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MUMBAI: Twentieth-century Indian art has witnessed steadily rising
prices over the last 50 years; this price trend, combined with some
structural shifts, has prompted a closer look at the industry, and
its investment potential as an asset class.
With Indian Art commanding some of the highest prices abroad; art
has become much sought after in India too. The art market is booming
and the appreciation in the prices of a few artists has been spectacular.
Until about ten years ago, art investment was unheard of. Investment-minded
individuals within India are increasingly drawn to lapping up works
based on their tastes and financial capacity. This has witnessed
a substantial jump in the number of buyers of Indian art.
The growing popularity of Art as a growing investment option and
the need for knowledge and understanding for the subject has prompted
CNBC-TV18 to present The Big Picture - a series of on ground forums
dedicated to understanding Art & Wealth Creation.
The panel comprising of the most revered names in the world of
ART - Mr. Dinesh Vazirani, Director Saffron Art, Mr.Arun Vadhera
, Vadhera Art, Justin Ponmany – Artist, Ajay Seth - Chief Mentor,
Copal Art, Subodh Gupta – Artist
CNBC-TV18'sThe Big Picture: Art & Wealth Creation will be moderated
by Executive Editor of CNBC-TV18, Udayan Mukherjee.
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