• About Us
  • Advertise with Us
  • Contact Us
  • Privacy Policy
  • DMCA
  • Follow on Google News
Tuesday, September 26, 2023
  • Login
Pink Stories
  • Home
  • Women Entrepreneurs
  • Motherhood
  • Women Awards
  • Entertainment
  • Lifestyle
    • Health & Fitness
      • Pregnancy
    • Fashion
    • Food & Recipes
    • Beauty
  • Others
    • Business
    • Bloggers and Influencers
    • Education
    • Sports
    • Women Scientists
    • Parenting
    • Shopping
    • Social Workers
    • Beauty Pageants
    • Relationship
    • Singlehood
    • Women Authors
    • Women Empowerment
No Result
View All Result
  • Home
  • Women Entrepreneurs
  • Motherhood
  • Women Awards
  • Entertainment
  • Lifestyle
    • Health & Fitness
      • Pregnancy
    • Fashion
    • Food & Recipes
    • Beauty
  • Others
    • Business
    • Bloggers and Influencers
    • Education
    • Sports
    • Women Scientists
    • Parenting
    • Shopping
    • Social Workers
    • Beauty Pageants
    • Relationship
    • Singlehood
    • Women Authors
    • Women Empowerment
No Result
View All Result
Pink Stories
No Result
View All Result
Home Lifestyle

The Rise of Young Art Collector: Radha Kapoor Khanna discusses the expansion of the art market in India

Pink Stories by Pink Stories
July 11, 2022
in Lifestyle
0
Share on FacebookShare on Twitter

The pandemic period has proved to be quite interesting for a lot of sectors. While it may have damaged a number of markets, the art market has actually thrived. Contrary to assumptions that the valuation of contemporary art pieces might have taken a beating during the pandemic times, the demand for the same has only increased in recent months. And the credit for this, in a great capacity, can be given to the enormous interest that young art enthusiasts have taken in collecting art.

The growing appetite for art

Related articles

Renowned Kathak Dancer Ritu Gupta Mesmerizes Delhi Audience with Exquisite Performance in the Lucknow Gharana Style

Renowned Kathak Dancer Ritu Gupta Mesmerizes Delhi Audience with Exquisite Performance in the Lucknow Gharana Style

September 20, 2023
Dabur India Ltd., Dabur Ashokarishta, Eleve, Kashipur, Uttarakhand, Durga Prasad, Prince Khanna, Period Empowerment Campaign,

Dabur Ashokarishta X Swasth Naari, Sashakt Naari

September 18, 2023

Despite the global recession, the art market in India is not taking a hit largely due to the young buyers. For them, it is not just about building an art collection; it is also about creating an alternative asset class. Creative entrepreneur Radha Kapoor Khanna is an art-enthusiasts who believe that promoting creativity and innovation is not limited to one’s personal interests but also acts as an investment toward making India a creative economy.

ADVERTISEMENT

Various industry research reports support the views that Radha Kapoor Khanna holds. As reported by The State of Art, FY2021 emerged to be the best year for the art auction market in India. At Rs. 880.9 crores, the collective turnover of art sales left the sales figure of FY2000 looking minuscule, which stood at a mere Rs 13 crore. The Indian art auction market has registered a year-on-year growth of 57.3% in FY2021, as compared to the figures for FY2020.

ADVERTISEMENT

The rise of young collector

The young art collectors of today are carrying forward a rich legacy of appreciating art that started to take shape in the years after the country gained independence. While a handful of art galleries were open in the early post-independence era, it was not until the ‘80s that the business of collecting art started to gain momentum. The gradual increase in the number of art galleries in the country made art accessible to a larger section of society. Anahita Taneja and Shefali Somani, Founders and Gallery Directors of Shrine Empire, Ashish Anand, CEO and MD of DAG, Renu Modi, Director of Gallery Espace, Tunty Chauhan, Director of Threshold Art Gallery, and Karla Osorio Netto, Director of GaKO, are some of the renowned art appreciators and collectors of India.

However, Radha Kapoor Khanna points out that there lies a major difference between the temperaments and tendencies of the art collectors of the past and those who are pursuing the interest today. Michelle Poonawalla, the granddaughter to architect and painter Jehangir Vazifdar, is a collector and caretaker of her grandfather’s secret painting technique. She is currently working on a public art project for the Prince of Wales Charities, which aims to generate cash to secure elephant corridors in India.“The art collectors in the ‘40s and the ‘50s comprised largely of a close circle of friends and acquaintances who collected art solely for the purpose of appreciating it. Today, collecting art is also a form of investment,” she said.

According to the creative entrepreneur, it is the age of the internet that took art collecting to the next level. As the world became more accessible through the magic of web browsing, one no longer had to undertake arduous journeys to artists all over the country. Online art galleries and art auctions provided greater access to artists and their works, something which caught the fancy of the younger, tech-savvy generation.

The art of collecting art

Online sales of art pieces make up about 50 percent of total art sales in the country today, bearing testament to the rise of young art collectors. Prominent auction houses such as Pundole’s and Saffron Art have also made art viewings available across a larger number of cities. However, the increasing accessibility of art and the mounting interest in art collections do not deem every art piece collectible. How is, then, one supposed to determine which artworks are worth collecting?

Radha Kapoor Khanna points out that while gaining a sound knowledge of the schools of thought, art forms, and artists before venturing into collecting art is advised, one should buy what resonates with their soul the most. “Collecting art can never be solely about whether the artwork you are purchasing bears a high monetary value. The priority is always to buy what you find most admirable, and what fills you with utter joy every time you look at it,” she said.

It is said that the true value of an art collection surfaces only after two or three decades, which is one of the reasons why art is considered a form of investment. Noteworthy art collections are built painstakingly, over time. Therefore, it is important not only to understand the art market in all its aspects but also to constantly develop your own sensibilities towards art and build a rapport with artists, auction houses, and gallery owners.

Art forms flourished through ages

Each type of art is distinct and admirable in its own way. Formerly, these art forms were solely found in wall paintings or murals. However, they can now be found on canvas, paper, cloth, and other materials. Being culturally diverse and distinct, India has a variety of art forms. Some have evolved over time, while others have been untouched by maderisation. For instance, Warli painting is a form of art that dates back to 2500 BCE, originally practiced by the Warli tribes belonging to Thane and Nasik, Miniature painting illustrates a combination of Indian, Islamic, and Persian art style, and Pattachitra, which is an art form that goes back to 5th century originated in Odisha and West Bengal having influence of the Mughal era.

Art meets innovation

In 2021, a new type of investment and art emerged onto the world. NFTs or non-fungible tokens can represent ownership in almost anything, from digital art to virtual art state. In the digital asset realm, proving rights has been difficult in the past, but with the arrival of NFTs, proving ownership has become safer and easier. Karan Kalra, Ravi Koranga, Shreya Daffney, Siraj Hassan, Sneha Chakroborty and Dr Ayush Gaur are some of the famous digital artists to take to this fresh marketplace, where art is sold and bought.

Tags: art market in IndiaCreative entrepreneurRadha Kapoor KhannaYoung Art Collectoryoung art collectors
ADVERTISEMENT
Pink Stories

Pink Stories

Related Posts

Renowned Kathak Dancer Ritu Gupta Mesmerizes Delhi Audience with Exquisite Performance in the Lucknow Gharana Style
Lifestyle

Renowned Kathak Dancer Ritu Gupta Mesmerizes Delhi Audience with Exquisite Performance in the Lucknow Gharana Style

by Pink Stories
September 20, 2023
0

New Delhi: Ritu Gupta presented a captivating Kathak dance performance in Delhi, showcasing her remarkable talent in the classical dance form. The event took place at...

Read more
Dabur India Ltd., Dabur Ashokarishta, Eleve, Kashipur, Uttarakhand, Durga Prasad, Prince Khanna, Period Empowerment Campaign,
Health & Fitness

Dabur Ashokarishta X Swasth Naari, Sashakt Naari

by Pink Stories
September 18, 2023
0

Dabur Ashokarishta Supports Breakthrough Period Empowerment Campaign Kashipur, Uttarakhand, : In a heartwarming display of breaking stereotypes and embracing empowerment, a family in Kashipur, Uttarakhand, chose...

Read more
Dr. Noopur Warwade's The Skin Routine: Where Mumbai Finds Skin Perfection
Health & Fitness

Dr. Noopur Warwade’s The Skin Routine: Where Mumbai Finds Skin Perfection

by Pink Stories
September 18, 2023
0

Unveiling the Premier Destination for Safe, Effective, and Affordable Skin Care in Mumbai Mumbai, Maharashtra : In the world of skincare and dermatology, discovering a hidden...

Read more
Unlock Beauty and Bliss with Bloom & Bliss: Your Journey to Radiant Confidence
Beauty

Unlock Beauty and Bliss with Bloom & Bliss: Your Journey to Radiant Confidence

by Pink Stories
September 13, 2023
0

Mumbai, Maharashtra : In the world of self-care and beauty, there's a brand that's redefining the way we perceive skincare and grooming. Bloom & Bliss isn't...

Read more
World Renowned Best Tarot Card reader Monica Divine Angels Healing Studio
Lifestyle

World Renowned Best Tarot Card reader Monica Divine Angels Healing Studio

by Pink Stories
September 9, 2023
0

Monica Divine Angels Healing Studio, the mystical world of occult science comes to life through various practices, including Tarot Reading, crystal ball gazing, astrology, numerology, and...

Read more
Next Post
Who Wore it Better, Actresses Urvashi Rautela and Alia Bhatt Slay The White Pantsuit Look As the duo takes the styling a notch higher

Who Wore it Better, Actresses Urvashi Rautela and Alia Bhatt Slay The White Pantsuit Look As the duo takes the styling a notch higher

An astute for many: Jonita Dsouza

An astute for many: Jonita Dsouza

18-year-old Sweezal Furtado crowned as Miss Supermodel India 2022 - 2nd Runner Up

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Vanitaa Rawat a well known Content Creator and NLP Practitioner inaugurates Rivaaj Fashion Lifestyle Art exhibition
Bloggers and Influencers

Vanitaa Rawat a well known Content Creator and NLP Practitioner, inaugurates Rivaaj (Fashion – Lifestyle – Art) exhibition

July 20, 2021
dessert specialist who is on a hunt for the best desserts in the UAE
Food & Recipes

Sugarskull-dessert specialist who is on a hunt for the best desserts in the UAE

May 1, 2021

TAGS

actress actress Giorgia Andriani Actress Jyoti Saxena Actress Pranati Rai Prakash Ahmedabad Author blogger Content Creator designer apparels décor entrepreneur Fashion fashion accessories fashion exhibition of India furnishing concepts Ginny Kapoor Hi life Exhibition home accessories India's Most Prominent Pageant influencer Influencerquipo jewellery Marriott Surat Mayaa SH model Mr. Gagandeep Kapoor Mr.Gagan Kapoor Mrs.INDIA Galaxy 2022 Mrs.INDIA My Identity Mrs.INDIA My Identity 2022 Mrs. INDIA My Identity pageant Mrs India Galaxy Mumbai national pageant National Pageant Mrs.INDIA Galaxy 2022 Seema Kalavadia social media Social Media Influencer Soumita Saha Surat Surat Hi Life Exhibition Urvashi Rautela Vibrant Concepts wedding ensembles Women Empowerment

Pink Stories, a vibrant online community and resource center for women around the world! We are dedicated to empowering and uplifting women of all ages, backgrounds, and experiences. Our website is a safe and inclusive space where women can come together to share stories, find inspiration, and support each other.

© 2022 Pink Stories - Design & developed by Brand Maker RD.

  • About Us
  • Advertise with Us
  • Contact Us
  • Privacy Policy
  • DMCA
  • Follow on Google News
No Result
View All Result
  • Home
  • Women Entrepreneurs
  • Motherhood
  • Women Awards
  • Entertainment
  • Lifestyle
    • Health & Fitness
      • Pregnancy
    • Fashion
    • Food & Recipes
    • Beauty
  • Others
    • Business
    • Bloggers and Influencers
    • Education
    • Sports
    • Women Scientists
    • Parenting
    • Shopping
    • Social Workers
    • Beauty Pageants
    • Relationship
    • Singlehood
    • Women Authors
    • Women Empowerment

© 2022 Pink Stories - Design & developed by Brand Maker RD.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In