- Sikh guru’s portrait to go under hammer New Delhi, India
- Banaras forgets Tagore anniversary Varanasi, India
- Shanghai Biennale to open on Monday Shanghai, China
- Indian art featured in two new Chicago art galleries Chicago, United States
- Tsunami victims are remembered with art Chennai, India
- Painting exhibition: Art for all Kochi, India
- Damien Hirst auction begins with sale of pickled shark for $18 million London, United Kingdom
- Indian contemporary art arrives finds new fans in Berlin Berlin, Germany
- Indian summer of art at British Museum London, United Kingdom
- NRI chef wins 3 UK industry prizes for bread art London, United Kingdom
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- A.R. Rahman to headline Sydney Festival 2010 Mumbai, India [Music]
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 2008 - A memorable year for Indian art
Just over a decade ago it would have been difficult to imagine the scale of global interest..
Art | New Delhi | India
Updated On: 12/24/2008
[Total Votes: 152, Hits: 1041]  Print
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Just over a decade ago it would have been difficult to imagine the scale of global interest currently generated by Indian art, a phenomenon that has been reflected in the record prices fetched in sales of artworks.
While art markets in the US, UK and several other countries have taken a blow with top auction houses like Christie's and Sotheby's selling below estimated prices, Indian artists together with their Chinese counterparts have been able to sufficiently weather the storm so far.
The art market in India growing at 35 per cent today stands at approximately over Rs 1500 crores. In the European circuit, Indian art today commands a value, which is 300-400 per cent higher than what it was 4 to 5 years ago.
The year 2008 has been one of many firsts in the country for the art market. In its very first year the 'India Art Summit'- the first art fair in the country modelled on the likes of international fairs such as Basel Art Fair in Spain is said to have attracted over 10,000 art enthusiasts including art collectors, investors, artists, critics, curators and students from across India and overseas.
"The 34 galleries at fair exhibited over 550 artworks and sold approximately 50 per cent. During the 3 day fair 80 per cent of the exhibitors reported having met new investors from India and overseas," says Gautam of Hanmer MS&L, the communication firm which is hosting the festival.
After generating media coverage worth approximately Rs 6 crores in US, UK, UAE and the Asia Pacific, organisers of the IAS say in 2009 they are striving to establish it as a platform for galleries from across the world to showcase an array of art which finds appeal amongst Indian collectors and investors.
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Related Words:
Indian Art, Sales of Artworks, Christie, Art Market in India, India Art Summit, International Fairs, Asia Pacific, Indian Collectors, Indian Artists, Sotheby, Chinese Artists
Related Links:
 Sikh guru’s portrait to go under hammer [Vote Average: 3, Total Votes: 21, Hits: 359]
A large oil on canvas portrait of the tenth and final Sikh Guru Guru Gobind Singh will be offered for sale at Sotheby’s New York Indian Art auction on September 17 2009...
Art | New Delhi | India
Updated On: 9/11/2009
Print | Read On...
 Banaras forgets Tagore anniversary [Vote Average: 3, Total Votes: 123, Hits: 802]
The cultural town of Varanasi simply forgot the great poet, who once had had close connections with the city...
Art | Varanasi | India
Updated On: 5/7/2009
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 Chinese bidder "won't pay" for looted bronzes [Vote Average: 3, Total Votes: 165, Hits: 1057]
A Chinese art collector identified himself on Monday as the winning bidder in last week's Paris auction...
Art | Beijing | China
Updated On: 3/2/2009
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 Collective' organises Intent - IV at Gurgaon [Vote Average: 3, Total Votes: 158, Hits: 1095]
As many as 25 artists are displaying their "collective" strength at Gallery Alternatives...
Art | Gurgaon | India
Updated On: 2/13/2009
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 101.27-carat rare diamond is named as ‘Shizuka’ [Vote Average: 3, Total Votes: 152, Hits: 891]
The naming of a 101.27-carat diamond, considered a rare stone was recently announced by Christie...
Modeling | Hong Kong | China
Updated On: 2/10/2009
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 Indian music gets a winning rhythm [Vote Average: 3, Total Votes: 170, Hits: 1056]
Indian music, it seems, is the flavour of the year. Joining A.R. Rahman who has won a Bafta award is the tabla maestro Ustad Zakir Hussain...
Music | New Delhi | India
Updated On: 2/10/2009
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 Art show traces history of portrait in Indian art [Vote Average: 3, Total Votes: 140, Hits: 1439]
Portraits are rare sightings in art exhibitions these days. But that wasn't the case in the early part of the twentieth century when portraiture was a major part of the art of painters...
Art | Mumbai | India
Updated On: 2/2/2009
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 A musical tribute to Pandit Firoz Dastur [Vote Average: 3, Total Votes: 139, Hits: 1018]
Music lovers honoured Pandit Firoz Dastur for his soulful singing and gentle, knowledgeable persona...
Music | Thane | India
Updated On: 1/31/2009
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 IDI to participate at Macau Show [Vote Average: 3, Total Votes: 99, Hits: 791]
The Israeli Diamond Industry is preparing to participate at the second edition of the Macau Jewellery & Watch Fair...
Modeling | Beijing | China
Updated On: 1/6/2009
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 Miniatures beat the art market downturn [Vote Average: 3, Total Votes: 85, Hits: 1072]
Tracing a contrarians trend, amid a slowdown in the art market, Indian miniature paintings...
Art | Kolkata | India
Updated On: 12/29/2008
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