Art Market Monitor

Global Coverage ~ Unique Analysis

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

Indian Art Summit Approaches

January 8, 2011 by Marion Maneker

The Financial Times previews the Indian Art Summit that launches on January 21 in New Delhi:

Now in its third year and spanning four days (including a VIP and press preview on January 20), the summit has steadily grown in size. When its doors open on January 21, 84 galleries from 20 countries will show the works of an estimated 500 artists. As many as 60,000 visitors are expected to attend, compared to 40,000 in 2009. In 2008, fewer than 10,000 people came, and sales were little more than Rs100m. […]

The fair, though still in its infancy, struck commercial success early with its mix of works from India and around the world. In 2009, when it was held in August and at a time of cooling art prices, just over half of the works on display were sold, generating about $5.4m. About 40 per cent of these sales were to first-time buyers, showing the curiosity and spending power of a new market.

India’s Art Summit (Financial Times)

More from Art Market Monitor

  • Indian Art Summit Scales New HeightsIndian Art Summit Scales New Heights
  • Indian Art Summit Attendance Triples to 128,000Indian Art Summit Attendance Triples to 128,000
  • Indian Art Summit Sales ReportIndian Art Summit Sales Report
  • Profile of the Indian Art BuyerProfile of the Indian Art Buyer
  • WSJ Goes to Indian Art SummitWSJ Goes to Indian Art Summit
  • Scenes from Indian Art Summit, 1Scenes from Indian Art Summit, 1

Filed Under: Art Fairs Tagged With: Indian Art Summit

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