Passion drives the market at a Sotheby's London contemporary auction.

"Art is a consumer good and a potential investment, but essentially it is a passion investment. That is what we try to convey to our students at Sotheby's Institute." -- Iain Robertson

Iain Robertson, head of art business studies at Sotheby's Institute of Art in London, is a scholar and international art market expert with a specific focus on emerging markets. Watch the video below as Iain discusses the current state of the art market and learn more about what he refers to as the "new type of contemporary."