Owning and Investing in Art: Opportunities, Challenges and Risks
Date : 11 mars 2019
10 ECTS Credits
ContextInvesting in art has become increasingly interesting over the years. What with financial crises and classic investment products in decline, art investment presents itself as an alternative asset not to be underestimated. And with its Freeport, Luxembourg has clearly positioned itself on this growing market.
Another clear step in that direction is this new for-credit continuing education programme organized by the University of Luxembourg via its Competence Centre.
The Faculty of Law, Economics and Finance - in association with the renowned Christie's Education London - has developed a high standard academic training programme targeting professionals active in the art world (or contemplating a career in the art world), desirous to sharpen their knowledge of the financial, legal, accounting, tax and logistics aspects of art related transactions.
Target AudienceWhether you are a legal professional, a private banker, a financial expert, a wealth manager, a family office professional, an auditor, a lawyer, or a museum director, a curator, gallery director, an art merchant, an auctioner, logostic provider or even a graduate of art, this executive education programme offers valuable insights and technical knowledge with academic rigour.
Learning OutcomesAs a participant you will have the unique opportunity of meeting highly renowned international specialists in the different related fields. At the end of the training, you will have :
learned the economics of investing, holding and trading in art
identified key elements of risk management related to art investing
investigated the correlation of art with more conventional asset classes in the context of wealth management
acquired key knowledge of legal, accounting and tax issues related to investing, holding and trading in art
understood the contractual provisions protecting each party and the importance of pre-contractual due diligence
explored logistics and practical issues of moving and storing artworks
built a professional network
Practical DetailsCourses will be taught in English partly at the University of Luxembourg on Campus Weicker (Kirchberg), partly at Christie's Education London. Field visits and other social events related to the programme are foreseen as well.
The training represents 10 teaching days (two 5-day sessions) plus a field trip to a major art fair. The total workload amounts to an estimate of 270 hours and confers 10 ECTS credits.
The tuition fee is 8.950 € (+ 3% VAT) all inclusive, covering courses, accomodation, meals and transfers to site visits, social events, restaurants...
Travel costs to/from Luxembourg and London however are not included in the tuition fee.
Application Procedure and PrerequisitesIf you want to apply, you need to be a minimum of 18 years of age, fluent in English and you should have a bachelor or equivalent degree (180 ECTS, 3 academic years).
Please fill out the application form below and return it accompanied by your CV and a letter of motivation before 10th December 2018. You will then be contacted by the Programme Director in order to confirm your acceptance into the training programme (at the latest on 21th December 2018).
Do note that by sending your application, you commit, if accepted into the proramme, to enroling and paying the tuition fee.
A very important part of this programme are the social events, such as private museum tours and visits of galleries and private collections, including dinners, taking place in the evenings.
More information and details on the course programme can be downloaded below.
University of Luxembourg Competence Centre
All academic matters:
Professor Roman KRÄUSSL
University of Luxembourg - Faculty of Law, Economics and Finance