Literature: Claire McAndrew, Fine Art and High Finance
ARTinvestment.RU   18 марта 2020

Talk about major book of modern science about the economy of art and its author

Fine Art and High Finance:
Expert Advice on the Economics of Ownership, A Survey of Comparative Assets

author: ClaireMcAndrew
year: 2010
336 pages
publisher: WileyPress, UK / BloombergPress, USA
ISBN: 9781576603338

If she was a Dale Carnegie book called "How to win friends on the art-рынке and please people". If her name was Daniel Holmanom, she released a book, "Emotional art-интеллект". But she — doctor of Economics, Clare McAndrew, author of the first books on the Economics of art that brought her the unofficial title of the leading art-финансиста the present day.

In recent months we have repeatedly mentioned her name in materials AI — in particular, in a series of articles about investing in art, and analysis of the latest report: Art Basel & UBS. McAndrew was educated in Ireland, where he defended his thesis in Economics. In early 2010-х moved to London and began working in a small Bank providing services of wealth management, including advice on investment in art. A few years later, in 2005-м, she founded Arts Economics, one of the first customers which was the fair TEFAF: Clare McAndrew started her annual report on the art market. Finally, in 2010, a book was published Fine Art and High Finance, whose name can be translated in two ways: High Financе — is a lot of money, and financial aristocracy, and fraud in especially large sizes. Latest — in the slang of the American media.

Despite the harshness of the title, the book reads easily enough. One of the reasons — chapters written by different authors (market leaders in their field, admittedly), and then edited Claire in a common format. Half of the materials in collaboration had a hand itself McAndrew — in particular, in articles about the pricing, art-банкинге, investing in art, risks, art-фондах and regulation of the state of the trade artistic values. Unlike, say, the works of Philip hook ("Breakfast at Sotheby's" and "Gallery of crooks"), "high Finance" do not indulge readers with stories about "how it happened", but give clear answers to the question of "why it happens". Overall, despite the time of publication — 2010, collection of articles looks very solid and modern monograph. Of course, assuming the reissue, the year that way closer to 2025-му, with the addition of digital art as the format of the blockchain as the accounting system transactions and pandemics as a new regulator of the market.

In 2015, five years after the release of the book, Clare McAndrew, TEFAF has changed at Art Basel, and now the main market report The Art Market beyond her signature. This story can serve as master-классом for everyone who wants to climb the corporate ladder on the art market. Procedure at first glance the following: accumulated connection, write the General Ledger in its field (of the individual materials specialists, which gained connections), get your dream job. But there is a significant addition: besides writing, you need to understand every line that came out under your name and have the answer to any question — preferably with a friendly smile and respect for the art-рынку. Which provesClaire in all public meetings and interviews.

Denys Belkevych, AI