The Times of India focuses on the city of Gurgaon and its role in the development of an art market infrastructure. Coporate buyers, the newspaper suggests, are supporting artists early in their career with higher prices than have been previously paid by private buyers:
At a time when art is being looked at as an investment proposition, corporates in Gurgaon are showing keen interest in collecting artwork. The growth in the art market is being looked as the advent of ‘art corporates’, who buy art pieces from artists across the country and sell them to clients, mostly MNCs, high end hotels, hospitals and real estate companies. […] Purnna Behera, an artist from Bhubaneshwar who came to Delhi five years ago, opines that the trend is helping a number of new artists with financial support. “Earlier people only recognized a few names in the art world and preferred to buy their works. There was no place for people like us who have the talent but no platform to present and improvise our works,” said Behara, whose works are being displayed in an ongoing art exhibition at Westin Hotel.
Celebrated contemporary artist Sudhir Bhagat says corporates pay much better for his works than individual buyers. Similarly, Trilochan Anand, a Delhi based artist feels that the art market is increasingly getting organized, which has given a lot of freedom for the experiments.
City Corporates Bullish on Art Market (Times of India)
