Art Market Monitor

Global Coverage ~ Unique Analysis

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

Indian Collectors Spending $50m Each Year at Sotheby’s

March 12, 2018 by Marion Maneker

 

Sotheby’s specialist Edward Gibbs was interviewed by an Indian magazine about the house’s upcoming sale of Modern and Contemporary art. The art world is accustomed to hearing about active bidding from Chinese buyers but Indian collectors are less visible. Gibbs offers a little more color on the subject;

How large a market is India for Sotheby’s? Do you have a number of resident Indians who buy from Sotheby’s?

If you look at the last five years the number of Indian buyers of Sotheby’s has doubled. In that same period those Indian clients of ours have spent at Sotheby’s globally in the range of $250 million. That figure is drawn from all different categories. Indian buyers are collecting jewellery, impressionists, international contemporaries, furniture, 19th century paintings. Jewellery is probably the most significant.

Indians Have Spent 250 Million In The Last 5 Years At Sotheby s Edward Gibbs  (BW Businessworld)

More from Art Market Monitor

  • ContemporaryContemporary
  • Who Will Get the Guston Estate?Who Will Get the Guston Estate?
  • Richter Dominates Living Artists Sales Since 2011Richter Dominates Living Artists Sales Since 2011
  • Agnes Martin Authentication Lawsuit Shows Systemic ProblemAgnes Martin Authentication Lawsuit Shows Systemic Problem
  • Christie's Hillman-Lawrence SaleChristie's Hillman-Lawrence Sale
  • Snuff Bottles Dangled on Chinese MarketSnuff Bottles Dangled on Chinese Market

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