Indian Art Market Analysis

Indian Art Market

Fine art market has broadly four categories: paintings, sculptures, antics, photography.

Paintings alone comprises more than 90% of market revenue. Paintings can be further divided into two categories: Modern art and contemporary art.

Modern art is more predominant and always be playing a major role than the contemporary Indian art. Top five modern Indian artist according to auction revenues in Christie’s and Sotheby’s  are:

1. S.H. Raza

2. M.F. Hussain

3. F.N. Souza

4. Tyeb Mehta

5. V.S. Gaitonde

Similarly top five contemporary Indian artists are:

1. Anish Kapoor

2. Jitish Kallat

3. Ravinder Reddy

4. Atul Dodiya

5. Thukral & Tagra

Currently the Indian art market is valued anywhere between 150-200 million dollar. There’s a large drastic change and improvisation on the Indian art market compared to 10 years ago.

Online portfolios for art market has opened up www.artzest.org is one of the first Indian Subcontinent online art gallery from middle east with a large platform for upcoming to well recognized artists.

Indian art market will also be growing up by 15% in the coming years. Globally speaking figures  will be more than  20% in a year.

Currently India is among the top 4 growing art markets in the world. Considering all these factors its the right time to be investing in Indian art and it will surely give you exceptional returns in the coming years.