new but interesting if you are new to this subject). The video continues to panel discussion with figures from different sectors of the art market and is concluded by Jan Dalley, Arts Editor Financial Times, Enjoy.