The Christian Science Monitor reports that collecting contemporary Indian art is the new rage in the art world. Some pieces are fetching anywhere from $50,000 to $70,000.
“The market for Indian contemporary art is turning bullish and aggressive,” says Anuradha Mazumdar of Sotheby’s. “India is now recognized as a major growth market, forcing international auction houses to pay more attention to it.”
I guess the big bucks that NRIs and Indian dot-commers are raking in have to be spent on something. But it isnÂ’t all FUBU (For Us By Us). Demand for these pieces is coming in from various parts of the world including France, Germany, Japan and the Middle East.
IÂ’m getting in on the ground level on a promising young surrealist. HeÂ’s going to be big some day.
dibs on the first piece TFC sells…
🙂
Damn cute kid. Lucky bastard.
I saw some really great pieces in Calcutta 5 years ago. I’m not sure if that still counts as contemporary, but it did help me come out of my idiotic ABDC notion that everyone in South Asia is unable to depict or express any sexuality.
well i guess rich people have to waste their money on something, be it deepak chopra treatments or bikram yoga.
A friend brought us Art India magazine from Bombay a few months ago, that’s got some pretty cool contemporary art. And it’s kind of gloriously academic — check out the typographical heritage of Mumbai.
That is very cool.
Yeah, I agree.
Is this an art bubble fueled by India’s tech bubble? A quick google search turns up this interesting column: When will the art bubble burst?
See this previous post also: India’s biggest art deal ever.