Today : Friday - Sep 19, 2014, 03:19pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

National News

Collectors, archivists upbeat about South Asian art

Sunday - Feb 03, 2013, 12:56pm (GMT+5.5)
[+] Text [-]

New Delhi - The spotlight is on archivists and collectors of art in a reviving South Asian market after the 2008 financial meltdown, when collection had slowed down because of the unrealistic prices. Prices of art are more realistic now after a correction in the rampant escalation during the run-up to 2008 crash.

A cross section of collectors, promoters and art market analysts at the fifth edition of the India Art Fair 2013 in the national capital said new segments of collector-archivists are emerging, from among young corporate professionals with high disposable income, and even international museums like the Tate Modern and Guggenhiem, looking to put together South Asian collections.

The buying pattern has seen a slow shift, from the demand for the top-of-the-rung masters in the last two years by wary collectors, to talented contemporary and emerging artists at bargain prices.

Analysts say India, with an estimated annual art market turnover of more than Rs.2,000 crore, is central to the growth of the collectors' market in South Asia.

"Nowhere else in the world is there so much money to spend as in India. This year is one of real collectors and real sale," Neha Kirpal, founding-director of the India Art Fair, told IANS.

"Nearly 20 booths sold out completely in two days at the fair. There were 23 museums and some of them chartered planes to arrive in India... We have been working for the last two years to build a collectors' base with an initiative, Collectors' Circle," Kirpal said.

The Collectors' Circle launched by the India Art Fair has a membership base of 100 in "tier 1 and II cities of India, international institutions and nearly 70 member countries, where there is a phenomenal interest in Indian art," she said.

"The lack of hype in the market has made people feel that art is not selling. But I think very important collections are being built, with several serious collectors in Mumbai. I see more private museums opening in the next few years," art writer-curator Kishore Singh, head of exhibitions and publications at the prestigious Delhi Art Gallery, told IANS, pointing out that "collections were increasingly built around themes".

Collectors are buying with a certain focus - around a style, movement or medium". Harsh Goenka, for example, collects only portraits and self-portraits of artists, Singh said.

The spurt in serious collection has led to the creation of several new private archives like the Devi Art Foundation, the Harmony Foundation, Kiran Nader Museum of Art, the Floodlight Foundation, the Samdani Foundation of Bangladesh and private collections by regional auction houses.

Parul Vadehra of Vadehra Art Gallery says: "A lot of old collectors are back in the market, and the frenzy of pre-2008 is gone."

The real conflict collectors face is "between passion and collective need," says Hameed Haroon, CEO of the Dawn Media Group, Pakistan.

"A painting, if it's nice, is what a collection needs; not what I want for my walls," Haroon explained.

His personal collection, built over 30 years, include "nearly 800 paintings chronicling modern art in Pakistan, 300 pieces of textiles, few dozen sculptures, 40,000 books and a large library of hand-printed travel documents", Haroon said.

"Younger artists and students have to be involved to adopt a forward looking and positive approach to collecting to be able build collections of utility and dialogue, accessible to all practitioners of art," Haroon told IANS at the India Art Fair.

Salima Hashmi, art educator, writer , artist and curator, collects younger works by younger Pakistani artists to encourage them. "Sometimes, I believe in a work nobody is buying. If I have no money, I exchange it for one of my works," Hashmi, the daughter of poet Faiz Ahmad Faiz, told IANS.

"Collections should not be treated like a piece of land. They have to be nurtured," Hashmi said, adding that given the climate of the subcontinent, preserving paintings is a special challenge.

By Madhusree Chatterjee


Rating (Votes: )   

blog comments powered by Disqus

Related Articles:
» Nine-day Diwali event in Trinidad & Tobago
» Goa CM greets people on Bakr-i-Eid
» Eid fervour high in Taj city
» Delhi's Oxford Bookstore unveils French collection
» Chinese tycoon to rebuild London's Crystal Palace
» Transcend borders this Puja with Pakistan's truck art
» Kamini Kaushal receives Kalpana Chawla Excellence Award
» New book reveals Delhi-Kathmandu Maoist 'deals'
» Slumdog Millionaire' author to carry Torch of Unity
» Indian artists imagine an unknown Russia
» Urdu lovers in Delhi, head to Red Fort
» Low sales hit Delhi art fair
» Tibet that an aching Tibetan heart sees
» Art goes pop at United Art Fair
» Translations: A shortcut into different worlds
» 'China cracking down on Tibetan culture'
» Business and spirituality on the bookshelf
» US professor helps authenticate Van Gogh painting
» Northeast fest to focus on tourism, students' security
» Sushmita Banerjee's memoir sales go up
» No hangups here! Bollywood biggies crossover to TV
» Keeping Indian crafts alive: Andhra shows the way
» Only 21 monuments missing: Culture minister
» Making high fashion of traditional craft
» Stories of Partition from unheard voices

Other Articles:
Indian scientists develop 'snake robots' for rescue ops (3rd Feb, 2013)
Tibetans' struggle a test for non-violence: Sangay (3rd Feb, 2013)
GNLA rebels kill two jail officials in Meghalaya (3rd Feb, 2013)
Vishwaroopam Row: Movie ready for release in Tamil Nadu (3rd Feb, 2013)
Moily asks PM to appoint expert panel to examine fuel pricing (3rd Feb, 2013)
Fast track court to start DAMINI CASE trial from February 5 (3rd Feb, 2013)
'Modi is living in world of dreams': Arjun Modhwadia (2nd Feb, 2013)
BSP councillor accuses Delhi CM of misbehaving with her (2nd Feb, 2013)
Chiranjeevi invites Catalan President to visit India (2nd Feb, 2013)
Communist Party against ordinance on Verma panel recommendations (2nd Feb, 2013)
Omar backs J-K's all-girl rock band 'Pragaash' (2nd Feb, 2013)
Haasan handled Vishwaroopam episode well: Suneil Shetty (2nd Feb, 2013)
New anti-rape laws will create fear among offenders: Krishna Tirath (2nd Feb, 2013)
Fast track court frames charges against Delhi gang rape accused (2nd Feb, 2013)
R P N Singh says Parliamentary elections are fought on ideologies, not individuals (2nd Feb, 2013)
Congress using CBI as weapon to harass political opponents: Naidu (2nd Feb, 2013)
Speculations rife over BJP's PM candidate following next elections (2nd Feb, 2013)
MNREGA bringing momentum in financial inclusion of rural population: PM (2nd Feb, 2013)
Nine SSB jawans held for molesting NCC cadets during train journey (2nd Feb, 2013)
Congress, BJP in war of words over Shinde's 'saffron terror' remarks (2nd Feb, 2013)
Bihar CM Nitish targets Congress over move to hike diesel prices every month (2nd Feb, 2013)
Absolutely incorrect to impose restrictions on Haasan's film: Akshay Kumar (2nd Feb, 2013)
Kiran Bedi calls for holistic response to Justice Verma panel's recommendations (2nd Feb, 2013)
BJP core group decides to boycott Shinde over saffron terror remark (2nd Feb, 2013)
Co-existence key to development of Arunachalees: Tuki (2nd Feb, 2013)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use