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The Business of Art

Acquiring Art for UMMA’s Collection
This image shows a modern art gallery with wooden floors and glass railings. Several artworks are displayed on the walls, including a large colorful abstract painting and smaller framed pieces. Bright natural light streams in from a window on the right.
Photo by Neil Kagerer

BE460

Faculty Curators: Thomas Buchmueller (Ross School of Business); Jennifer Carty (Curator of Art in Public Spaces, UMMA)

Curated by Laura De Becker, Chief Curator, David Choberka, Mellon Foundation Curator for University Learning and Programs, and and Jennifer Carty, Curator of Art in Public Spaces

On view: Fall 2025 and Spring 2026

Organized around a groundbreaking new course co-taught by U-M’s Curator of Art in Public Spaces, Jennifer Carty and Ross School of Business Professor Tom Buchmueller, this installation offers a glimpse behind the scenes of how museum collections grow and evolve and provides students with real-life experience navigating the art market.

Throughout Fall 2025, students in the course will investigate the economics, ethics, and strategies of acquiring art. Their final projects will take the form of acquisition proposals presented to UMMA’s curatorial team, and at least one student-selected work will be purchased and added to this installation and the Museum’s permanent collection.

Blending past and present, business and art, this exhibition documents that acquisition journey in real time — from the historical foundation of UMMA’s collection to the students’ bold, informed proposals for the future.

Related Events

University students visit UMMA on September 25, 2025, joining tours led by David Choberka, Madeline October Wildman, and Julia Laplaca. A study room session was also led by LSA Professor Lisa Makman.
Subject Matters: Art Tank Pitch Competition
Helmut Stern Auditorium
Mon, Dec 1, 2025 6:00pm–7:30pm
Subject Matters: The Butterfly Effect of Curatorial Decisions
Eleanor Noyes Crumpacker Gallery
Tue, Oct 28, 2025 6:00pm–7:30pm
Subject Matters: Buying Art? In this Economy??!
Eleanor Noyes Crumpacker Gallery
Tue, Sep 23, 2025 6:00pm–7:30pm
People stand on stage in front of a large projection screen with microphone.
Photo by Leisa Thompson, Michigan Photography, UM

Related Blog

University of Michigan Students Decide UMMA’s Next Acquisition in Live “Art Tank” Event

Apr 18, 2025
The Business of Art course helps students understand the economics of the art market by providing real word experience.

Works Included In This Collection

This image shows a modern art gallery with wooden floors and glass railings. Several artworks are displayed on the walls, including a large colorful abstract painting and smaller framed pieces. Bright natural light streams in from a window on the right.
Installation image of "The man disguised as night (Anansi #29)", a 2023 work by Jamaican artist Leasho Johnson.

Student-Led Acquisition

Artwork Title: The man disguised as night (Anansi #29)

Date: 2023

Artist Name: Leasho Johnson

19th century
Filipino
woven silk and fiber
1900-1971
Dogon
wood, metal and pigment
2011
Takuro Kuwata
porcelain, Shino glaze and platinum slip and paint
1988
Ming Smith
gelatin silver print on paper
1862
Félix Bracquemond
etching and drypoint on paper
1740
Jacobus Houbraken
engraving on paper
1821-1868
Charles Meryon
etching and drypoint on brown paper
1895-1931
Peggy Bacon
etching on paper
1933
George Grosz
lithograph on paper
1947
Joan Miró; Brunidor Editions; Atelier 17
etching with drypoint on paper
1882-1948
Georges Braque
etching on paper
1929
Giorgio de Chirico
color lithograph on paper
circa 1929
Giorgio de Chirico
color lithograph on paper
1926
Ohara Shōson (Koson)
color woodblock print on paper
1926
Ohara Shōson (Koson)
color woodblock print on paper
1916
Edvard Munch
color lithograph on paper
1931
Walker Evans
gelatin silver print on paper
1928
Edward Steichen
gelatin silver print on paper
Visitors viewing artwork at an exhibition in a gallery. The tour guide is talking with them. They are surrounded by works of art.
Photo by Neil Kagerer

Related Blog

Art, Money, and Meaning: UMMA’s Subject Matters Events Unpack the Business of Art

Apr 18, 2025
This Fall, UMMA has teamed up with the Ross School of Business to ask one of the most complicated questions in the art world: What actually gives art value?

SUPPORT

Lead support for this exhibition is provided by Amelia and Eliot Relles, the Benedek Endowment Fund for the Humanities, the Richard and Rosann Noel Fund for Museum Education, the Kaish-Dorfman Campus Curriculum Fund, and U-M Ross Business.