The Press Trust of India got some sales information from the organizers of the Indian Art Summit:
- “Out of the European moderns Pablo Picasso sold the most and out of the Indian moderns works by F N Souza were the most widely bought,” said organisers of the four-day India Art Summit which concluded here yesterday. There was a hike in the number of new and first-time buyers at the fair with galleries reporting up to 80 per cent of works sold to new and first time buyers, an increase from 30-40 per cent sold to the same category in the fair”s previous edition.
- “Approximately 80 percent of galleries have sold their work with approximately 10 percent of the booths selling all the works they had brought for the fair,” the organisers said in a statement. Among the works sold included blue chip contemporaries, rare modern works of European, Indian modern artists and emerging artists. International collectors from Hong Kong, US, Europe and Australia, including representatives of museums and institutions who were visiting the fair to gauge the Indian market also purchased works. “We have sold over 50 per cent of our works,” Umer Butt, creative director, Grey Noise, the first Pakistani gallery at the Summit told PTI.