But driving the market are the newly wealthy Indians - the 40 richest Indians have an average net worth of 1.5 billion dollars - and they have turned to art as an alternative investment and a status symbol. Sotheby's sees the potential and is planning to restart modern Indian art sales in London in July.
For the full story - click the title
Irish Art
Snippets of interest to lovers of Art. News about Irish Artists or otherwise. The odd rant...
Monday
Indian Art Heatwave
Prices for modern Indian art have been rocketing. One big buyer is Japanese tinned-fish mogul Masanori Fukuoka, who has more than 5,000 paintings. Other international buyers are Hollywood director Roland Emmerich, and Christie's former chief executive Christopher Davidge.
But driving the market are the newly wealthy Indians - the 40 richest Indians have an average net worth of 1.5 billion dollars - and they have turned to art as an alternative investment and a status symbol. Sotheby's sees the potential and is planning to restart modern Indian art sales in London in July.
For the full story - click the title
Irish Art
But driving the market are the newly wealthy Indians - the 40 richest Indians have an average net worth of 1.5 billion dollars - and they have turned to art as an alternative investment and a status symbol. Sotheby's sees the potential and is planning to restart modern Indian art sales in London in July.
For the full story - click the title
Irish Art
