Forbes India has this priceless interview with Bijay J. Anand of Kyozan Arts:
Who makes most money in art?
Artists. Husain would make more than the auction houses who make more than the dealers.
How much? Husain has a Ferrari, a Lamborghini, a Rolls Royce, a Jaguar (two methinks) and a Bugatti Veyron. Go figure.
How does an art curator earn a living?By wearing “arty” clothes with designer labels. And by putting together shows that only their family members and dear exasperated friends go for. The wine and cheese is meant to be an incentive but nobody tells the curators that the wine tastes like acid and the cheese tastes like rubber/salt/yuck.
Which are the most promising schools of art to follow, from an investment perspective?The Progressives. And other artists who are usually in the same age group.
Why do Indian art prices lag behind global levels?Because a Picasso, Miro, Rothko or Mondigliani is coveted by billionaires from Russia, China, the US, UK. And Lesotho, Sudan, Mongolia as well as the Fiji islands. Whereas most Indian billionaires don’t own any art at all and neither do they want any.
Basic dos and don’ts to preserve valuable art, please?
Keep in a safe place, keep away from children, keep away from direct sunlight and rain (and moisture), keep away from your wife if she is about to divorce you.
How do I negotiate with a dealer of art?Don’t walk into the gallery and yell, “Yes, yes, yes! Oh my God, that’s it! This is what I’ve been looking for! It is so amazing that I have to have it. I can’t believe how lucky I am to be offered this beauty by this adorable dealer!” Definitely don’t be jumping up and down whilst you are saying all this. It would also help if you can avoid going to the gallery in your Maybach 62S wearing your Audemars Piguet rose gold Montoya.
Are Art Auctions Rigged? (Forbes India)