Rawfacts - June 2008 IssueThe contemporary art market seems to defy gravity, and the May auctions performed generally in line with expectations. One thing is clear, the art market has polarised around the top-end, which largely appeals to recession proof buyers. But what is happening to the art further down the value chain? Anders Petterson takes a closer look at the situation.
Below is a short summary of the June issue:
Indian art market hit by econonomic woes: The overall ArtTactic Indian Art Market Confidence Indicator fell 13% from the last reading in October 2007. However, despite the fall in the overall ArtTactic Indian Art Market Confidence, the confidence in both the Modern, and Contemporary Indian art markets increased significantly, up 17% and 6% respectively.
Source: http://www.arttactic.com/
2 comments:
Dear Nalini, this is their research result, from 30 indian artists F.N.Souza, M.F.Husain, Ram Kumar, S.H.Raza, Akbar Padamsee, Himmat Shah, Jogen Chowdhury,Arpita Singh, Krishen Khanna, Rameshwar Broota, KG Subramanyan, Vasudeo S. Gaitonde, Zarina Hashmi, Anju Dodiya, Atul Dodiya, Shibu Natesan, Sudarshan Shetty, Ravinder Reddy, Nataraj Sharma, Surendran Nair,
Subodh Gupta, Bharti Kher, Jitish Kallat, Thukral & Tagra, Rashid Rana.You are living in India and better know about all other missing from this list, it clearly suggests from their report that they only went through the data available with their sources, rates of senior indian masters are either as it is or falling little down for last six months, and from their young artist list one is now doing digitals and charging lesser than his original,i don't know how many works have been collected by musseums of Sudershan Shetty as a sculptor, Atul, Subodh, Bharti, Jitish and Sibu are doing very well here and also in international market.I am posting my reply here by describing all these only to request you, you are writing regularly at indian news paper, please try to overlook such things unless many more will be missguided for sure.Thanks
Thanks for your comment. As you said, we living in the country appreciate the market dynamics in a slightly different manner, but I also think that a report like this presents a good perspective from an international stand point - which is always important to have.
Nalini
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