#indian art market Archives

AstaGuru’s “International Iconic” Auction Showcases Masterpieces by Global Modernists

Auction / 23/11/2023

In a bold departure from the norm, AstaGuru, a prominent auction house known for its emphasis on Indian art, is set to host a groundbreaking event titled “International Iconic” on November 23-24. This auction will feature an impressive collection of works by renowned international modernists, challenging the perceived partiality of the Indian art market. The […]

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Young Art Enthusiasts: Global Acknowledgement is Propelling Indian Art

art market / 11/10/2023

It is a season of records for Indian art. On August 31, SH Raza’s “Gestation” became the most expensive Indian painting sold at an auction. Ten days later, Amrita Sher-Gil broke his record with her 1937 oil on canvas titled “The Story Teller”. The Current State of the Indian Art Market The Indian art market

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A Statistical Analysis of the Rampant Rise in Indian Art

art market, Columns / 06/10/2023

Art auction houses, which saw a slump in business a decade ago, are uncorking the bubbly and celebrating a red-hot market today. Close to 60% of the works sold this year in March went for prices higher than upper estimates, according to the Indian Art Investor, an art market advisory based in Delhi. Gallerists, auctioneers

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Top Artists To Watch In 2023 Amid The Indian Art Market’s Exponential Growth

art market, Featured / 26/09/2023

Introduction Contemporary artists, through their brilliant works of art, could not just draw collectors’ interest but increase the overall worth of the Indian art market manifold. While art has often been referred to as an ‘alternative’ or ‘non-traditional’ form of investment, the evolution of the Indian art market since the advent of the 21st century

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India’s Art Market Soars as Mumbai Prepares for Inaugural Art Fair

art market, News / 18/09/2023

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

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

art market, art market news / 25/08/2023

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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Top Auction Houses of FY 2023

art market, art market news, News / 19/08/2023

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.

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The Top 10 Most Expensive Works in FY 2023

art market, Featured / 12/07/2023

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

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Indian Art Market: Record-Breaking Prices in Auction, its Time of Art Boom?

News / 09/06/2023

Tsuktiben Jamir Indian Art has been doing exceedingly well in the market, according to financial experts. Once facing a decline in business ten years ago, art auction houses are now joyfully raising their glasses to a thriving market. Recent data from the Indian Art Investor, an art market advisory in Delhi, reveals that nearly 60%

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#indian art market