Art Business

Sotheby's Institute of Art

44600 USD/year
44600 USD/year
Tuition fee
Apply date
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The Master’s degree in Art Business at Sotheby's Institute of Art prepares graduates to succeed in this sophisticated ecosystem. Courses in art law, valuation, and business lay the foundation upon which students build a specialized program that suits their needs. 

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The global art market is the circulatory system of the art world. Business transactions are the lifeblood of the system, moving art from the studio to the gallery, the auction room, the collector’s home, and the museum. Along the way, artists, dealers, art advisors, curators, art handlers, insurers, and auction house experts engage in a complicated dance to build and sustain the value of the work and the careers and interests of all parties.

The Art Business program at Sotheby's Institute of Art is unique in offering an unprecedented array of electives exploring all aspects of art business, connoisseurship, and curation. Students work closely with their academic advisor to design a course of study in which more than half of the program is tailored to help them achieve their career goals.

Balancing academic rigor with real-world applications in a dynamic environment, the program provides an alternative to traditional academic models of study and stays in sync with the rapidly-evolving global art market.

About Students

MA in Art Business students bring a wealth of complementary backgrounds to the program, with students of art and art history, lawyers, and entrepreneurs combining their expertise to develop innovative group projects and, after graduation, new art business ventures. 

What brings them together is a desire to learn about the intersection of art and its markets and the economics of art in the commercial and nonprofit sectors. Graduates are prepared for a variety of careers and are ready to join the next generation of leaders in the international art world.

Programme Structure

Courses included:

  • Navigating the Art World
  • Introduction to Art Valuation
  • Professional Practice in Art Business
  • Principles of Business: Finance & Accounting
  • Art Law: The Legal Life Cycle of Art from the Studio to the Market
  • Field Study: Venice Biennale & Turin
  • Methods of Research

Key information

Start dates & application deadlines

More details

Rolling admission


IELTS or TOEFL needed


On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
7 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.

Other requirements

General requirements

  • Academic transcripts/mark sheets
  • Two letters of (academic) reference
  • Personal statement (max 1000 words)
  • A writing sample
  • A CV/resume
  • An interview

Tuition Fee

  • International

    44600 USD/year
    Tuition Fee
    Based on the original amount of 22300 USD per semester and a duration of  .
  • National

    44600 USD/year
    Tuition Fee
    Based on the original amount of 22300 USD per semester and a duration of  .
  • Semester 1: $22,300 + Field Study $3,400
  • Semester 2: $23,300 + Field Study $700
  • Semester 3 Summer/Fall: $13,300 Thesis/Master’s Project only (submit in Fall)


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Art Business
Sotheby's Institute of Art