How Auctions Work: A Guide to Understanding Auctions, & the Art Market. A lecture by Jeffrey Boloten


In his lecture, Jeffrey Boloten will provide an overview of the state of today's often hidden art market, and illustrate how auctions are, more and more, playing a crucial role in shaping and growing artist prices and values in the global art sector.

Auctions have very much become the engine of the ever-increasing art market growth, and their relationship with galleries, and the artists they represent, is undergoing much transformation.

Looking closely at recent examples of the auction process escalation, including the groundbreaking sale of Leonardo da Vinci’s Salvator Mundi for over $400 million (by far the most expensive work of art ever sold at auction), Boloten will provide a step-by-step guide to understanding how auctions operate.

Finally, he will also explore the innovative new directions that the major auction houses are taking, including their rapid online expansion, and their ongoing collaborations and links to the luxury goods industries.



Jeffrey Boloten (b. 1959) is the Programme Leader for the Art & Business Programme, at Sotheby’s Institute of Art, London, and is the Co-Founder & Managing Director of ArtInsight Ltd., the education partner of leading art market research firm, ArtTactic. Following a business degree and a background as a solicitor, Boloten held Directorships with a number of leading international publishers, including Penguin Books. Following an MA in Arts Management, focused on the development of the art market, and posts at the Tate, and as General Manager of a London art college, he co-founded ArtInsight in 2004. He is a frequent speaker and lecturer on the global art, and art investment markets at international art fairs and conferences, and is a Founding Member of PAIAM, (Professional Advisors to the International Art Market). Boloten is also the author of The Market for Photography chapter in the Grove Dictionary of Art (Oxford University Press). 


Free admission with advance registration.

The lecture will be in English with simultaneous translation into Russian.