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@artandfinanceum
PREMIUM Midterm presentation ✨ Here are some pictures from the midterm presentation in March! It was so exciting to hear about everyone’s progress and see how dedicated everyone is to their project. Stay tuned for more updates about our project!
Book recommendations
If you want to learn more about the art world and art philanthropy, you can check out these books!
Adam, G. The Rise and Rise of the Private Museum.
Collins, C. The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.
Karpik, J. Valuing the Unique: The Economics of Singularities.
Mazzucato, M. The Value of Everything: Making and Taking in the Global Economy.
Muniesa, F. & Birch, K. Assetization: Turning Things into Assts in Technoscientific Capitalism.
Reich, R. Just Giving: Why Phliantrophy is Failing Democracy and How it can do Better.
Walker, G. The Private Collector’s Museum: Public Good versus Private Gain.
What is our goal?
Art philanthropy might sound like a great thing: After all, the arts are a cultural good that everyone can benefit from... right? Yet, in its current state, the art market in the Netherlands is a legal grey area and opens the door to money laundering, tax avoidance, and tax evasion. Art appraisal has no clear standard, code of conduct or ethical guidelines. This can be abused by super-rich individuals as it allows an artwork to be valued at either a low value (to avoid taxes) or high value (to achieve the highest selling price).
Our project offers an insight into the workings of the art market, especially private museums and privately-owned foundations, to map out relevant stakeholders. This overview will allow the tax office to get a better understanding of the workings of the art world and help track further developments in the art world.
Every project needs a plan, having said that; here is our timetable.
We are currently contacting people we would like to interview for our case study and planning the interviews as well as doing reading on some interesting background information to inform our interview questions and shape our report.
We had a meeting with our PREMIUM supervisor yesterday where we discussed our goals and how we want to proceed with the project.
So far we have divided the work into two sub-groups, one focusing on the legal aspects and the other focusing on art appraisal.
I am Looking forward to sharing more details of our project with you!
-Maria
Meet Marie!
Meet Paul!
Meet Maria!
Meet Linus!
Meet Pia!