Intensive Program in Art Markets and Finance
A Global Perspective
Main Goal
The Intensive Program in Art Markets and Finance provides an overall understanding of art market dynamics, including its unique factors such as trends in taste, cultural influences, and the role galleries and auction houses play.
As with other collectibles, art is increasingly becoming an investment opportunity with the potential for substantial and uncorrelated returns. However, investing in art requires a deep understanding of market trends, valuation methods, and risk factors.
Like any investment, purchasing art carries risks, such as fluctuations in market demand, changes in taste, authenticity issues, and legal considerations. Some of these risk factors are related to the physical nature of art, while financial risks arise from art being an asset whose price fluctuates over time due to subjective and objective reasons. Understanding and managing these multifaceted sources of risk is important for making informed investment decisions in the art market.
The art market, in particular, is subject to various legal and ethical considerations, including issues related to authenticity, provenance, copyright, and cultural heritage. Analysing the institutional and regulatory frameworks governing the art market is essential for conducting business ethically and avoiding potential legal pitfalls.
A broad perspective is crucial for fully understanding the art market, as this sector is characterized by constant evolution, with emerging phenomena such as financialization (e.g., art lending). By engaging with prominent players in the art market, participants gain a comprehensive view of the roles of collectors and investors, galleries, advisors, fairs, and auction houses in shaping the dynamics of the international art scene. This knowledge equips them with valuable insights and perspectives for navigating the complexities of the art world effectively.
The Program in Art Markets and Finance is also offered as a concentration within the Master in Arts Management and Administration (MAMA).
Who should apply
The Intensive Program in Art Markets and Finance offers a comprehensive educational experience tailored for individuals seeking to augment their professional repertoire and acquire an in-depth comprehension of the intricate dynamics between the art realm and financial markets.
Through a meticulously crafted and intense curriculum, participants undergo specialized training sessions, engage in peer-to-peer benchmarking exercises, and cultivate invaluable networking opportunities, all geared towards fostering a holistic understanding of the multifaceted interplay between art and finance.
This program caters to a diverse array of professionals entrenched within both the artistic, legal and financial sectors, encompassing a spectrum of roles and entities, ranging from seasoned art advisors to astute wealth managers.
It serves as an indispensable platform for entities and professionals actively involved in guiding art collectors, facilitating art investments, managing wealth portfolios, and providing bespoke art-related financial counsel.
By bringing together a cohort of like-minded professionals, the program facilitates vibrant discussions, knowledge exchange, and collaborative endeavors, thereby enriching the collective expertise of its participants and empowering them to navigate the nuanced complexities inherent in the convergence of art and finance.
SDA Bocconi Executive Education Certificate
To navigate the evolution of the macroeconomic landscape and organizations, it is essential to broaden your managerial skills. Education plays a central role in this process. Together with our Program Advisors, you can design the learning path that best suits your needs, choosing from various formats to shape your professional growth.
Program Advisory
Learning is never a linear journey—it is a path built together, combining specific training needs with practical tools tailored to individual challenges. Contact our team of Program Advisors, and together we will design the ideal learning path for you or your team, ensuring alignment with your goals.
Your benefits:
A dedicated orientation meeting, either in-person or remotely, to identify learning needs and create a customized plan. Throughout the course, you will experience a tailored welcome to introduce you to the program and foster networking between participants and instructors. Upon completion, your evaluation will become a valuable contribution for continuous improvement of the offering.
How your organization benefits:
Training consultation with HR managers to analyze organizational needs and develop personalized projects. Ongoing progress monitoring and a final follow-up to share results and gather feedback, ensuring constant alignment with pre-set goals.
Get in touch with Erica Pizzelli
Structure and contents
The program consists of two learning modules for a total of 12 full days.
Each module consists in a week (Monday to Saturday from 8:30 to 4pm).
Extra visits or trips to Art Fairs could be organized on top of the classes (i.e. in other days) and will be elective.
The Art Market Talks offer a valuable chance to interact with experts in the field of art, exchanging ideas on best practices and real-world applications within the art sector. Regular engagement with esteemed guests and gaining insights into the financial implications of the art world will be integral components of the program.
Download the brochure to explore the topics covered and learn more about the distinguished faculty and guest speakers contributors from past editions:
Brunella Bruno, Bocconi University
Sharon Hecker, Art historian and curator
Renee Adams, Professor of Finance, Oxford University (TBC)
Jianping Mei, Professor of Finance, CKGSB and NYU Stern School of Business
Rachel Pownall, Professor of Finance, Maastricht University
Christl Novakovic, Global Head of Wealth UBS
Drew Watson, Senior Vice President, BANK OF AMERICA
Vincenzo De Bellis, Head of fairs ART BASEL
Will Korner, Head of fairs TEFAF
Giuseppe Marseglia, Head of Carabinieri for the Protection of Cultural Heritage
Sophie Neuendorf, Vicepresident ARTNET
Adriano Picinati di Torcello, Director Global art and Finance DELOITTE
Paula Trommel, Hauser & Wirth
Corrado Botta, Economics Department, Bocconi University
Italo Carli, Head of Arte Generali
Antonella Crippa, Art Advisor, IntesaSanPaolo
Michele Coppola, Executive Director Gallerie d’Italia, IntesaSanPaolo
Philippe Bouchet, Head of Art Services Europe, AXA XL
Anthea Peers, President Christie’s EMEA
Claudio Gulli, Director, Palazzo Butera Palermo
Vittorio Calabrese
Claudio Sanzò, Liutenent Colonel, Carabinieri
Silvia Beltrametti, School of Art Institute, Chicago
Susan Demenil, Art Antiquities Blockchain Consortium, Collector
Pierre Valentin, Art Lawyer
Will Korner, Head of Fairs, TEFAF
Why Join Us?
Bocconi Alumni Community
By participating in this course, you will become part of the Bocconi Alumni Community, an international network of more than 135,000 members from 133 countries.
Digital Badges
The digital badges are an innovative and immediate way to share your achievements. They are verifiable and associated with an individual user.
They allow you to update your network of contacts by highlighting the different steps reached in your SDA Bocconi journey.
Certificate of Participation
The certificate – presented in both print and digital forms – is a useful way to enhance your CV and portfolio of educational experiences. It is granted to participants who have attended at least 80% of the lessons.
Calendar and information
Via Sarfatti 10, 20136 Milano
Calendar
- 03 - 08 marzo 2025Class (module in presence)07:30 - 15:00
- 09 - 14 giugno 2025Class (module in presence)06:30 - 14:00
Fee
€ 10.000 + VAT
The fee is exclusive of VAT and includes course materials and working breakfasts.
Special payments terms
SDA Bocconi Master Division Alumni are entitled to a 50% reduction on participation fees.
Other Bocconi Alumni receive a 20% reduction. To take advantage of the discount, please enter your Alumnus status when registering by indicating “ALUMNI 20” or "ALUMNI50" in the notes section. Remember that without this indication, the discount will not be applicable.
Women are good for business
The educational dimension is one of the tangible levers that we can provide to men, women, and our organizations to truly make a difference, to have an impact. Providing education means offering a concrete tool for change and social transformation. To foster and contribute to women’s professional development, SDA Bocconi School of Management offers them until 8 March 2026: a 20% discount on the participation fee for all Executive Open Programs and Executive Online Programs.
Multiple enrollments
Companies, institutions and public bodies that enroll at least 3 participants in a single program are granted a 20 percent discount for each registration fee. The concession is not applicable for personal enrollment and must be formalized by the start date of the course.
Early Bird
A 10% reduction on the program fees offered to applications sent in by 3 January 2025.
Custom training programs
In the case of training needs involving several resources of the same company enrolled in more than one program, it is possible to define a customized plan from the specific needs of the organization. In this case, our Program Advisors are available to build with the client organizations ad hoc training plans with special pricing.
Partnerships and channel agreements
SDA Bocconi offers the possibility to initiate collaborations that allow them to expand the portfolio of educational trainings to be offered to their members. In this case, the School is available to evaluate partnerships and channel agreements so as to respond in a timely manner to the specific needs of the organization.
By attending at least 80% of the classes you will receive a certificate of participation in the program and a digital badge to share with your network on LinkedIn.
Program direction
This program aims at providing a sound understanding of the dynamics and specificities of the art market, focusing on the new market trends, the role of intermediaries, and the process of valuation of an artwork.
Media
Il Sole24Ore - 18 March 25Le ripercussioni economiche e sociali delle restituzioni sul mercato dell'arte
Il Sole24Ore - 20 February 25Una sconfitta della cultura se un dipinto viene visto come un bene di lusso
Il Sole24Ore - 15 April 25L'Italia e la sfida della competitività nel mercato globale dell'arte
Il Sole24Ore - May 2025Trasparenza e mercato dell’arte. Perché la leva fiscale può essere la chiave
