Art Market Monitor

Global Coverage ~ Unique Analysis

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

Indian Art Eyes Chinese Success with Envy

January 18, 2011 by Marion Maneker

The Indian Art Summit approaches and the volume of complaints about India’s failure to keep up with the Chinese in the competition for a vibrant art market rises to meet it like this from Ajay Seth, CEO of Copal Art:

Seth, who will address the summit, says though ‘Indian art matches international art in terms of quality, heritage and archives, the country has not been able to place it globally’.

‘With a market size of $60 billion, where 60 percent is controlled by the US and Britain (with 30 percent share each), China takes up 18 percent of the global share. India does not figure significantly. The Chinese are buying back their art. Hence, the challenge for the summit is to act as one of the tools to position Indian art globally,’ Seth said.

Seth said his ‘art sales support and promotion platform’ has been conducting ‘extensive hand-holding exercise for Indian buyers to walk them through Indian art with literature and awareness programmes’.

India Art Summit spotlight on market, infrastructure (Yahoo!)

More from Art Market Monitor

  • New York Prints Up 35% Year Over YearNew York Prints Up 35% Year Over Year
  • First Time Buyer Gets Deal in CanadaFirst Time Buyer Gets Deal in Canada
  • Cohen as Cannibal: Collectors & the Power of ArtistsCohen as Cannibal: Collectors & the Power of Artists
  • Hopper's Warhol Prints Pop at Christie'sHopper's Warhol Prints Pop at Christie's
  • Jay-Z, BabyJay-Z, Baby
  • Fondation Louis Vuitton’s Basquiat Show Puts Owners on DisplayFondation Louis Vuitton’s Basquiat Show Puts Owners on Display

Filed Under: General

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