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Article: Indian art market set for major boom: Experts.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 24, 2008
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Indian art market set for major boom: Experts
Bedika
New Delhi, Aug 24 (PTI) -- Indian art market is growing at the rapid pace of 30-35 per cent annually touching the 1500 crore mark and is expected to witness a boom in the future, say international experts in the field.
Speaking during the first Indian Art Summit, experts predicted that the boom of the Indian art market was because of the interest shown by new buyers seeking art investment for long term gains.
"Indian investors have moved up the art market in a very short time compared to their European counterparts. Indian art is very investable and every year new buyers are coming ...