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Of the fall and rise of art mart
January 28, 2008
While Bangalore may not have the advantage of Kolkata's tax rebate, it
has, according to Dadha, "the third biggest art buying market after Delhi and
Mumbai, and can be a catchment area for Chennai, Hyderabad, Kochi and
Coimbatore,
together a large chunk of wealthy HNIs".
Bid & Hammer is already exploring the possibility of doing sales not just
in New Delhi and Mumbai, but also in New York, London, Dubai and Hong Kong
- this
last because it may be exploring options to work with a Europe-based auction
house.
It may seem like an awful lot of art on offer, but the gavel coming down
frequently
in the time of art funds, could be a signal of competitive pricing for art
buyers --
a welcome change after the recent galloping prices.
Apparao Art's The Bengal Art Auction II
Also read: A guide to right investment
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