Trendiya

It is happening for the 2^nd time and it’s getting bigger and bigger- yeah India is set to give a platform to established as well as emerging artists, sculpture makers, photographers, new media designers, art enthusiasts and collectors. India Art Summit 2009 (19-22^nd Aug at Pragati Maidan, New Delhi) was an answer for making art and the knowledge of art accessible to many by calling national & international artists, art galleries and audiences. A total of around 54 galleries were hosted, out of which 14 were from outside India.

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.