The Anatomy of the Art Collector
Business World India|3rd June 2023
The growing Indian art market has seen an emergence of collectors keen to add to their collections and diversify their investment portfolios
Jyotsna Sharma
The Anatomy of the Art Collector

Anita and her partner Rohan just moved into their new villa in Palm Springs. This one is in Gurgaon and not in California. At the housewarming party she was talking about the art she wants to buy for the new house. What amazed me was her knowledge of the art market.

For first-time art investors, Anita a 42-year-old entrepreneur, and Rohan a 35-year-old techie, definitely know which artworks to invest in. New age buyers are as knowledgeable about the market as any seasoned collector. They no longer depend purely on the advice of the art advisor at an auction house or a gallery, their own research is spot on.

The Indian art market has had a good run of late, and it continues. An Indian Art Investor and Grant Thornton report studied the overall market performance at auction in FY23. Their findings suggest it clocked an impressive turnover of Rs 1,145.5 crore ($ 144.3 m) through a sale of 3,833 artworks. Further, the average price of art works sold were Rs 29.9 lakh ($37.7 k).

New Kid in Town

Seasoned collectors make up a large portion of the buyers in today’s art market. Be it a preferred artist, subject, series of works or group of artists, avid collectors are continually seeking their next substantial purchase.

Having said that, the Indian art market has witnessed a recent uptick in new collectors who are keen to delve into art and collectibles. The market has seen an influx of young buyers who are keen to experiment with their first collections.

Esta historia es de la edición 3rd June 2023 de Business World India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición 3rd June 2023 de Business World India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS WORLD INDIAVer todo
Technology, AI Driving Warehousing Sustainability
BW Businessworld

Technology, AI Driving Warehousing Sustainability

Anshul Singhal on how Welspun One is rapidly transforming Grade-A logistics and industrial parks across India, offering integrated fund development and asset management for large-scale warehousing solutions

time-read
2 minutos  |
December 28, 2024
DECODING RETAIL'S NEXT FRONTIER
BW Businessworld

DECODING RETAIL'S NEXT FRONTIER

As brands pivot towards omnichannel ecosystems and startups challenge legacy frameworks, the focus sharpens on experiential retail, sustainability and data-driven personalisation.

time-read
1 min  |
December 28, 2024
SORORITY OF WOMEN OF METTLE
BW Businessworld

SORORITY OF WOMEN OF METTLE

Awinter afternoon in mid-December found quite a crowd at the Oxford Book Store on Connaught Place, as bibliophiles congregated at a corner to listen to three women authors, diverse in their passions, but drawn together by an urge to tell their story.

time-read
1 min  |
December 28, 2024
THE LEGACY OF THE AMARNATHS
BW Businessworld

THE LEGACY OF THE AMARNATHS

IN NOVEMBER 2017 the management committee of the Delhi Cricket Association named the eastern stand of the Feroze Shah Kotla ground the Mohinder Amarnath stand.

time-read
3 minutos  |
December 28, 2024
PUTTING THE POWER IN THE POWERHOUSE
BW Businessworld

PUTTING THE POWER IN THE POWERHOUSE

The Asus ExpertBook P5 is powered by an 8-core 8-thread Intel Core Ultra 7 Series 2 processor that clocks a maximum speed of 4.8 GHz, but it does not have hyperthreading. It is light weight, with a smooth glass touch pad. The laptop almost has all the I/O ports you could possibly need in a business laptop, making it an extremely lucrative option for professional computing, says

time-read
3 minutos  |
December 28, 2024
"We must be aware of our energy and water consumption"
BW Businessworld

"We must be aware of our energy and water consumption"

BW Businessworld caught up with actor, philanthropist, and climate warrior BHUMI PEDNEKAR to chat about climate change and more.

time-read
2 minutos  |
December 28, 2024
"Cooking is a passport to the world"
BW Businessworld

"Cooking is a passport to the world"

In conversation with renowned CHEF MANJIT GILL, Advisor at Kikkoman India and President, Indian Federation of Culinary Associations (IFCA). As the former Corporate Chef of ITC hotels, Chef Gill has helped shape iconic restaurants, such as the Bukhara, Dum Pukht, and Dakshin. He has had the privilege of serving former American Presidents Barack Obama, Bill Clinton, George Bush, and the French, Canadian, British and German premiers. In 1992, Chef Gill had the opportunity of being invited to cook for Prince Charles and Lady Diana, at the Palace of the Maharaja of Jaipur. He was awarded the Lifetime Achievement Award from the Ministry of Tourism in 2007.

time-read
2 minutos  |
December 28, 2024
Strengthening Middle Management for Organisational Resilience
BW Businessworld

Strengthening Middle Management for Organisational Resilience

WHAT HOLDS AN organisation together in chaos? Is it visionary leadership, cuttingedge strategies, or robust technology?

time-read
3 minutos  |
December 28, 2024
The Retail Trailblazers
BW Businessworld

The Retail Trailblazers

A look at companies that are making a positive impact on India's growing retail sector with their future fit business and marketing strategies.

time-read
1 min  |
December 28, 2024
Driving Conscious Consumerism
BW Businessworld

Driving Conscious Consumerism

VIDIT JAIN, Co-founder of Kindlife, is leading the charge in revolutionising the intersection of technology and conscious consumerism.

time-read
1 min  |
December 28, 2024