This course examines art trading, the realm of collections and investment in the art market. The discussion includes 21 countries from Europe, 12 from Asia and Australia, 5 from South America, 4 from the Middle East and Africa, and 2 from North America. The discussion is focused on providing important information about market characteristics in each country, regarding the history of the art market, taste, value, artists, collectors, characteristics of works, sales, supply & demand, booms, price formation, market structure and performance. Also discussed is the market from the perspective of auction houses, museums, galleries, art fairs, with theoretical strategies and discussions.