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Article: Indian art is big business in the West

Article from:
The Hindustan Times
Article date:
March 19, 2007
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New York, March 19 -- The booming Indian art market has developed into one of the fastest growing in the West with wealthy non-resident Indian (NRIs) collectors and western gallery owners vying for the works of noted Indian painters.

This week, Christie's is holding a modern and contemporary Indian art sale here that is expected to attract several wealthy international buyers.

Prices of Indian art have risen to more than 20 times their value since 2001 in the European and US market. Last year, the total sales of Indian art in England stood at around 106 million pounds, and the figure is expected to double this year.

Sales of Indian art at Christie's and Sotheby's have soared in recent ...

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