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FY23 Sets New Records The Indian art market is experiencing a remarkable resurgence, with FY23 marking a blockbuster year for art auctions. The momentum shows no signs of slowing down in FY24. September saw a historic Sayed Haider Raza painting sale, fetching an astounding Rs 51.75 crore followed by Amrita Sher-Gil’s The Story Teller fetches […]
India’s Art Market Soars as Mumbai Prepares for Inaugural Art Fair Read More »
Historic Moment in Indian Contemporary Art A remarkable month for Indian contemporary art reached its zenith with a groundbreaking auction on Saturday at The Oberoi, New Delhi. The star of the show was an Amrita Sher-Gil painting titled “The Story Teller,” signed and dated 1937, which fetched an astounding ₹61.8 crore. This remarkable sale etched
Introduction In the world of Indian art, few names shine as brightly as Amrita Sher-Gil’s. The upcoming Saffronart September Sale, set to take place on September 16, 2023, in Delhi, is generating considerable buzz. Among the 78 works to be auctioned, the coveted cover spot belongs to Amrita Sher-Gil’s masterpiece, “The Story Teller,” painted in
Amrita Sher-Gil’s “The Story Teller” Takes Center Stage at Saffronart Upcoming Auction Read More »
Introduction Thanks to NFTs, the art world has recently experienced a digital revolution like never before. NFTs, or Non-Fungible Tokens, have completely changed how we produce, acquire, and exchange art. We’ll go into the realm of NFT art in this post, explaining what NFTs are, talking about the idea of NFT art, showing its extent
A Glimpse Into The World of NFT Art in 2023 Read More »
A Promising Outlook The global Fine Arts Logistics market is poised for a promising future, as per the latest research findings. In 2022, the market was valued at a substantial USD million, and experts anticipate it to surge to even greater heights, reaching USD million by 2030. This remarkable growth is expected to be driven
Navigating the Global Fine Arts Logistics Market: Trends and Prospects (2023-2030) Read More »
Last evening, Pundole’s Auction House made history by achieving the highest sale total for an auction of Modern Indian Art, breaking multiple records in the process. World Auction Record for a Modern Indian Painting Renowned artist S.H. Raza’s masterpiece fetched a staggering 51.75 crore (6.27 million USD), establishing a new world auction record for Modern
Pundole’s Auction House Sets New Records in Modern Indian Art Sale Read More »
The Twenty-first century witnessed a drastic change in selling or buying of paintings online. India is no exception in this regard. In the past few years, selling online paintings has become a new trend to look up in India. Many young artists now believe that it is better to put art online for sale. Today,
Data from the Indian market shows how phenomenally the market has grown over the past 20 years. While hitherto art was mostly considered a collectable and a luxury item, it has slowly and steadily moved into the category of capital asset, which by its very definition provides benefits over a long period of time. There
Auction Houses have played an important role in the Indian Art Ecosystem. Since auction sales are the only formal source of data available on sales of Indian artworks, they help provide unparalleled insight into the ecosystem. Analysing these sales helps us identify patterns in consumer behaviour and draw conclusions on where the market is headed.
Top Auction Houses of FY 2023 Read More »
A Luxurious Bargain and Elusive Access Private foundations offer a lucrative tax-saving opportunity for the ultrawealthy to donate valuable assets while promising public benefits. However, investigations reveal that some donors have exploited this system to claim millions in tax deductions while offering limited or no public access to their donated assets. The Carolands Mansion –