ART ART AND AND

ART MARKETART MARKET

ART ART AND AND

ART MARKETART MARKETDHANANJAI CHOPRADHANANJAI CHOPRA

CENTRE OF PHOTO JOURNALISM AND VISUAL COMMUNICATIONCENTRE OF PHOTO JOURNALISM AND VISUAL COMMUNICATION

UNIVERSITY OF ALLAHABADUNIVERSITY OF ALLAHABAD

WELCOME IN ART MARKET

WHAT IS THE ART MARKET

• UNORGANISED

• UNREGULATED

COMPONENT OF THE ART MARKET

• ART PROMOTERS

• ART INVESTORS

• ART COLLECTORS

• ART CRITICS

• ART CONSULTANTS

• ARTISTS

• MEDIA MANAGERS

• ART GALLERIES

• ART LOVERS

IMPORTANT GALLERIES• CHRISTIE• OSIAN• SOTHEBYS• SAFFRONART• BODHI ART• APPARAO• SANSKRITI• VADHERA……ETC

IMPORTANT ART FAIRS• BASEL• PARIS• SHANGHAI• SINGAPORE• DUBAI• TOKYO• HONGKONG

…AND NOW IN INDIA

FIRST ART SUMMIT ORGANISED IN AUG 08 AT NEW DELHI

INDIAN ART MARKET

• ESTIMATED TO BE WORTH RS.15000 CRORE

• IN THE LAST FEW YEARS IT GREW AT 30-35 PERCENT ANNUALY MAKING IT THE FOURTH MOST BUOYANT ART MARKET IN THE WORLD

BANKS ACCEPT ART AS COLLATERAL

BANKS ARE – UTI,IDBI,ICICI,BOB,YB,HSBC,CITI BANK

TOP GALLERIES OBTAINING WORKING CAPITAL FACILITIES AGAINST ART

CORPORATES ARE LOOKING AT HAVING ART AS AN INVESTMENT PORTFOLIO

I-T OFFICIALS TURN THEIRMAGNIFYING GLASSES ON INDIAN ART MARKET

GALLERIES ABROAD ARE BUYING INTO INDIAN ART FOR RESALE IN THEIR OWN COUNTRIES

DESI GALLERIES SET SHOPS ABROAD AS INDIAN ART THRIVES

http://www.artmarketblog.com/

FAKE ART WORKS

IT IS A UNIVERSAL PHENOMENON

MANDI KI MAR

MELTDOWN HITS ART WORLD

HUSAIN PRICES DOWN 40 PERCENT

….BUT !

• THE GLOBAL ART MARKET IS UP TO 20 TIMES AS LARGE AS IT WAS IN 1990

• WE HAVE BETTER GALLERIES, CURATORS AND RESEARCHERS

• ART IS MORE PROFESSIONAL NOW

THERE IS A NEW UNDERSTANDING TO ART……..

IT IS YOUNG NOW

IT IS TRUE…… SOME HOT NEW ARTISTS

FROM INDIA ARE CHANGING THE WAY THE WORLD IS LOOKING AT INDIAN ARTISTS

…….AND WHY NOT YOU

THANKS!

PHIR MILENGE KISI ART MARKET ME