Abirpothi

art market

ART ONLINE FY-2023: How Online Platforms Fuel the Discovery and Growth of Unique Art Forms.

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,  […]

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Art as an Investment: Insights from the Indian Art Market’s Growth and Investment Potential

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

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How the Ultrawealthy Use Private Foundations to Bank Millions in Tax Deductions While Giving the Public Little in Return

 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 –

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Paris to New York: How did the Art Capital Shifted?

Smriti Malhotra  For several decades, New York has maintained its status as the capital of the art world. According to Robert Manley, the deputy chairman of Phillips, New York continues to bring high-quality artworks to the market, a tradition that has contributed to its sustained success. Recent research supports this notion, revealing that while the

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The Collector’s Guide to Tax and Art: How and Why Does One Invest In Art and Manage the Tax Risks?

Shweta K. The intricate fabric of India’s diverse cultural and social traditions best comes alive in art, which reveals its unending, fascinating stories. In fact, art in all its avatars has for centuries now been an undeniable cornerstone of our rich and varied cultural heritage. Over the years, art has captivated the interest of innumerable

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Marie Antoinette’s Poodle Propels Mid-Season Old Masters Auctions in New York to Nearly $13 Million

Iftikar Ahmed Christie’s and Sotheby’s recently held mid-season Old Masters sales in New York, which collectively generated $12.9 million in sales. While this figure is modest compared to auctions featuring higher-value lots, specialists at both auction houses are dismissing concerns about the health of the Old Masters market. In recent years, the dominance of Old

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Indian Art Market Continues Remarkable Growth in FY23: Turnover Reaches 1,145.5 Crores ($144.3 Million) with 9% Increase

Iftikar Ahmed The Indian art market witnessed another year of remarkable performance in FY23, building upon the previous year’s success. With a substantial turnover of 1,145.5 crores ($144.3 million) generated from the sale of 3,833 artworks, the market experienced a 9% rise in turnover and a 6% increase in the number of works sold compared

Indian Art Market Continues Remarkable Growth in FY23: Turnover Reaches 1,145.5 Crores ($144.3 Million) with 9% Increase Read More »

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