Experts discuss Brazil's Art Market assets and perspectives
The intriguing art market sparks the curiosity of individuals of different interests and fields of study. To discuss this topic, the Center for Investment Studies (FGVInvest) of FGV’s Sao Paulo School of Economics (EESP) will host the event ‘Art Market: assets and perspectives’ on May 10. The meeting will be held in FGV’s 9 de Julho Main Hall (Rua Itapeva, 432 – 4th floor. Bela Vista, Sao Paulo/SP).
By combining the outlook of collectors and the market, the event will give an overview of the art market in Brazil, discussing its characteristics, perspectives, and different approaches to join this segment.
The subject will be addressed by art collector João Carlos de Figueiredo Ferraz, President of Fundação Bienal and founder and President of Instituto Figueiredo Ferraz; and Aloisio Cravo, official auctioneer in Sao Paulo with more than 35 years of experience in the Brazilian art market. FGVInvest’s Rafael Cravo will mediate the debate.
According to professor Paulo Tenani, Coordinator of FGVInvest, the global art market is worth USD 61 billion, with a growth rate of 15% last year and 360,000 workers. The market is undergoing a major revamp in its business model, with greater influence of technology and the higher leverage of auction houses and art fairs over art galleries.
“The art market has become so attractive that it has sparked the curiosity of several research centers of major economics schools around the world”, said Tenani. FGV has a study group that has been meeting fortnightly since 2016 to discuss the future of this particular market.
Go to the website to learn more and to register.