Article: In New Delhi, 'Art, Money and Desire'; 3-Day Summit Brings Together Creators, Gallery Owners and Avid Middle-Class Collectors

There is no wall space left in portfolio manager Latika Thukral's new suburban bungalow. In the past seven years, she has spent most of her disposable income on contemporary Indian art, mirroring a new investment trend among the upwardly mobile Indian middle class.

"People who know nothing about art are buying it. They come with pockets full of cash to art galleries. There is art under their beds," Thukral, 42, said Friday as she chatted with gallery owners and artists at the opening of what is thought to be India's first art fair.

In response to a global buzz around Indian art, the three-day India Art Summit is promoting New Delhi as an international art hub, bringing together contemporary ...

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