I Seminário Acadêmico de Economia do Mercado da Arte FGV EESP/FGVInvest

Call for Papers

I Academic Seminar on Economics of the Art Market – FGV EESP - FGV Invest

The I Academic Seminar on Economics of the Art Market - EESP FGV Invest, organized by FGV Invest of the São Paulo School of Economics at Fundação Getulio Vargas, will take place on September 21, 2023, at the premises of the Fundação Getulio Vargas in São Paulo - Capital. This seminar aims to provide a discussion platform for academics, researchers, and professionals in the art market, promoting and disseminating scientific and applied research related to the economy of the art market.

Target Audience

The seminar aims to attract the public of bachelors, masters, doctoral students, post-doctoral students, researchers, teachers, professionals, and policymakers in the areas of economics, business administration, public administration, art, art history, law, sociology, psychology, and other related fields, whose object of study is the art market from an economic point of view.

Economics of Art and FGV Invest

The Economics of Art belongs to the field of Economics of Culture and has been studied globally since the 1980s. This field examines the economic data on the creation, distribution, and consumption of works of art, literature, and similar creative products. It analyzes the behavior of producers, buyers, governments, distributors, investors, and other agents in the art market, as well as the inclusion of this asset class in diversified investment portfolios. The study of the art market is distinct from the Cultural Industry, which includes cinema, television, and mass publications in general.

The core of the Art Economy sector comprises the visual arts, performing arts, and the heritage and cultural heritage sector, such as museums and libraries. It is from this nucleus that ideas and content originate which are later disseminated in society through the cultural industry.

The FGV Invest Art Market Economics Study Group has been convening at the FGV Invest Center of the São Paulo School of Economics, of the Fundação Getulio Vargas, since August 2016, consisting of both researchers and art enthusiasts. The purpose of this group is to scrutinize academic texts, books, reports, and publications that center on the economics of the art market, as well as the function of aesthetics and the arts within the economy. The study group comprises members from art circulation and information hubs, including galleries, auctions, art exhibition venues, among others, as well as art collectors, researchers, and those interested in the art market, with a primary focus on FGV professors and students at the bachelors, masters, and doctoral levels. Additionally, FGV interns participate in the group during vacation months.

The study group further supported and engaged in various initiatives, which encompassed the publication of concise research papers in the FGV Invest website, as well as working papers that were featured in the FGV EESP website and articles published in distinguished international journals. Moreover, the study group took part in webinars organized by the FGV and other institutions, as well as in the creation of master's and doctoral theses. The group also produced a report concerning art galleries in the Brazilian market and played a significant role in the development of academic courses such as “Economics of the Art Market” and “Topics of the Art Market,” which were offered in both the undergraduate and MBA programs in Economics at FGV EESP, targeting both students and the general public. Furthermore, the study group established a Technical Cooperation Agreement with the São Paulo Museum of Modern Art.

Instructions for the Submission of the Work Summary

The authors must send a summary of their empirical or theoretical work, in WORD or PDF format, with their CV, to the email seminariofgvinvest@fgv.br by 11:59 PM on June 30, 2023. The abstract of the work should not exceed 1,000 words and its structure should include the objective, methodology, and main results obtained or expected. The abstract must also include the title, name(s) and surname(s) of the author(s), related institution (University, Institute, Research Center, public or private organization, etc.), address, city, country, e-mail, and subject in which the research is inserted. The abstract can be written in Portuguese, English, or Spanish.

All abstracts will undergo a rigorous peer-review process to ensure the highest quality and relevance to the seminar theme.

Instructions for the Submission of the Final Work

Final articles must be of the author's own creation, original, and recent, in WORD or PDF. The text should not exceed 10,000 words, including references, figures, and tables. The article must follow ABNT standards with Arial 12 font and 1.5 spacing. The final works must be submitted to the email seminariofgvinvest@fgv.br.

Deadlines:

Submission of work summaries in WORD or PDF: until 06/30/2023

Notification of accepted works: until 07/30/2023

Submission of final works in WORD or PDF: until 08/30/2023

Submission of PowerPoint presentations: until 08/30/2023

Seminar: September 21, 2023

Registration for the event: 06/01/2023 to 08/30/2023

Possible topics (not limited to these):

• The role of art as an asset class in a diversified investment portfolio
• Behavioral economics applied to the art market
• Analysis of art market facts and figures
• The impact of political and economic incentives on artistic innovation, market, and institutions
• Law as a creator of possibilities and promotion of the art market
• The dynamics of art markets, including pricing, auctions, and investments
• The role of cultural institutions in promoting the art market and cultural heritage
• The social and economic value of art, including its contribution to human well-being, community development, and social justice
• The challenges and opportunities of digitization and globalization for art and its markets
• The economic relationship between art and other industries
• The relationship between art markets and the evolution of art history
• The impact of socioeconomic aspects and institutional factors on artistic innovations
• Art supply and demand in different periods and places
• The pricing of art and artists' careers
• Market failures in the art economy: imperfect competition, asymmetric information, externalities, and/or public goods
• Art pricing and informational efficiency
• Impact of laws and regulations on the art market
• The economics of art creation, art trading, and art collecting
• Financial and contractual aspects between artists and patrons
• Quantitative approaches to art historical issues
• Local or regional aspects in the development and structure of the Brazilian art market
• Finance in art
• Impact of authenticity on the value of the artwork
• Financing of museums and artistic institutions
• Effects of globalization on the Brazilian art market
• Market development, internationalization, and exports of Brazilian art
• Art market agents, the system, and the Brazilian art market
• Impact of economic, political, and health crises on the art market
• Impacts of wars on the art market

Questions:

For further questions and clarifications, please contact us by e-mail at seminariofgvinvest@fgv.br

Scientific Commission:

Ana Luiza Vieira Santos

Ana Paula Moreno

Denise Menconi

Jairo Laser Procianoy

José Vidal Bellinetti

Katya Hochleitner

Laura Brunello

Martin Rahal

Paulo Sergio Tenani

Thierry Chemalle