Logo


Reason for cheer

If the heated prices at Pundole’s debut auction in Mumbai were any reason to start making predictions of a hardening art market, a recent survey has shown precisely how insignificant India is in the global stack-up. Compared, of course, with China, which in just a few years is in sight of grabbing top slot by value. Already, as the second-most powerful art market in the world, it has a 33 per cent share and as its appetite grows, it should displace the United States (at 34 per cent) sooner rather than later. India’s share? At approximately Rs 700 crore, it’s still standing ...