The Lowdown on Indian Art Investment Funds
With the Indian art market now receiving substantial publicity and receiving significant interest from investors and collectors around the world it would be hard not to recommend contemporary Indian art as part of a portfolio. All the right signs are there with art market indexes being produced for the Indian art market, auction houses showing interest in the region, the creation of at least three major art investment funds (Crayon Capital Art Fund, Osian’s Art Fund and Yatra Art Fund) and galleries all over the world tripping over each other to get the most popular artists on board for exhibitions.
The Mahishasura by Tyeb Mehta
With a population of 1.1 billion people, India has the people power and the potential to have a major impact on the world art market in the future. Several major finance related companies in India such as Bajaj Capital have begun to promote art investment as a genuine option for investors which is a good indicator that the market is in a good position.
A quick search of Indian art or Indian art investment online will give you some sort of an idea of how extensive the interest in this market is. The India Times newspaper has even started an online section dedicated to information on Indian art and art investment which is a good source of information and can be found here: http://art.indiatimes.com/art/Arts-InvesinArt.jsp
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of artmarketblog.com, writes the art column for the magazine Antiques and Collectables for Pleasure and Profit and contributes to many other publications.