What makes art so expensive? | CNBC Explains

SsantaCclaus February 14, 2020

ASSIGN VIDEO QUIZZES AS HOMEWORK

Did you know that you can assign quizzes as homework and track your students' progress?

1. Click on "Assign as homework" above.
2. Then create a new class and you'll get a special video quiz URL for your class.

3. Send them this link, and you'll be able to see their results and even their specific answers right from this video quiz page (Student answers button).
4. Both you and your students will get alerts on iSLCollective about any new activity (e.g. new answers submitted).

Here's a complete written guide.

You need to have your students register a student account on iSLCollective, and log in when they do the homework quiz. If that seems too much trouble right now, don't bother with the special quiz URL, just send them the regular URL, and trust when they say they did the homework. :)

Task description & scene summary

Task description:
Video for the topic art. Fill in the gaps, Multiple Tasking, Wrong word correction.
Created using the vocabulary quiz generator of iSLCollective. Make your own quiz from any Youtube video in a few minutes.
Scene summary:
Wealthy buyers will shell out hundreds of millions of dollars for a work of art. So what makes some art so valuable? CNBC’s Elizabeth Schulze explains.
Video length: 4 minutes 27 seconds
Video genre: Documentary film
Vocabulary:
Copyright license: Creative Commons Attribution No Derivatives License
First published: 2020-02-14, 14:59:34 (GMT+1)
About the author

KIERAN DONAGHY ABOUT ISLCOLLECTIVE VIDEO QUIZZES:

"iSLCollective Interactive Video Quizzes are highly engaging and motivating multimodal texts for English language students to learn vocabulary and improve their listening skills. They are the perfect complement to the creative and innovative lesson plans on Film English."

Kieran Donaghy,
Creator of FilmEnglish.com, a site with hundreds of high quality, free ESL/EFL lesson plans created around short films

Video quiz questions (printable)

1) It's estimated around $50 billion in art was sold ________ last year.

  • worldwide
  • wordwide

2)

Fill the gap: For many the value of art lies in the eye of the ________________________

3)

Fill the gap: One reason is simple ________________________ :

4)

Correct the wrong word: … whether they're Picasso enthusiasts or inventors looking for a place to store their money, all want to get their hands on a Picasso.

5) So sales in the _______ art market come from a select group of in-demand artists whose work, like Picasso's, is considered scarce.

  • high-hand
  • high-end
  • huge-end

6)

Fill the gap: Even in ________________________ art, 25 artists accounted for nearly half of public art auction sales in the first six months of 2017.

7)

Fill the gap: The price for a piece of art isn't just about the artist's ________________________ .

8)

Put the words in order: There factors at play are other

9) Art Fairs, like Frieze here in London, are an important _____ for new buyers and they're likely to stay that way.

  • venus
  • venue
  • wenue
  • winue

10)

Fill the gap: But half of art dealers in one survey said the costs associated with ________________________ at art fairs are a top business concern.

11)

Put the words in order: $20,000 around a that's sold piece for This and value. considered good

12) … exclusive club of art collectors.

  • collections
  • collectors
  • collectioners
  • collectorers

13)

Fill the gap: The top end of the art market is dominated by a select group of players who are pretty ________________________ about their business.

14)

Correct the wrong word: More and more art sales are conducted in private which attacks high net worth investors.

15)

Fill the gap: These ________________________ buyers are also lured by tax breaks for art donations or the prospect of making big returns on a piece of art.

16)

Fill the gap: … dealers and auction houses can be ________________________ to cater to high-end clients who pay millions of dollars for art,

17)

Put the words in order: sales. trend in see this art of a value the showing You can chart

18)

Fill the gap: Art that sold for more than $1 million accounted for nearly half of the market's value in less than 1% of ________________________

19)

Correct the wrong word: China ranks first in global art sales after the U.

20)

Fill the gap: A ________________________ investment can be art that you like for just a couple of bucks.

About the author

KIERAN DONAGHY ABOUT ISLCOLLECTIVE VIDEO QUIZZES:

"iSLCollective Interactive Video Quizzes are highly engaging and motivating multimodal texts for English language students to learn vocabulary and improve their listening skills. They are the perfect complement to the creative and innovative lesson plans on Film English."

Kieran Donaghy,
Creator of FilmEnglish.com, a site with hundreds of high quality, free ESL/EFL lesson plans created around short films

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