This conference takes an interdisciplinary approach to understanding art and the market for aesthetic experience. We include papers in the field of psychology, sociology, art history, economics, marketing and finance. On the first day of the conference there will be two sessions on psychology, neuroscience and behavior, and a session on the history of collecting and taste. The sessions on the second day will deal with the history of the art market, the market demand for artistic creativity, and the returns to art investment. We will have public panels Friday and Saturday featuring major artists and critics whose work or writing address the relation between art and mind and art and markets.
William Goetzmann, Yale School of Management
George Newman, Yale School of Management
Darius Spieth, Louisiana State University
Christophe Spaenjers, HEC Paris
Register: Conference registration is full. Please email email@example.com to be placed on the waitlist.
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Fabien AccominottiPhD Candidate, Columbia University
Fabien Accominotti is a Ph.D. candidate in the Department of Sociology at Columbia University, and a fellow at INCITE. Having completed a Ph.D. at the École des Hautes Études en Sciences Sociales in 2010, he is now working to finish his Ph.D. at Columbia. His research interests are in economic sociology, the sociology of culture, historical sociology, social networks, and the study of status and inequality. His EHESS dissertation explored the social organization of the market for modern painting in Paris between 1870 and 1930, and showed how this organization affected the creativity of artists, their economic value, and the inequalities of success between them. This work is currently being turned into a book, to be published by Princeton University Press. Fabien’s dissertation at Columbia further examines how collaborations influence the careers of artists in three creative industries, and how individuals manage these collaborations as relational resources that help them navigate uncertain economic environments.
Graham W.J. BealDirector, Detroit Institute of Arts
Graham Beal, a native of Great Britain, was born in Stratford-on-Avon and grew up near Hastings on the south coast of England. He has degrees in English and Art History from the University of Manchester and the Courtauld Institute of History of Art of the University of London. After commencing his museum career at Sheffield City Art Galleries, he moved to the U.S. in 1973, working for one year at the University of South Dakota before moving on to Washington University in St. Louis as Art Gallery Director. In 1977 Mr. Beal became Curator at Walker Art Center in Minneapolis, and subsequently became Chief Curator, working there until 1983 when he returned to England for a couple of years (1983/4) to be the Director of the Sainsbury Centre for Visual Arts at the University of East Anglia. He returned to the U.S. to take the position of Chief Curator at the San Francisco Museum of Modern Art which he left in 1989 to become the Director of Joslyn Art Museum in Omaha, Nebraska. He was Director of the Los Angeles County Museum of Art from 1996 to 1999, when he became Director of the Detroit Institute of Arts. Graham Beal has organized over 40 exhibitions, many of which have toured nationally. His publications include books on the American artist, Jim Dine, on contemporary British sculpture and on the history of American painting. He has served on numerous panels for the national Endowments of the Arts and the Humanities, and was a member of the Federal Advisory Committee on International Exhibitions from 1991 – 1995. Mr. Beal was a Trustee of the Association of Art Museum Directors and Chair of the AAMD’s Art Issues committee from 2002-5 and a Trustee of the American Association of Museums from 2003-6. He was awarded an honorary doctorate by the College for Creative Studies in 2008. Mr. Beal’s wife, Dr. Nancy Andrews, is a Scientist with the Environmental Protection Agency in Washington DC
Paul BloomProfessor, Yale University
Paul Bloom is the Brooks and Suzanne Ragen Professor of Psychology at Yale University. His research explores how children and adults understand the physical and social world, with special focus on morality, religion, fiction, and art. He has won numerous awards for his research and teaching. He is past-president of the Society for Philosophy and Psychology, and co-editor of Behavioral and Brain Sciences, one of the major journals in the field. Dr. Bloom has written for scientific journals such as Nature and Science, and for popular outlets such as The New York Times, The Guardian, The New Yorker, and The Atlantic Monthly. He is the author or editor of six books, including Just Babies: The Origins of Good and Evil.
Stephen BrownProfessor, New York University
Stephen Brown is the David S. Loeb Chair of Finance at New York University Stern School of Business. Professor Brown teaches courses in financial markets, financial economics and investment philosophies in real estate. Professor Brown has been with NYU Stern since 1986. His primary research areas of interest include hedge funds, mutual funds, Japanese equity markets, empirical finance and asset allocation and investment management. Professor Brown has written numerous articles that have appeared in publications including Journal of Finance, Econometrica, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis and Journal of Business. He is the author of five books, two of which have been translated into Japanese. In addition to his research, Professor Brown has been recognized for his excellence in teaching and received the NYU Stern Excellence in Teaching Award in 2000. Professor Brown received his Bachelor of Economics from Monash University in Australia and his Master of Business Administration and Doctor of Philosophy in finance from the University of Chicago.
Anjan ChatterjeeProfessor, University of Pennsylvania
Anjan Chatterjee is a Professor and Chief of Cognitive Neurology, and a member of the Center for Cognitive Neuroscience, and the Center for Neuroscience and Society at the University of Pennsylvania. He received his BA in Philosophy from Haverford College and MD from the University of Pennsylvania. His clinical practice focuses on patients with cognitive disorders. His research focuses on spatial cognition and language, attention, neuroethics, and neuroaesthetics. He wrote The Aesthetic Brain: How we evolved to desire beauty and enjoy art and co-edited: Neuroethics in Practice: Mind, Medicine, and Society, and The Roots of Cognitive Neuroscience: behavioral neurology and neuropsychology. He is on the editorial boards of: Cognitive and Behavioral Neurology, Behavioural Neurology, Neuropsychology, Journal of Cognitive Neuroscience, Journal of the International Neuropsychological Society, European Neurology, Empirical Studies of the Arts. American Journal of Bioethics: Neuroscience, and Policy Studies in Ethics, Law and Technology. He was awarded the 2002 Norman Geschwind Prize in Behavioral and Cognitive Neurology by the American Academy of Neurology. He is a founding member of the Board of Governors of the Neuroethics Society, the President of the International Association of Empirical Aesthetics, and the President of the Behavioral and Cognitive Neurology Society. He is on the Board of Haverford College, the Associated Services for the Blind and Visually Impaired, and Universal Promise.
Marjorie B. CohnCurator of Prints, Emerita, Harvard Art Museums
Marjorie B. Cohn is the Carl A. Weyerhaeuser Curator of Prints, Emerita, at the Harvard Art Museums. Her scholarly specialties include the history of collecting, and her books include Francis Calley Gray and Art Collecting for America (1986), Lois Orswell, David Smith, and Modern Art (2002), and Classic Modern: The Art Worlds of Joseph Pulitzer Jr. (2012)
Jeffrey DeitchArt Advisor
Jeffrey Deitch is a dealer in modern and contemporary art and an art advisor to private and institutional art collectors. He is also an art writer and exhibition organizer. Prior to opening his own art advisory firm in 1988, Mr. Deitch was a Vice President of Citibank where he spent nine years developing and managing the bank’s art advisory and art finance businesses. Before joining Citibank, he was the Assistant Director of the John Weber Gallery in New York and then the Curator of the De Cordova Museum in Lincoln, Massachusetts. Deitch is a 1974 graduate of Wesleyan University, and was a member of its Board of Trustees from 1982-85. He received an M.B.A. from Harvard Business School in 1978. Deitch has been active as an art critic and exhibition curator since the mid- 1970s. He has contributed to Arts, Art in America, Artforum, and numerous other publications, and served as the first American Editor of Flash Art. He received an Art Critic’s Fellowship from the National Endowment for the Arts in 1979. He has written numerous catalogue essays including projects for the Museum of Modern Art of the City of Paris, the Stedelijk Museum, Amsterdam, and the Whitney Museum, New York. His essay The Art Industry was included in the catalogue for the Metropolis, exhibition at the Martin-Gropius-Bau, Berlin in 1991. Deitch’s first important curatorial project was Lives , a 1975 exhibition about artists who used their own lives as an art medium. It was presented in a vacant office building in Tribeca. He has curated several exhibitions of contemporary art for the Deste Foundation in Athens including Cultural Geometry in 1988, Artificial Nature in 1990, EverythingThat’s Interesting Is New in 1996, and Fractured Figure in 2007. He was a member of the curatorial team for the Deste Foundation’s Monument to Now exhibition in 2004. He curated the exhibition Strange Abstraction for the Touko Museum in Tokyo in 1991. His most ambitious exhibition was Post Human , which opened at the FAE Musée d’Art Contemporain in Lausanne in June 1992, and travelled to the Castello di Rivoli in Torino, the Deste Foundation in Athens, the Deichtorhallen in Hamburg, and the Israel Museum in Jerusalem. He also curated one of the sections of Aperto at the 1993 Venice Biennale. In 2001, he curated Form Follows Fiction at the Castello di Rivoli, Torino. Deitch opened a public gallery, Deitch Projects, in 1996, which has produced more than two hundred projects by contemporary artists. Jeffrey Deitch Inc. is a member of the Art Dealers Association of America.
Elroy DimsonProfessor, London Business School and Cambridge Judge Business School
Elroy Dimson co-directs the Centre for Endowment Asset Management at Cambridge Judge Business School, chairs the Strategy Council for the Norwegian Government Pension Fund, chairs the Policy Committee for FTSE Group, and is Emeritus Professor of Finance at London Business School. His publications include Triumph of the Optimists, Endowment Asset Management, and the Global Investment Returns Yearbook. He has been an Associate Editor of Journal of Finance, Review of Finance and other journals. A co-designer of the FTSE 100 index, Elroy chairs FTSE’s advisory board and serves on the Financial Analysts Journal board. He is on the investment committees of Guy’s & St Thomas’ Charity and the Foundation for Social Entrepreneurs. He is past president of the European Finance Association, and Honorary Fellow of the CFA Society of the UK (FSIP) and of the Institute of Actuaries. He recently received the CFA Institute’s James Vertin award, the Moskowitz prize, and the Bernstein Fabozzi/Jacobs Levy award.
Jonathan FeinsteinProfessor, Yale School of Management
Jonathan Feinstein is interested in creativity and innovation, and the paths of creative development of creative individuals, including entrepreneurs, inventors, artists and scientists. He is the author of The Nature of Creative Development (Stanford University Press, 2006). His class The Practice and Management of Creativity & Innovation was featured in the BusinessWeek Online article, "Creativity Comes to B-Schools" in the spring of 2006. His current work focuses on formal models of creativity and the development of creative fields, linking economics with knowledge representation. He is also interested in creativity in the field of education. In addition to his class on creativity & innovation, Professor Feinstein teaches the electives Public Sector Economics and Statistical Modeling and runs the math bootcamp for incoming students. Professor Feinstein is an expert in the field of tax compliance and the analysis of audit and detection processes, and has written with Professor Ed Kaplan on counter-terrorism. He is also a director of the Yale Center for Business and the Environment.
William GoetzmannProfessor, Yale School of Management
Professor Goetzmann is an expert on a diverse range of investments, including stocks, mutual funds, real estate, and paintings. His research topics include forecasting stock markets, selecting mutual fund managers, housing as investment, and the risk and return of art. Professor Goetzmann's work has been featured in the Wall Street Journal, the New York Times, Business Week, the Economist, Forbes, and Art and Auction. Professor Goetzmann has a background in arts and media management. As a documentary filmmaker, he has written and co-produced programs for Nova and the American Masters series, including a profile of artist Thomas Eakins. A former director of Denver's Museum of Western Art, Professor Goetzmann co-authored The Origins of Value: The Financial Innovations that Created Modern Capital Markets.
Dena GoodmanProfessor, University of Michigan
Dena Goodman is Lila Miller Collegiate Professor of History and Women's Studies at the University of Michigan and co-director of The Encyclopedia of Diderot and D'Alembert Collaborative Translation Project. Her research centers on the cultural history of early modern France, with particular interests in the Enlightenment, women and gender, material culture, writing, and sociability She has received fellowships from the Guggenheim Foundation, the Camargo Foundation, the Mellon Foundation, and the Voltaire Foundation. Her publications include The Republic of Letters: A Cultural History of the French Enlightenment (1994) and Becoming a Woman in the Age of Letters (2009). She has also edited or co-edited several volumes, including Marie-Antoinette: Writings on the Body of the Queen (2003) and (with Kathryn Norberg) Furnishing the Eighteenth Century: What Furniture Can Tell Us about the European and American Past (2006). She is currently engaged in a study of the Silvestre family, whose art collection, developed over the course of several generations, was the oldest private collection in France when it was sold in 1811.
Eric GreenleafProfessor, New York University
Eric A. Greenleaf is a professor of marketing at New York University Stern School of Business. Professor Greenleaf presently teaches the undergraduate core marketing course and has also taught marketing research, new product development, pricing strategies, and doctoral seminars in response and context effects in surveys. Professor Greenleaf has been with NYU Stern for more than 20 years. His primary research areas include consumer perceptions of prices, why consumers delay making purchase decisions, economics of the art market and auctions, and marketing research and survey methods. Professor Greenleaf has been published in numerous journals including Journal of Consumer Research, Journal of Marketing Research, Journal of Marketing, Management Science, Marketing Letters, Marketing Science, and Public Opinion Quarterly. He was a winner of a competition on behavioral pricing sponsored by the Marketing Science Institute, and is one of a team of NYU faculty in Psychology and Marketing awarded a large grant from the National Insitute of Health to study the impact of public service ads using market research and neuroscience. Professor Greenleaf has also been involved in forecasting school enrollments in Manhattan to help relieve school overcrowding and successfully make the case for new schools. Before joining NYU Stern, Professor Greenleaf was an assistant professor of marketing at the Yale School of Management. He has been a visiting assistant professor at Columbia University, a visiting associate professor at Wharton, and a visiting scholar at the Haas School. Professor Greenleaf received his Bachelor of Science in town planning and design from University of New Hampshire and his M.B.A. and Ph.D. in marketing from Columbia University.
Henrik HagtvedtAssistant Professor, Boston College
Henrik Hagtvedt is an Assistant Professor of Marketing at Boston College. His primary research interests are in experiential consumer behavior, including art, aesthetics, and luxury, and his research has appeared in Journal of Marketing Research, Journal of Marketing, Journal of Consumer Research, Journal of Consumer Psychology, Journal of the Academy of Marketing Science, International Journal of Research in Marketing, NeuroImage, Personality and Social Psychology Bulletin, Psychology & Marketing, and Empirical Studies of the Arts. Prior to his doctoral studies, Dr. Hagtvedt studied painting at the Academy of Fine Arts in Florence, Italy, and he worked full time as an artist and exhibited internationally for several years. During these years, he had more than 25 major exhibitions in Europe and Asia. Additionally, he completed a Cand. Mag. degree in art history at the University of Oslo, Norway, before completing an MBA (Marketing) and PhD in Business Administration (Marketing) at the University of Georgia. The initial art-related experiences sparked his interest in marketing and consumer behavior, and today this background still contributes to his research and areas of expertise.
Bruce HoodProfessor, University of Bristol
Bruce Hood is the Director of the Bristol Cognitive Development Centre in the Experimental Psychology Department at the University of Bristol. He undertook his Ph.D. at Cambridge University followed by appointments at University College London, MIT and a faculty professor at Harvard. He has been awarded an Alfred Sloan Fellowship in neuroscience, the Young Investigator Award from the International Society of Infancy Researchers, the Robert Fantz memorial award and the 2014 Award for Media and Public Engagement by the British Psychological Society. He is a Fellow of the American Psychological Society, the Royal Institution of Great Britain, the Society of Biology and the British Psychological Society. He is the 2014 president of the British Association for Science psychology section. Bruce Hood’s research on development of mind and brain has been the basis of numerous public lectures, appearances in the media and three popular science books. In 2011, he gave the Royal Institution Christmas Lectures that were broadcast on the BBC.
Noah HorowitzFaculty, Sotheby's Institute of Art; Executive Director, The Armory Show
Noah Horowitz is an art historian and expert on the international art market. He is author of Art of the Deal: Contemporary Art in a Global Financial Market (Princeton University Press, 2011), and has contributed to publications on art and economics for a wide range of cultural institutions and media outlets including the Serpentine Gallery, London, the United Kingdom’s Intellectual Property Office, The New York Times, Bloomberg News, The Art Newspaper, and others. He received his PhD from the Courtauld Institute of Art, London, and formerly served as director of the inaugural VIP Art Fair. Horowitz currently lives in New York, where he is a member of the faculty of the Sotheby’s Institute of Art and Executive Director of The Armory Show.
Roman KräusslAssociate Professor, Luxembourg School of Finance
Dr. Roman Kräussl is Associate Professor at the Luxembourg School of Finance. He studied Economics at the University of Bielefeld and got his PhD in Financial Economics at the Center for Financial Studies (CFS) at Goethe-University Frankfurt/Main. As Head of Quantitative Research at Cognitrend GmbH, a spin-off from Deutsche Bank specialized in behavioural finance and the development of mathematical trading models, he was closely involved with the financial industry. Dr. Kräussl also holds a position as adjunct Associate Professor at Goizueta Business School, Emory University, Atlanta, and is research fellow at the CFS and at the Emory Center for Alternative Investments (CAI). His research focuses on Alternative Investments and Behavioral Finance. He established the website www.art-finance.com, where he publishes some of his recent work on art as an alternative asset class, and is contributing editor at Art+Auction and author of its monthly Databank column. He has taught numerous MBA courses at the Amsterdam School of Finance and Goizueta Business School, among others.
Stefano LovoProfessor, HEC Paris
Stefano Lovo received his Ph.D. in 2000 from CORE (Université Catholique de Louvain). He is a member of GREGHEC (CNRS). His research focuses on information economics and its applications to financial markets and corporate finance. He has worked on various topics such as asymmetry of information among market-makers, inter-corporate asset sales, repeated games, market herd behavior, multi-unit auctions. His work is published or is in academic journals such as Econometrica, The Review of Economic Studies, Review of Financial Studies, among others.
Ben MandelEconomist, Citi Research
Benjamin R. Mandel is an economist at Citi Research. His research focuses primarily on the effects of the global economy on the United States. Prior to joining Citi, Ben was an economist in the International Research group at the New York Fed, where he covered the Japanese economy, and an economist in the International Finance division at the Federal Reserve Board, focusing on U.S. international trade. Ben’s academic research has been published in leading peer-reviewed journals including the American Economic Review, American Economic Journal: Macroeconomics, American Economic Journal: Economic Policy, Journal of Economic Perspectives and Handbook of the Economics of Art and Culture. His scholarly work pertaining to art markets includes research on art as an investment, international trade in fine art and the globalization of Chinese art. Ben holds a B.Sc. in Applied Economics from Cornell University and a Ph.D. in Economics from UC Davis.
Andrew MetrickDeputy Dean, Yale School of Management
Andrew Metrick joined the Yale School of Management in 2008 as a professor of finance. He has previously held faculty positions in the finance department at Wharton and the economics department at Harvard. In the 2009-2010 academic year, he was on leave working for the Council of Economic Advisers. Professor Metrick’s current research and teaching is focused on financial stability, including the regulation of systemic risk, the activities of complex financial institutions, and the causes and consequences of the financial crisis of 2007-2009. His past work has been in financial intermediation more generally, with a focus on investment management and corporate governance. Metrick has been honored with more than a dozen teaching awards and distinctions, including two years (2003 and 2007) as the highest-rated professor in the Wharton MBA program. In 1998, he received the highest teaching honor at Harvard College, the Joseph R. Levenson Memorial Teaching Award, and in 2005, he received the highest teaching honor at the University of Pennsylvania, the Lindback Award.
George NewmanAssistant Professor, Yale School of Management
George Newman is interested in the application of basic cognitive processes, such as categorization and causal reasoning, to consumer behavior. Currently, his research examines the psychological processes underlying our concepts of authenticity and authentic "originals" in the domains of art, celebrity possessions, and consumer products. He is also interested in pro-social behaviors such as charitable giving and purchasing environmentally-friendly products, and how consumers may balance their desires to “do good” with desires to maximize the efficiency of their donations or purchases. Newman has published work on essentialism, perceptions of animacy, children’s conceptual development, causal reasoning, and identity continuity.
Kim OosterlinckProfessor, Université Libre de Bruxelles
Professor Kim Oosterlinck holds a M.Sc. in Management, a Master in Art History and Archaeology, and a Ph.D. in Economics and Management from the Université libre de Bruxelles. After a post-doctoral stay at Rutgers University (the State University of New Jersey) he became professor at the Université libre de Bruxelles. From September 2006 to February 2011 he was in charge of a Master in management of cultural institutions. In the framework of this position he taught various courses dedicated to the economics of arts and culture and management of cultural institutions. In January 2011 he took over a chair in Finance at the SBS-EM. His main research interests are sovereign bond valuation, financial history and art market investments. Kim Oosterlinck has published in several academic journals such as, among others, the American Economic Review (Papers and Proceedings), Explorations in Economic History, the Journal of Economic History, the Journal of Monetary Economics or the Review of Finance. He currently sits on the editorial boards of Bankers Markets and Investors, Cliometrica and the Financial History Review.
Cynthia Saltzman has degrees in art history from Harvard University and the University of California at Berkeley, and an MBA from Stanford University. A former reporter for Forbes and The Wall Street Journal, she is the author of Portrait of Dr. Gachet: The Story of a van Gogh Masterpiece (1998) and Old Masters, New World: America's Raid on Europe's Great Pictures (2008). In 2013, she edited a selection of van Gogh’s letters (Vincent van Gogh Lettere), published by Einaudi in Italy.
Christophe SpaenjersAssistant Professor, HEC Paris
Christophe Spaenjers is an Assistant Professor of Finance at HEC Paris. He received his PhD from Tilburg University in 2011. His research interests include alternative investments, investor behavior, international finance, and financial history. He has published in journals such as the Journal of Financial Economics, American Economic Review (Papers and Proceedings), and Management Science. He teaches in the MBA programs at HEC Paris.
Darius SpiethAssociate Professor, Louisiana State University
Prior to joining the Art History faculty at LSU in 2003, Professor Spieth served as Philip and Lynn Straus Curatorial Fellow at the Fogg Art Museum (Harvard University), and worked for a commercial gallery dealing in Russian avant-garde art domiciled in Cologne, Germany, and Zug, Switzerland. A specialist in early modernism, Professor Spieth focuses in his scholarship on the interrelationships between art, intellectual history, and economics. Besides Prints from the Serenissima: Connoisseurship and the Graphic Arts in Eighteenth-Century Venice, an exhibition catalog written for the Fogg, he has published Napoleon’s Sorcerers: The Sophisians (University of Delaware Press, 2007), which explores the Masonic contexts for the revived Isis cult in Napoleonic France. Recently completed book chapters and articles include: “Giandomenico Tiepolo’s Il mondo nuovo: Peepshows and the Politics of Nostalgia,” “The French Context of The Great Mirror of Folly: John Law, Rococo Culture, and the Riches of the New World,” “How Did Japanese Investments Influence Art Prices?” (with Takato Hiraki, Akitoshi Ito, and Naoya Takezawa). Professor Spieth’s current research investigates Netherlandish Golden Age Art in Revolutionary Paris: A History of Old Masters, Finance, and the Rise of the Bourgeoisie.
Robert StorrDean, Yale University Art School
Robert Storr is Professor of painting/printmaking and Dean of the School of Art at Yale University. He was Curator and then Senior Curator in the Department of Painting and Sculpture at the Museum of Modern Art, New York, from 1990 to 2002, where he organized monographic exhibitions on Chuck Close, Elizabeth Murray, Gerhard Richter, Max Beckmann, Tony Smith, and Robert Ryman, as well as many group shows starting with “Dislocations.” In addition Storr coordinated the Projects series from 1990 to 2000. In 2002 he was named the first Rosalie Solow Professor of Modern Art at the Institute of Fine Arts, New York University a position he held until 2006. He was the Director of the 2007 Venice Biennale, the first American born curator to be named to that post, and from 2005 to 2011 he was Consulting Curator of Modern and Contemporary Art at the Philadelphia Museum of Art. He has been a contributing editor at Art in America since 1981 and writes frequently for Artforum, Parkett, Art Press (Paris), and Frieze (London) and Corriere della Serra (Milan.) He has written numerous catalogs, articles, and books, including Philip Guston (New York, 1986), Cage: 6 Paintings by Gerhard Richter (2009,) “’September’ a History Painting by Gerhard Richter (2010) and the forthcoming Intimate Geometries: The Work and Life of Louise Bourgeois.
Hans van MiegroetProfessor, Duke University
Hans J. Van Miegroet is professor and Chair of the Department of Art, Art History & Visual Studies at Duke University. He also heads the Duke University Media Arts + Sciences (MA+S), which received a major institutional grant from the Andrew W. Mellon Foundation in 2013 and the Duke Art, Law and Markets Initiative (DALMI). RESEARCH INTERESTS: He was trained at the Higher Institute for Art History and Archaeology of the University of Ghent (Belgium) and received his Ph.D. at the University of California, Santa Barbara. He is engaged in exploring Art History and Visual & Media Studies at the interface of the humanities, social sciences, law and the sciences. He has published extensively on emerging art markets and has adopted a scientific collaborative model to conducting research on emerging Art Markets, past and present, legal questions related to the production and reproduction of paintings and the interface between art and commercial pursuits. This approach has made it possible to create, and sustain, a variety of new research strategies and modes of interpretation, attractive to museum professionals as well as to scholars and students from the humanities, law, natural sciences and the social sciences. His publications co-‐authored with Neil De Marchi include: Mapping Markets for Paintings in Early Modern Europe 1450-‐1750 (2006); “History of Art Markets,” in: Victor Ginsburgh and David Throsby (eds.), Handbook on the Economics of Art and Culture, Elsevier Science, Amsterdam-‐London-‐Tokyo, 2006; “Comment les tableaux des anciens Pays-‐Bas ont envahi le marché Parisien -‐ How Netherlandish Paintings came to Paris,” Musée Marmottan, Paris 2012; and “A dealer ring to control sale outcomes, lessen investor uncertainty and facilitate low-‐risk, cross-‐border arbitrage in paintings in Paris,” in Risk and Uncertainty in the Art Market, London (forthcoming 2014).
Olav VelthuisAssociate Professor, University of Amsterdam
Olav Velthuis is Associate Professor at the Department of Sociology and Anthropology of the University of Amsterdam. At the department, he is director of the master programs. Before, he worked for several years as a Staff Reporter Globalization for the Dutch daily de Volkskrant . He is currently studying the emergence and development of art markets in the BRIC-countries (Brazil, Russia, India and China). The project is financed by a VIDI-grant from the Dutch Science Foundation (NWO). His research interests include economic sociology, sociology of art, cultural sociology and sociology of consumption. Velthuis is the author of Imaginary Economics (NAi Publishers, 2005) and Talking Prices. Symbolic Meanings of Prices on the Market for Contemporary Art (Princeton University Press, 2005), which received the Viviana Zelizer Distinguished Book Award of the American Sociological Association for the best book in economic sociology (2006). Together with Maria Lind of Tensta Konsthall (Stockholm), he recently edited the book Contemporary Art and Its Commercial Markets A Report on Current Conditions and Future Scenarios (Sternberg Press, 2012). His journalistic writings have appeared in among others Artforum, the Art Newspaper and the Financial Times. His work has been cited in international media including Newsweek, Die Zeit, Corriere della Sera, The Independent, Il Sole 24 Ore, the FreakonomicsBlog of the New York Times, and the Frankfurter Allgemeine Zeitung. Velthuis is member of the editorial board of Sociologie. He was board member of the Netherlands Foundation for Visual Arts, Design and Architecture (Fonds BKVB), which was the main government-sponsored foundation for visual artists in the Netherlands.
Kathleen VohsProfessor, University of Minnesota
Kathleen Vohs, Land O'Lakes Professor of Excellence in Marketing, has an extensive background in psychology. She applies her understanding of psychological science to business issues in order to advance new areas of marketing research. Vohs's research specialties include self-regulation (particularly in terms of predicting impulsive spending, overeating among dieters, and making a bad impression); self-processes (such as self-esteem); the effects of making choices on self-regulatory ability; the effects of the mere presence of money (and the psychology of money); and heterosexual sexual relations as predicted by economic principles. She has authored more than 150 scholarly publications and served as the editor of 8 books, and she has written extensively on self-regulation, intrapersonal and interpersonal processes, the objective consequences of self-esteem, free will beliefs, bulimic symptoms, and consequences of self-control failure on impulsive behavior. Vohs has received several awards and honors. Vohs won a SAGE Young Scholar Award in the field of social and personality psychology (2008) and was named the International Society for Self and Identity Outstanding Early Career Award winner (2009). At the University of British Columbia, she received the Canada Research Chair in Marketing Science and Consumer Psychology. At the University of Minnesota, she was named a McKnight Land-Grant Professor (2007-2009) as well as a McKnight Presidential Fellow (2008-2010). The Carlson School appointed Vohs the Land O'Lakes Professor of Excellence in Marketing in 2011. In 2012, she became the Honorary Chair in Experimental Consumer Research in the Faculty of Economics and Business, Groningen University, the Netherlands. She won the Free Will Essay Prize from Templeton for a forthcoming piece in Scientific American (2013). Most recently, she was awarded the Anneliese Maier Research Award by the Humboldt Foundation (part of the German Ministry of Research and Education), which is a competition across all sciences, humanities, law, and economics.
Carrie Mae WeemsArtist
Carrie Mae Weems earned a B.F.A. from the California Institute of the Arts, Valencia (1981), and an M.F.A. from UC San Diego (1984), continuing her studies in the Graduate Program in Folklore at the University of California, Berkeley (1984-87). With the pitch and timbre of an accomplished storyteller, Weems uses colloquial forms-jokes, songs, rebukes-in photographic series that scrutinize subjectivity and expose pernicious stereotypes. Weems's vibrant explorations of photography, video, and verse breathe new life into traditional narrative forms: social documentary, tableaux, self-portrait, and oral history. Eliciting epic contexts from individually framed moments, Weems debunks racist and sexist labels, examines the relationship between power and aesthetics, and uses personal biography to articulate broader truths. Whether adapting or appropriating archival images, restaging famous news photographs, or creating altogether new scenes, she traces an indirect history of the depiction of African Americans of more than a century. She has received honorary degrees from Colgate University (2007) and California College of the Arts (2001). Awards include the MacArthur Fellowship; Anonymous Was a Woman Award; Skowhegan Medal for Photography; Rome Prize Fellowship; and the Pollack-Krasner Foundation Grant in Photography; among others.
Yi ZhouAssistant Professor, Florida State University
Dr. Yi Zhou is an assistant professor of finance at the Florida State University (FSU). She joined FSU in 2012. Dr. Zhou's research focuses on empirical asset pricing, volatility risk, credit risk, default risk, derivative pricing, equity return and bond return predictability, and art and finance. Dr. Zhou has published in Journal of Banking and Finance. She has won the Research Awards of Global Association of Risk Professionals (GARP) of 2013 and 2009, Center for Hedge Fund Research (CHFR) Research Award of 2009, and the Best Paper Award of American Association of Individual Investors at the Midwest Finance Association Annual Meeting of 2013. Her papers have been presented at various conferences and universities for more than 60 times in the last 5 years. Dr. Zhou holds a Ph.D. in Finance, MA. in Statistics and MA. in Economics from the University of California Los Angeles. She also holds a MA. in Astrophysics from University of California Berkeley and BS. in Space Physics from University of Science and Technology of China.
Hotel AccommodationsOmni New Haven Hotel at Yale 155 Temple Street New Haven, CT 06510 (203) 772-6664
Friday, March 28, 2014
Yale School of Management, Evans Hall, Room 2400, 165 Whitney Avenue, New Haven, CT
Shuttle departs Omni New Haven Hotel for Evans Hall
Registration and Breakfast
Welcome and Overview
Session 1: Psychology, Neuroscience and Behavior
Session Chair: George Newman, Yale School of Management
Art Infusion in the Marketplace
Henrik Hagtvedt, Boston College
The Aesthetic Triad and Implications for the Market
Anjan Chatterjee, University of Pennsylvania
Effect of Visual Order on Creativity
Kathleen Vohs, University of Minnesota
Session 2: Psychology, Neuroscience and Behavior
Session Chair: George Newman, Yale School of Management
Authenticity Effect with Children
Bruce Hood, University of Bristol
Everyday Intuitions about the Value of Artwork
George Newman, Yale School of Management
Conceptual Aspects Underlying our Preferences for Original Artwork
Paul Bloom, Yale University
Lunch, Beinecke Room
Session 3: History of Collecting and Taste
Session Chair: Darius Spieth, Louisiana State University
Measuring preferences and painting arbitrage between Amsterdam and Paris in the eighteenth century
Hans van Miegroet, Duke University
Discussant: Marjorie Cohn, Harvard Art Museums
Netherlandish Golden Age Art in Revolutionary Paris
Darius Spieth, Louisiana State University
Discussant: Dena Goodman, University of Michigan
Moderator: Darius Spieth, Associate Professor, Louisiana State University
Graham Beal, Director, Detroit Institute of Arts
Jeffrey Deitch, Art Advisor
Noah Horowitz, Faculty, Sotheby’s Institute of Art; Executive Director, The Armory Show
Finish for day
Shuttle departs Evans Hall for Omni, New Haven Hotel
Cocktails at Union League Café
1032 Chapel St, New Haven, CT 06510
Dinner at Union League Café
1032 Chapel St, New Haven, CT 06510
Saturday, March 29, 2014
Yale School of Management, Evans Hall, Room 2400, 165 Whitney Avenue, New Haven, CT
Shuttle departs Omni, New Haven Hotel for Evans Hall
Session 1: Historical Perspectives on the Art Market
Session Chair: Christophe Spaenjers, HEC Paris
Record-setting Auction Prices of Paintings Over three Centuries
Christophe Spaenjers, HEC Paris
Will Goetzmann,Yale School of Management
Discussant: Cynthia Saltzman, Author
The Art Collection of John Maynard Keynes
Elroy Dimson, London Business School and Cambridge Judge Business School
Art Dealers’ Strategies: The Case of Coupil, Boussod & Valdadon
Kim Oosterlinck, Université Libre de Bruxelles
Discussant: Olav Velthuis, University of Amsterdam
Session 2: Artists and the Market
Session Chair: Christophe Spaenjers, HEC Paris
Price Innovation, Risk Taking and Artistic Creativity
Yi Zhou, Florida State University
Discussant: Jonathan Feinstein, Yale School of Management
Determinants of Economic and artistic success of contemporary artists
Olav Velthuis, University of Amsterdam
Discussant: Fabien Accominotti, Columbia University
The Rise and Globalization of Chinese Art
Ben Mandel, Economist, Citi Research
Discussant: Eric Greenleaf, New York University
Lunch, Beinecke Room
Session 3: Art Investment
Session Chair: Christophe Spaenjers, HEC Paris
Does it Pay to Invest in Art? A Selection-corrected Returns Perspective
Roman Kräussl, Luxembourg School of Finance
Discussant: Stephen Brown, New York University
A Model of Trading in Unique Durable Assets
Stefano Lovo, HEC Paris
Discussant: Andrew Metrick, Yale School of Management
Moderator: Darius Spieth, LSU
Carrie Mae Weems, Artist
Robert Storr, Dean, Yale University Art School
Shuttle Departs Evans Hall to Omni, New Haven Hotel
Parking is available at Pierson-Sage Garage which can be accessed via Edwards Street.
Walking directions from Pierson-Sage Garage to Evans Hall.
Hotel Reservation Link
2014 Art, Mind and Markets Conference