Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Indian Art Galleries Feel the Pinch

March 25, 2009 by Marion Maneker

Thaindian.com has  a brief story based on an interview with Ashok Vajpeyi, an Indian poet and critic, who is also Chairman of Lalit Kala Akademi:

“Most art galleries across India have not sold a single art piece for months now due to this recession. Of course, if you ask them, they won’t admit for obvious reasons. There are even galleries that have been closed down.

“For example, Bodhi Art has closed all their galleries in Delhi, Berlin, London and New York…only the Mumbai-chapter is still working. But still I feel it’s the time to buy and stock art pieces because soon after this period is over, the boom-time for art will restart,” Vajpeyi said.

Vajpeyi also talked about the expansion plans of Lalit Kala Akademi. “Lalit Kala Akademi has over 6,000 art works, but we don’t have a place to preserve them. So we have decided to set up an art museum in Delhi.

Recession Good for Art Buyers, Bad for Artists (Thaindian.com)

More from Art Market Monitor

  • What’s at Stake in Christie’s First Auction in IndiaWhat’s at Stake in Christie’s First Auction in India
  • Bonhams Asia Week ResultsBonhams Asia Week Results
  • Sotheby's Indian & SE Asian Works of Art = $9.2mSotheby's Indian & SE Asian Works of Art = $9.2m
  • An Honest Voice in Indian ArtAn Honest Voice in Indian Art
  • Cautious IndiaCautious India
  • Sotheby's South Asian £5.5mSotheby's South Asian £5.5m

Filed Under: Dealers Tagged With: Indian

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor