Liberal Arts and Management Program | Art, Commerce and Culture
L216 | 4508 | Michelle Facos


This course explores the intersection of art, science, capitalism,
law, and public policy and does not presume prior knowledge about
art. In a series of case studies we will examine a variety of
questions relating to the various ways in which art acquires value
and the impact this has in the public and private spheres. Are the
recently discovered Jackson Pollock paintings authentic works?
Should the Parthenon marbles be returned by the British Museum
(where they have been housed since 1810) to their original home in
Athens? What is the difference between a fake and a forgery and what
happens when a museum or individual purchases one? What is the
difference between conservation and restoration, and what effect do
these have on an art work’s (aesthetic and market) value? Is art a
good investment? What is art?  In search of answers to these
questions, we will consult a variety of experts - curators,
conservators, collectors,scholars, and dealers. In addition, we will
read and critique relevant articles and films and visit Chicago to
meet with personnel at Sothebys, the Art Institute, and the Johnson
Gallery. In addition to weekly reading responses, students will work
in groups on a longitudinal study project relating to art market
fluctuations, the results of which will be presented in class.

Above course limited to LAMP students - must obtain permission.