Exchanging art

(By Nalini S Malaviya)

Art is often bought as a décor element or as a status symbol, and as individual preferences evolve with time, many people like to change their artwork to reflect their current state of mind. Art itself is a very personal experience and no two people will respond to it in the same way. What appeals to one might be completely disliked by another. Some people are drawn to pleasant themes such as landscapes and abstracts, while there are some who prefer figurative art and there are yet others who go only by the artist’s name. The artist’s name has become synonymous to a brand. The bigger the artist the more expensive the product, the greater the brand and hence higher the status symbol.

When most people begin collecting art, they prefer to have smaller budgets and usually invest in young and upcoming artists or works by students. As time progresses, their sensibilities evolve and they tend to invest in a wider range of art and in more contemporary works. With stable financial conditions buyers are more likely to invest in known artists.
In this entire cycle the biggest drawback is that as people collect more art they run out of wall space to display them. The challenge then lies in wondering what to do with works collected earlier. Bartering art is a novel concept and one which has been initiated by a few people but is yet to find widespread acceptance. This could be one way to trade in old art with fresh pieces. Another option that could work well would be where galleries could take back the earlier works and offer newer pieces. The difference in price could be adjusted accordingly. Systems such as these will help the market to grow and expand the buyer base further. It will also instill confidence in buyers and investors. At this point in time the one thing that the art market surely needs is to gain the trust and confidence from its investors.

(Published in Financial Times)

Bangalore Buzz: Book Release

You may wonder, why this information on book release on an art blog? Well, two of my short stories (fiction) are part of the books and although this is not the same as having an entire book to yourself, it's something! If you're in the neighbourhood, do drop by.

Dramatized Readings and Dramatic Announcements

Reliance Timeout and Unisun Publications

invite you to the launch of

1. The Curse of the Bird and other paranormal stories

2. The Shrinking Woman and other stories

Two superb collections of over 30 short stories each from the house of Unisun
The volumes bring together several prize winning writers and their irresistible stories. They contain over 60 stories and 45 authors drawn from all over India and outside it. Their backgrounds are as varied as the stories they have written.
and the announcement of the prizewinners of
The Unisun Reliance Timeout Book Club Awards 2008-09
on March 7th 3 pm -5 pm at the Reliance Timeout Outlet, Cunningham Road, Bangalore
(Parking available in the basement)

A visit to NGMA, Bangalore

(By Nalini S Malaviya)

The National Gallery of Modern Art (NGMA) is nestled in a green alcove off the main road away from the clamor of the traffic. Readers will remember that NGMA opened in Bangalore recently amidst controversies that invoked the ire of local artists and other members of the art community.
At the moment NGMA houses approximately 500 exhibits that are spread across a corridor, tiny rooms and large spacious halls that span two floors. You need at least half a day to see the entire space. The exhibits have been displayed - classified into broad categories - according to different time periods, art schools and by artists. One can see paintings by Raja Ravi Verma, Jamini Roy, Amrita Sher-Gil, the Tagore brothers and Rabindranath Tagore and a large number of Modern and Contemporary artists. While, there has been some effort made to display the older works in various zones, the Modern and Contemporary art section appears a little scattered and it could be organized better.

As one enters the gallery door, one can see old photographs, miniature art from the Rajput and Pahari schools depicting court scenes, and there are several graphic prints as well. A portrait sketch of Rajiv Gandhi done by Mukul Dey in 1945 is on display. Oil paintings by European artists who travelled to India during the late 18th to mid-19th century have also been showcased here. Ghats of Benaras, dancing girls and fauna and flora that represented exotic India form popular themes.


Ravi Verma’s Lady in Moonlight and Portrait of a Lady are two of his works that find a place here. In one of the large halls one comes across a small section dedicated to photographs (mostly black and white) by renowned photographers Raghu Rai and Dayanita Singh – the Masterjee series. Amongst the other works, one comes across a pair of terracotta pigs by N Pushpamala, small watercolour works by N S Harsha, a striking landscape by K K Hebbar, works by S G Vasudev, Yusuf Arakkal and Ravikumar Kashi.

M F Hussain’s paintings inspired by Mother Teresa, landscapes in muted shades by Ram Kumar and an intensely dark work by S H Raza, colourful abstracts by V S Gaitonde stand out due to familiar names. Ritual Image, a complex piece by Nandagopal and Form, a minimal bronze piece by Sankho Choudhuri present interesting dimensions in sculptures. Jamini Roy’s stylized forms and Amrita Sher-Gill’s paintings form a fairly large collection. The museum is a good place to get familiar with art and artists.

According to the official website of NGMA it also conducts educational and cultural activities; I hope that in Bangalore, too, it will take on such a role soon. Having started off on a wrong foot, it desperately needs to re-invent its image. It is imperative that NGMA garners local support and involves active participation from the various members of the art community in the city.

(Published in Bangalore Mirror)

Not the best time to sell art

(By Nalini S Malaviya)

During a financial crunch, people like to have the option of selling part of their assets to obtain liquidity. In the recent past art had been promoted aggressively as an alternative asset class and many buyers invested large portions of money in it in the hope of receiving good returns. However, most people who had invested in art without sufficient knowledge of the art market dynamics are now struggling to resell their works. Although, many galleries began offering buy back guarantees on the works they sold, this often came with clauses regarding timeframe, returns and valid for only select artists. Now that investors are facing major problems in reselling art, most of them are disappointed and disillusioned with art an investment option. It is important to realize that investing in art is an altogether different ball game compared to investing in traditional assets such as stocks, real estate and gold.

At this point in time, there are a large number of people looking to exit but unfortunately given the financial constraints permeating all sectors of the market, it is a difficult option. Many of these investors had bought art hoping for quick and high returns, and while this did happen during the boom period it is an extremely unlikely scenario at the moment.
Still, if an investor needs to exit now, he could either sell directly to a private buyer or through a gallery or a dealer. Rare or high quality works can also be sold through an auction house and one may want to consider that also as an option. As art prices have dropped recently if one is selling now, one should be realistic about the selling price. As we have mentioned in the past also, ideally this is not a good time to exit unless one is forced to. If possible hold on to the work for at least another two to three years.

(Published in Financial Times)

Essence of art

(By Nalini S Malaviya)

Crimson Art Resource organized an exhibition of drawings and paintings titled ‘A tribute to Adimoolam’ a year after he passed away. The display comprising of twenty works sourced from a few art collectors (and from the gallery) presented a small but personal collection which gave insights into some of his early works as well. According to Naozar Daruwalla, the gallery owner, the intention of the show was to present an intimate compilation rather than aim at a large but scattered one. One of the sketches, a life study was done in the 1960s when Adimoolam himself was a student. The drawings were mainly of musicians, horses and still life. The few oil paintings that were on display were landscapes done in his characteristic impressionist style – broad brushstrokes that create a soothing ambience. Adimoolam was known as much for his drawings as for his abstract naturescapes. The exhibition has officially ended, but viewers may still be able to see the works at the gallery in The Hatworks Boulevard.

The other exhibition that previewed a few days ago at Gallery Mementos features drawings by 38 artists from across the country. Curated by Giridhar Khasnis, the show ‘The root of everything’ presents a good cross-section of artists across different generations and varying styles. From artists such as Paritosh Sen, Ganesh Pyne, Jogen Choudhury, Shuvaprasanna, Vivan Sundaram, Ravi Kumar Kashi, Suchender amongst others, there is a wide range of creativity on exhibit. In most of the drawings the artists have followed a similar style and theme as they do in their paintings. The exhibition presents drawing as the essence of all arts, and one finds a wonderful spectrum of interpretations by the various artists – portrait sketches, animal forms and other equally mesmerizing compositions that are rendered skillfully. The few odd paintings that are on display create a jarring effect amongst the exhibition that is otherwise primarily dedicated to drawings. Overall, a must see for art aficionados.

On a sad note, the sudden demise of R. K. Dugar, owner of Gallery Mementos, last week a few days after the exhibition preview has been a shock to many of us. May his soul rest in peace.

(The exhibition continues till February 28 at Gallery Mementos, The Chancery, Lavelle Road, Bangalore)

(Published in Bangalore Mirror)