auction house christie\s capitalises on expanding art scene
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

London-based group to hold first Indian sale

Auction house Christie's capitalises on expanding art scene

Arab Today, arab today

Arab Today, arab today Auction house Christie's capitalises on expanding art scene

1983 painting, Saurashtra, sold for almost £2.4 million at Christie's in 2010
London - Arab Today

1983 painting, Saurashtra, sold for almost £2.4 million at Christie's in 2010 International auctioneer Christie's revealed it will hold its first ever sale in India as it seeks to capitalise on the country's expanding art scene .
The London-based house, which has had an office in financial hub Mumbai for two decades, will stage its inaugural sale in December.
"The decision to hold auctions at this time is a reflection of the strong momentum in the domestic art marketplace," Christie's said in a statement.
The sale also reflects "the increased international appeal of Indian art and the growing participation of Indian collectors across international sale categories", it added.
The sale will mark the first by an international auction house in India, it said.
Christie's chief executive Steven Murphy said the auction would be of domestic artwork and that other sales would follow.
The auctions "will allow Indian collectors domestic access to works of art sourced by Christie's (and) international collectors access to the very best of Indian art", he said.
The plan follows a recent announcement by the auctioneer that it would hold its first sale in Shanghai in September.
While India's art market is still in its infancy, far behind China's, a developing interest in Western art was fuelled by strong economic growth over the past decade.
Last year, New Delhi saw the first sale of international masterpieces to target India, with works by Van Gogh and Picasso among 73 lots by top Impressionist and modern artists going under the hammer.
The results of the sale, however, trailed estimates with fewer than half the works finding buyers, in contrast to international demand for Indian artworks in recent years.
The 1983 painting, "Saurashtra," by Syed Haider Raza sold for almost 2.4 million pounds ($3.6 billion) at Christie's in London in 2010, setting a record for a modern Indian work.
But art prices in India have slipped lately as a result of the global financial crisis and a sharp slowing of India's economy.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

auction house christie\s capitalises on expanding art scene auction house christie\s capitalises on expanding art scene

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

auction house christie\s capitalises on expanding art scene auction house christie\s capitalises on expanding art scene

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday