APRIL 2012 After a small break in March, indiskkunst.dk is back again. So obviously are the art markets - which can be seen from the number of sales of modern and contemporary Indian art in March by Christie’s and Sotheby’s. But a strong signal could already be felt last October, thanks to the success of the major Contemporary Art fairs (Frieze in London and FIAC in Paris). Although the start of 2011 was not too promising, the year unfolded to become the best ever in the art market history with almost US$ 12 billion in total global annual revenue. The Indian art market was also doing well with an annual turnover around US$ 300 million. On the global level Anish Kapoor is still the best selling Indian artist, followed by M.F. Husain and Tyeb Mehta. If you want to follow the development of the Indian art market the website of The Arts Trust is a good place to look. Although not fully independent - as The Art Trust also is selling art - the Trust gives a fair analysis of the Indian art market in general and the development of the prices of different artists. As can been seen from the website, 2011 was an extremely good year to sell works of Manjit Bawa. What advice can I give? Which artists should you not buy just now? Just look up on the website for yourself! It's fun!
|
