SOLD!

THE ART MARKET IS BOOMING AGAIN AS ART HAS TOPPED THE TABLE OF LUXURY INVESTMENTS IN Q2CY23, PER KNIGHT FRANK. A LOOK AT THE SPACE

Photo by BANDEEP SINGH

SOURCE INDIAN ART INVESTOR, GRANT THORNTON ₹1,145.5 CRORE Total turnover of the Indian art market in FY23 through the sale of 3,833 artworks—a growth of 9 per cent YoY 42 PER CENT Share of artworks sold in FY23 that fetched higher prices than estimated, demonstrating strong demand ₹51.75 CRORE The winning bid for ‘Gestation’ by S.H. Raza at an auction on August 31, making it the most expensive Indian artwork sold at an auction 90.4 PER CENT The share of artworks bought by patrons against the total number of pieces (4,240) auctioned in FY23…

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Business Today (Digital) - 1 Issue, 29 October 2023

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