In June this year, Sotheby’s raised USD7.9m in a mostly Indian art sales. In the same month, Saffronart sold art worth USD6.7m, and together with a Christie’s two day sale of USD18.1m, Indian art sales for the month of June totaled a substantial USD32.7m.
Do's & Donts= Artwise- Do Not attempt to become an Art collector by being witness to a few exorbitant prices at which paintings are selling because the prices may decline during periods of depression. However DO, collect by seeing paintings that appeal to you and continue to buy works and eventually become collectors.
The rapidly growing market for Indian art has witnessed spectacular success in recent times. With art vastly becoming a viable and a profitable business for investors, with Indian art being positioned as a very popular opportunity in auctions as well; with the demand being two fold both from the Indian and from international market, Indian art market is on a growing spree .
Re: copal art, indian art, ajay seth, ashok vajpeyi
by me_artindia1@rediffmail.com on Nov 20, 2010 05:00 PM
Increase in Demand due to: Rapid economic growth- Wealth In India to double in 5 yrs according to Credit Suisse Global Wealth Report, 2010. Increasing requirements for wall space as a result of more increasing infrastructure- offices, hotels, hospitals, etc. Increasing awareness- Increasing awareness of Art’s aesthetic value as well as a collectible. Recognition of Art as an Asset class as a prominent asset class worldwide.
Re: copal art, indian art, ajay seth, ashok vajpeyi
by me_artindia1@rediffmail.com on Nov 20, 2010 04:57 PM
Increase in Demand due to: Rapid economic growth- Wealth In India to double in 5 yrs according to Credit Suisse Global Wealth Report, 2010. Increasing requirements for wall space as a result of more increasing infrastructure- offices, hotels, hospitals, etc. Increasing awareness- Increasing awareness of Art’s aesthetic value as well as a collectible. Recognition of Art as an Asset class as a prominent asset class worldwide.
Re: copal art, indian art, ajay seth, ashok vajpeyi
by me_artindia1@rediffmail.com on Nov 20, 2010 05:02 PM
Copal Art Portfolios are constructed keeping in mind the future prospects of undervalued artists that are backed by Copal’s consistent research, recommendations and market updates.
Re: copal art, indian art, ajay seth, ashok vajpeyi
by me_artindia1@rediffmail.com on Nov 20, 2010 04:54 PM
If you look at the average sale price for the top 50 performers in Indian Art , it would work out to Rs. 25 lacs per work.it might sound interesting & impressive but against an average Rs 5 cr for works from US, UK , China & Russia, it appears minuscle”. High Returns Indian Art market grown from $2m to $400m (ET 2008). Prices of Modern Masters rose more than 1000 times in last 15 yrs
Did you know that the Art industry supports 2 million jobs worldwide with India contributing to just under 1% in that sector. India Buck up, lets take this as another opportunity to eradicate unemployment!! while Copal seems to be contributing the largest share in the Indian art, what about the others????
Did you know that the Art industry supports 2 million jobs worldwide with India contributing to just under 1% in that sector. India Buck up, lets take this as another opportunity to eradicate unemployment!! while Copal seems to be contributing the largest share in the Indian art, what about the others????
Re: indian art
by me_artindia1@rediffmail.com on Nov 19, 2010 05:32 PM
Through its extensive research and expert team, Copal Art is able to procure undervalued works of Indian art, ensuring growth prospects for client’s portfolio. Unlike an art fund, Copal Art’s delivery linked model provides a collector, an opportunity to own and take possession of the art works. Such a model allows the collector to gain both from the appreciation of the art work as well as its aesthetic appeal.
Re: Re: indian art
by me_artindia1@rediffmail.com on Nov 19, 2010 05:33 PM
Art is one of the most enduring of human inventions. It has involved over the period, creativity, imagination and courage. Through ages art has been patronized, collected and enjoyed by kings and nobles, by aesthetes, art scholars and by ordinary people as well. As the world economy grows bringing wealth and pleasure to many more than ever before in human history, art has emerged world over as a significant area of interest. India is no exception to this emergence since India has been richly endowed with a very long tradition of plurality of art as well as its contemporary expressions.
Re: Re: Re: indian art
by me_artindia1@rediffmail.com on Nov 19, 2010 05:36 PM
Copal firmly believes that in our society there are enough people who want to invest their money towards improving the quality of life and joining assets which are enriching and ennobling. We believe ART to be such an asset. Art pleases, refines and uplifts; it is an area of abiding interest and ever enhancing value.
Re: Re: Re: Re: indian art
by me_artindia1@rediffmail.com on Nov 19, 2010 05:39 PM
Copal in association with E & Y (Global Strategic Advisor) is introducing CAP (Copal Art Portfolio) Series IV-an art placement and advisory portfolio worth $ 250 Mn in the year 2010 and is also creating the world’s first Indian Art Bank of an equivalent value.
Re: Re: Re: Re: Re: indian art
by me_artindia1@rediffmail.com on Nov 19, 2010 05:41 PM
Why Indian Art?- Grossly undervalued, a rich history of culture and tradition, long term appreciation opportunities, meagre market Size( 1/2000th )compared to that of the global art market.
Re: Re: Re: Re: Re: indian art
by me_artindia1@rediffmail.com on Nov 19, 2010 05:40 PM
Why Indian Art?- Grossly undervalued, a rich history of culture and tradition, long term appreciation opportunities, meagre market Size( 1/2000th )compared to that of the global art market.
