You are here: Home » Companies » News
Business Standard

Counterfeits, controversies mar $400-mn worth Indian art market

In January this year, paintings by MF Hussain and Manjit Bawa were withdrawn from an art festival after their authenticity was questioned

Indulekha Aravind  |  Bangalore 

art on bags

"I keep getting requests to certify art works which are counterfeits. When I point out that they are not authentic, the agents try to persuade me by offering me more money," reveals Ratan Parimoo, artist, art historian and director of LD Museum and NC Mehta Gallery in Ahmedabad.

"I have even been told there are people in Rajasthan and Indore who have been specifically engaged to produce counterfeits," he adds.

While the Indian art market is still considered relatively nascent, it is no stranger to controversies over counterfeits. In 2011, Parimoo was part of a panel which found that 20 of the 23 paintings at a Tagore exhibition in Kolkata's Government College of Art were fake.

In January this year, paintings by MF Hussain and Manjit Bawa were withdrawn from an art festival after their authenticity was questioned by the MF Hussain Foundation and businessman and art collector Harsh Goenka. And last week, the authenticity of some paintings that were to be auctioned in New Delhi by Bangalore-based auctioneer Bid & Hammer on Friday was challenged.

But while counterfeits are the inevitable byproduct in any art market, Parimoo's remarks are disturbing and suggest the issue needs to be addressed immediately. Arun Vadehra, of Delhi's Vadehra Art Gallery, while underplaying the size of the counterfeit market, agrees that it is nevertheless a menace that needs to be curbed.

He suggests the setting up of a regulatory body to oversee the sale of art works and another official committee to undertake valuation, might be the solution. He estimates the size of the Indian art market at $400 million and counterfeits, he says, would be an insignificant percentage of this.

But it needs to be nipped in the bud, he clarifies. Ashish Anand, director of Delhi Art Gallery, has also issued a statement saying it is high time a regulatory body was created for the regulation of the art industry in the wake of recent concerns regarding the trafficking of allegedly fake works by members of the art fraternity.

Bid & Hammer, which refused to comment for this article on the grounds that legal notices had been sent to those challenging the authenticity of the art works it was to auction, has posted a statement on the website alleging that "Ashish Anand & Company" were trying to prevent their auction. According to an Indian Express report, several of the 86 lots were unsold.

Nish Bhutani, COO of auction house Saffronart, which has been in the business for over 14 years, says ensuring authenticity is the most important activity they undertake.

The documentary evidence we inspect includes invoices and authenticity certificates from the artist or a respected gallery, dealer or auction house, publishing and exhibition history of the work, photographs and letters from the artist, as well as in-person and detailed inspection by our in-house experts.

He adds that Saffronart has built up an internal digital and physical archive that has a record of every auction sale of Indian art across all auction houses globally, as well as virtually every publication related to Indian art.

The auction house's experts then cross-check images and documents against this archive and by communicating with the relevant gallery or dealer.

Parimoo, however, says the entire process needs to be overhauled as many galleries, dealers and auction houses are interested only in authentication as a procedure and not in the authenticity of the work itself.

How can you believe a certification of authenticity, even by me? Abroad, there are lab tests, old dossiers and records. We need to adopt scientific methods in India, if you are serious about authentication.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, June 29 2014. 22:00 IST
RECOMMENDED FOR YOU
.