India’s only daily newspaper for Art, Architecture, and Design.
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 –
Absolute Tuesdays, a renowned auction event, is set to take place online on July 18, 2023. This 24-hour auction, exclusively hosted on www.storyltd.com, offers an opportunity for serious collectors and first-time buyers worldwide to bid on 43 remarkable works. This Tuesday, for a window of 12 hours, StoryLTD will offer 43 lots in an auction
Absolute Tuesdays Online Auction: A Guide for Bidders Read More »
In what many would consider an unstable and unpredictable year for the economy, 2022-23 boasted some of the most expensive paintings sold in history. After 2020’s lockdown-era auction depression, the market has since regained its pre-pandemic luster, and in many ways, rocketed into an entirely new stratum of opulence. While each work sold has merit
The Top 10 Most Expensive Works in FY 2023 Read More »
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
Paris to New York: How did the Art Capital Shifted? Read More »
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
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
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