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Buy Art, Artery India - https://arteryindia.com/buy/space/all |
Online Indian art market is gradually paving the way for attracting online buyers as the Indian art market turned out to be the strongest during the pandemic, as the Indian art online sales have recorded a rise from ₹559.7 crores ($79.1 M) in FY20 to ₹885.6 crores ($121 M) in FY21. To buy original paintings online India, the auction houses eventually introduced hybrid models including live-streams from global locations that saw a never-before seen massive pan-global participation at auction. These timely and innovative moves fueled a rapid turnaround in the art market.
Primary market players like galleries and art fairs also quickly and successfully transitioned to digital platforms for marketing, promotion and sales and in a large way helped rebuild the confidence in the primary market. Increased online activity also triggered price transparency into a hitherto rather opaque art market, thereby moving the art world into a more open direction. Dealers also benefited from the art market’s shift to e-commerce. Technological evolutions have encouraged public interest in and a resulting growth of art through facilities like online databases, online auctions, online catalogs and communication channels.
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Buy Art, Artery India - https://arteryindia.com/buy/space/all |
Artery India is one such online platform which is a sales advisory firm focused on Indian Art. It is an excellent source of information and advice on art in India. It offers a selection of works by legendary Pre-Modern and Modern masters. The range also extends to contemporary works, including works by ‘Artery Artists’, talent exclusively represented by Artery India.
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Indian Art Investor - https://indianartinvestor.com/ |
Indian Art Investor (IAI), is an independent first-of-its-kind art market intelligence firm, focused on Indian art. IAI powers collectors, investors, and connoisseurs of Indian art with an objective, 360-degree, data driven approach to decision making. This is possible through a unique combination of quantitative research and qualitative opinion facilitated by decades of international and domestic Indian art auction data. Buying or selling decisions supported by IAI’s financial insights provide a cutting edge to those interested in investing in Indian Art.
Digital or online sales continue to remain important, accounting for 81.8% of the total works sold and 54% of the turnover generated at auction for the year. The past decade has seen a boom in the online sales platforms across sectors, and it was no different for Indian art. However, the pandemic is what really gave a massive boost to online sales and has actually widened the buyer and investor base by making art accessible to a much broader audience.
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Indian Art auction Market Performance - https://indianartinvestor.com/ |
IAI data reveals that FY22 witnessed the sale of 2,957 works via online auctions clocking a turnover of ₹554 crores ($74.5 M). These online sales account for 81.8% of the total works sold and 54% of the turnover generated at auction for the year.
In conclusion, the Indian art market is at a tipping point of entering a new era, an era of democratization, of transparency, of renewed confidence and of growth; potentially redefining what it means to be an art business in the 21st Century. To become a part of this flourishing Indian art ecosystem and to buy original paintings online India, buyers and collectors can browse through www.arteryindia.com to explore more paintings and grab the wealth opportunities of collecting and reselling artworks.
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