Observations. (v. 0.1)
The Art World functions in several layers. The upper layer is more or less just a process of moneylaundering through cultural capital. Offshore banks, etc, all that jazz. It's not interesting in the same way the concept of the EU or international banking is not interesting, it's simply a function of greed and capitalism. It's not art and it's not culture, so the Institute does not deal with it.
The process goes like this: Tax cuts, tax cuts, tax cuts, tax cuts, tax cuts, tax cuts, profit. If you're going to sell an apartment you can put a expensive painting in that house to inflate the perceived value of the house through displaying wealth. This is a simplified example of a social mechanism that creates economical value from art. Norway is a wealthy nation with a historically poor culture (both as in people were poor and that culture was "poor" in regards to the continent), so these mechanism will, logically, exist.
People with less money have better taste because reality has been applied to them, as opposed to wealthy people who have shit taste because they perceive themselves to be applied to reality.
A "collections manager" is a bullshit job.
A "curator" is a bullshit job.