You don't have Bidding Access. Please upload KYC in My Account or contact Astaguru.
A guide for new-age art collectors
By IANS Live
Apr 15, 2021
It is imperative to study the artist’s practice and build a symbiotic relationship with the creation, says the spokesperson of a homegrown auction house
April 15, 2021 (IANSlife) Given the current exposure Indian art is receiving, the projected turnover for the market will hold its ground, and further expand over the next decade. Analyzing, researching, and thereafter including Indian art properties, during the asset planning and strategy phase should not be undermined, says Siddanth Shetty, V.P. Business Strategy and Operations, AstaGuru.
He further writes:
"Indian art has proven to be a safe asset with long-term goals and has even done well during inflationary periods. However, having said that, art will always be a subjective investment, in?uenced by the trends of the time. Therefore, one must always keep their ears to the ground and validate an acquisition, backed by research and analysis. Factors such as an artwork’s exhibition and publication history go a long way to prove the work’s importance, it not only validates its authenticity but also places the work on a pedestal of sorts. Other crucial factors that one should exercise due diligence about is to trace the provenance of the artwork and follow the respective artist’s auction performance before committing to a transaction or a bid."