'Indians are spending more on art, but don’t mistake art for investment'
Veteran gallerist Dadiba Pundole highlights art as a legitimate investment, citing an expanding base of wealthy collectors and greater market transparency as key factors driving interest and potential growth.
The Indian art market is undergoing a transformation as auction values soar, a larger pool of buyers enters the scene, and increased transparency reshapes the industry that was once restricted to a select few collectors. Varuni Khosla, a journalist with Mint, delves into this evolving landscape.
Varuni, who has been reporting on India's consumer economy since 2009, has dedicated the past years to closely tracking the growth of India's luxury and hospitality sectors, the evolution of advertising and marketing in the digital age, and the commercialization of sports. Her coverage of the art world specifically investigates the burgeoning global market for South Asian art and the pivotal roles played by collectors, galleries, and auction houses.
However, it is crucial to remember that despite the burgeoning market, one must not confuse the art market with an investment opportunity. The journalist emphasizes the distinction between the two, urging readers to understand the nuances that set them apart.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
