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Article

Sheila S. Blair and Jonathan M. Bloom

Jordanian painter and art patron. She studied history at Beirut University College (formerly Beirut College for Women), receiving a BA in 1961. In 1993 she took a PhD in Islamic Art at the School of Oriental and African Studies, University of London. After serving in the Jordanian Ministry of Foreign Affairs and representing her country at United Nations meetings in Geneva and New York, Ali founded the ...

Article

Molly K. Dorkin

Paid adviser employed by collectors to recommend and facilitate the purchase of works of art. There is a long history of recruitment of art experts by wealthy patrons for advisery purposes. In the 18th century art historians such as Johann Joachim Winckelmann were actively advising leading collectors like ...

Article

Christophe Spaenjers

Statistical measure showing the development of art prices since a chosen base year. Index series are often represented as graphs, and allow for a comparison with the performance of other assets. An index also enables the measurement of the correlation of art returns with changes in valuations of other investments. Two techniques are commonly used to construct an art price index based on auction transaction data. First, so-called ‘hedonic’ methods use all available sales information to measure changes in quality-adjusted average transaction prices. Second, ‘repeat-sales’ regression models only use price information on artworks for which at least two transactions are observed to estimate the average return in each period....

Article

Christophe Spaenjers

Set of financial methods, instruments, and business models that are used in the Art market. Important developments since the 1960s include the spreading availability and use of art price information and price indexes (see Art index), the emergence of loans collateralized by artworks, repeated efforts to create art investment structures, and a strong growth in art market advisory services provided by wealth managers and new entrepreneurs (...

Article

Anne K. Swartz

Art gallery in New York. Founded in 1972, Artists in Residence, or A. I. R. Gallery, was the first artist-run, not-for-profit gallery dedicated to women artists in the USA. Encouraged by the burgeoning Women’s Movement, a group of women artists wanted to create meaningful opportunities to show their art and have it seen and discussed. There were few options for women creating art to show it since few of the commercial galleries would show work by women. Women artists might occasionally have a single work included in a group show at a commercial gallery, but it was rare, and solo exhibitions of women artists were rarer still. So, women artists had to develop their own occasions to show their art....

Article

Matico Josephson

American multi-ethnic arts organization based in New York’s Chinatown. The Asian American Arts Centre (AAAC) and its predecessors, the Asian American Dance Theatre (1974–93) and the Asian Arts Institute (1981–8), emerged from the milieu of the Basement Workshop, the first working group of the Asian American Movement on the East Coast, whose mouthpiece was the journal ...

Article

Molly K. Dorkin

Prior to the 20th century, the attribution of works of art was not governed by rigid regulations, and art dealers and auctioneers assigned attributions based purely on aesthetic grounds. Works were attributed to the artist whose manner they most closely resembled, but they were not further distinguished on the basis of quality; as a result, many paintings purchased as Renaissance masterpieces in the 18th or 19th century have since been downgraded to studio works or even much later pastiches....

Article

Molly K. Dorkin

An expert with a specialization in a distinct category of fine or decorative arts or other collectables at an auction house, responsible for researching Attributions and setting pre-sale estimates. Specialized auctions of works of art were recorded in Amsterdam as early as 1608, when they emerged as a subcategory of after-death estate sales. It remains unclear whether or not items were appraised for value by dedicated appraisers, forerunners of modern-day auction house specialists, in order to set estimates prior to the sales....

Article

Malcolm Gee

(b Berlin, Jan 6, 1914; d Paris, Feb 23, 2007). German American art dealer and collector, active in France. Berggruen came from a middle-class Jewish family. He immigrated to the USA in 1937, and was granted American citizenship in 1941. He served in the army between ...

Article

Bonhams  

Molly K. Dorkin

Auction house established in London 1793 by William Charles Bonham, a book dealer (also recorded as Walter Bonham), and George Jones, from a gallery founded by Thomas Dodd (1771–1850), a dealer in antiquarian prints. Bonhams originally specialized in sales of prints in the 18th and 19th centuries, at which time the market was robust. By the 19th century Bonhams was also holding sales of antiques, which were advertised in the London press alongside similar offerings from ...