A painting is not a bond. A sculpture is not a share certificate. You like an MF Husain or Tyeb Mehta painting because you can look at it for hours and marvel at the brush strokes that evoke history, politics, religion, philosophy; interpreting the scope of human existence itself within the four corners of an otherwise mute canvas. It is a thing of beauty. And you appreciate it. That is why you are willing to spend a few lakhs or even crores to own one.
It is incidental that over the years, demand for these pieces of exquisite art will increase and the oldest law of economics will kick in, bringing you, what bean counters call, a fabulous return on investment. However, if that becomes the point of buying art, well, whats the point? But then again, you cant wish away the market, especially when the reputation of an artist often swells with the price tag.
About seven-eight years ago, Indian art and artists suddenly became cool across the world. Until then, Indian art was defined by a few doyens such as MF Husain, Tyeb Mehta, Akbar Padamsee, VS Gaitonde, FN Souza and SH Raza, whom jargon calls the modernists. As global interest in India started to rise with its buoyant economy, young artists became the toast of collectors across the world, bringing them fame and fortune. Some of them such as Subodh Gupta, Bharti Kher, Atul Dodiya, Jitish Kallat, NS Harsha, Riyas Komu, Sudarshan Shetty and
09:25 AM, Jan 21, 2012
Sanjay Dutt Profile: CEO " Business, Jones Lang LaSalle, India Education: Did his bachelors degree in commerce from University of Delhi and Program in Business Management from International Management Institute (IMI), New Delhi Career: Has 22 years of experience as entrepreneur and services-sector professional in the logistics and real estate industries. He has spent 13 years as a real estate professional in Mumbai The Indian real estate sector is full...
12:45 PM, Jan 17, 2012