International and expat households’ love for Indian arts is rising by the day

Foreign and expat families' love for Indian arts is growing by the day

In lots of instances, it’s a cheerful fruits for many who supported artists within the early levels of their careers and helped additional the attain and affect of Indian artwork.

Synopsis

The economic system within the pandemic is an odd beast the place not everyone seems to be on the shedding facet, and people on the successful facet want to spend. Concurrently, it drew consideration to a different reality — in September alone, public sale homes akin to Christie’s, Sotheby’s and Pundole’s have held main auctions of Indian artwork owned by overseas collectors and households.

Final month, at two separate auctions, works of artist VS Gaitonde offered for quantities that set information — the very best and the second highest value paid for a piece by an Indian artist. It mirrored the broader pattern of a worldwide growth in various asset costs as central banks pursue quantitative easing and buyers flee from decrease rates of interest. It additionally reveals that the economic system within the pandemic is an odd beast the place not everyone seems to be on the

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