Please click “i” tab in top right in slideshow for the artist and artwork details!

Three art projects- Purple wall project, exhibiting contemporary work by Indian & international artists and a Video Lounge, showing video art work and a Sculpture park in open area was one of the main attractions.

Indian art market is flourishing with a rate if 30-35% annually. It was $5 million in 2003 but reached approximately $150 million by year 2008. Especially European market is giving 300-400% more to the Indian art market than what it was 4-5 years back. With such great prices & recognition it is difficult to say that trends for collecting art is not booming in this economic downturn; there seems a ray of hope as there is fair response from national & international art buyers in this emerging market.

Update: “Around 250 artworks were sold for a total value of around Rs 26 crore (~ $6 million) by exhibiting galleries,” said a beaming Neha Kirpal, associate director of the Summit. Business at the 2009 Summit was thus more than double of last year’s Rs 10 crore figure. Source.