Global auction house Christie's is planning a series of lectures in India this year in an effort to educate buyers in the country, who are more discerning now.
'We are trying to focus on more education-related activities like a series of lectures on antiquities, classical art and South Asian art this year. We have several specialists in Christie's and we want them to come to India and talk about specialised subjects,' Maneka Kumari Shah, the auction house's India representative, told IANS on phone from Mumbai.
The Indian art market is valued at over Rs. 1,500 crore (Rs.15 billion) and has been growing, though at a slower rate, despite the meltdown.
'The spring sales have put some kind of confidence back in the Indian contemporary art market. The art sold was of good quality and there is liquidity in the market. I don't deny that the market has taken a beating because of the downturn, but reputed collectors are still buying. Indian contemporary art now has more international collectors like Frank Cohen and Saatchi & Saatchi,' Shah said.
The auction house will unveil its collection for the Asian modern art sale in New York with a preview in New Delhi in August.
(Madhushree Chatterjee can be contacted at [email protected])