Husain, Raza Or Souza?

The art boom is no passing phase. You can churn out record-breaking returns by investing in that prized collection. This is an asset for the long term. Given the current exposure that Indian art is receiving, the projected turnover of the market will hold its ground, and further expand over the next decade. The auction market has generated an estimated turnover of Rs 715 crore in 2020 as against Rs 710 crore in 2019. It is safe to expect an increment in prices, given the steady growth in demand and the limited supply of quality artwork. Investment in art as an asset with long-term tangible value and as an instrument to hedge against in?ation, has done exceptionally well. Needless to say, the Indian art auction market stood its ground despite the pandemic. You could well consider last year’s world record established for the most expensive modern Indian painting as a validating...