Wait before you sell that painting

As an art collector or investor you may want to sell some of the works in your collection and buy newer works. Unfortunately, due to tremendous media hype a lot of people have begun to look at art as a short cut to wealth. In six months. That is a myth. Art should always be looked at as a long-term investment. There might be isolated cases where someone has made money by selling a work in 6 months, but these are exceptions to the rule. If one is lucky enough to find a buyer who is willing to pay more than the market price for the work you own, then that is another story. In general, it is not easy to sell art in the secondary market unless you are either a part of or have contacts with a network of consultants, dealers, buyers and investors.

Some art galleries and dealers may assure young and new investors that they can always resell the painting, but in fact selling an artwork is very different from selling gold or shares. Although, gallery offers may appear tempting, one must take the time to consider that your money will be effectively ‘locked-in’ for a certain period when you invest in art. According to a Delhi based art consultant as an investor you must be aware that you must hold the work with you for a minimum of 3 years to get decent returns. In fact, if you can wait a five-year period that is an optimum timeframe which will fetch you better returns.

Investors who have been buying art for several years will happily tell you stories about how they bought a Husain for Rs 250 many decades ago. In fact in those days art was not looked upon as an investment avenue, but some of these ‘investors’ who have held on to their Husains, Razas and Padamsees are now probably a part of the millionaire club. In any case, the point is that one should not be in a hurry to sell art. Keep a pulse on the market, which will give you an idea how prices and the demand for that particular artist is evolving, which will also help you in making the decision.

(Published in Financial Times)

Art market buoyant again

First, let’s have a look at the results of a couple of auctions held earlier this year. Remember Bid and Hammer, the new auction house in Bangalore? It created a lot of interest and in fact quite a stir in the city. Art connoisseurs were very excited at having this auction house in Bangalore.
Now, Bid and Hammer had their first auction of fine art and other works of art on January 24. The results are now finally up on their website and according to them 46 percent of the lots have been sold for Rs 2.78 crores. In contrast, Emami Chisel Art - a Kolkata based auction house that held a physical-cum-online bidding - brought the hammer down on February 23 and have sold 81 out of 89 lots from 70 artists. Plus, M F Husain’s ‘Tribute to Hashmi’ created a record for being the first Husain to cross the $1 million mark at an auction. The other highlights of the evening were Tyeb Mehta’s ‘Kali III’, which fetched Rs. 4.4 crores, and J Swaminathan’s ‘Bird & Mountain’, which fetched almost Rs 2 crores.
The sales touched a total of Rs 24 crores. That is a good sign. It means there is a lot of interest in Indian modern and contemporary art and the market might well be on its way to recovery.


One of the shows that I visited last week and simply had to talk about was noted artist K G Subramanyan’s. Titled ‘The magic of making’, the exhibition had a phenomenal number of works - 120 on canvas and paper, and in various sizes - no mean feat by any standards. For those who are not familiar with his name, he is a multi-faceted personality, and has donned the role of a painter, art educationist, sculptor, writer, art historian and more with aplomb. Born in 1924, Subramanyan studied at Shantiniketan and went on to teach painting at the Faculty of Fine Arts in Baroda.
His art is rooted in the cultural milieu of Shantiniketan and is inspired by Indian crafts, myths and folk traditions. Based on simple everyday events and people, his visual language forms a powerful medium that follows no rules. One of the major artists on the contemporary art scene today, the exhibition is a must watch for all art lovers. However, do be aware that on the day of the preview itself, more than 100 paintings were already sold (this incidentally is a traveling show).

(The exhibition is on till March 8 at Gallery Sumukha, 24/10 BTS Depot Road, Wilson Garden, Bangalore 27. Phone: 22292230)

(Published in Bangalore Mirror)

‘Glamour art’

Indian art is all over the newspapers these days - from the financial pages to ‘Page 3’. And artists are rubbing shoulders with cricketers in the celebrity space. Recently I visited a couple of art shows where a few young artists from Gulbarga were exhibiting their paintings, but unfortunately they neither received any press coverage nor did the show see many visitors. It makes one wonder if art is as much about hype as talent?

Art, in the past, has been as much in the news for its controversies as for its culture. If Husain’s horses were a rage at one time, its rage of a different kind now that’s throwing the limelight on him. Art shows have been dragged from galleries to courts to chat shows on the telly. How many people buy a piece of art because the artist is featured on ‘Page 3’ all the time? Is the price linked to the creative potential or is it proportionate to the artist’s celebrity status?
On the one hand, you have artists who have become permanent fixtures on Page 3 and flaunt their celebrity status, and on the other, there are celebrities turning to the paint brush in a bid to ‘diversify their creativity’. Then, you have artists who are dogged by controversies. Every move and stroke by Husain is covered extensively by the media. Whether you like him or not, the fact remains that you cannot ignore him. Similarly, whether he returns to India or not, the hype surrounding his every word and gesture will ensure he stays in the limelight and commands the same high price.

Suchitra Krishnamurthy is another case in point. Every time she picks up the paintbrush, the media goes into a frenzy. Sometimes, it seems no one really cares or even sees what the art looks like. Celebrity previews are well-attended and from what one hears, it is easier to translate footfalls into sales here. Owning an artwork by an artist who is famous and well-known is seen to be a reflection of status and good taste. After all, we all revel in name-dropping. Plus, celebs sell their art for amounts that would make even senior artists turn green with envy. Being a socialite or an artist who is well-connected has its benefits, it ensures media interest and is a great aid to marketing art.
Maybe we can call it ‘glamour art’. All said and done, the ‘star’ value will be reflected in the value of the painting, so be prepared to shell out a bomb.

(Published in Bangalore Mirror)

An interesting collection of art from teachers

The faculty of visual arts from Rabindra Bharathi University, Kolkata have come together to present their own works in an exhibition titled ‘Changing Images’. Nikhil Ranjan Pal, the convenor of this show has worked with Karnataka Chitrakala Parishath in the past and is now associated with Rabindra Bharathi University. According to him, “Our ‘teachers’ group show is an outcome of those creative reactions where anybody can easily witness a very distinct individual response, style in their separate individual creative manner.” All the works have been done on paper and form an affordable series.
The show sponsored by the University offers the teachers an opportunity to explore their own creativity and put up their works before the public.


Nikhil’s portraits done with colour pencils in a subdued palette have an understated elegance, while Surajit Chanda’s urbanscapes pay tribute to the monuments and historical sites he has visited in the past. Parag Roy from the department of printmaking, has a set of 6 paper constructions that juxtapose images from different cities in a sartorial style that is humorous yet nostalgic. The other ‘painting’ titled ‘Wizard of Baghdad’ that combines the Harry Potter mania with the war-ravaged Iraq is a striking piece of work. Sandip Chakraborty’s sculptures are minimalist in design and Atanu Basu’s abstracts immediately attract with their spontaneity and the bold colourful strokes. Dolanchampa Ganguly’s collages are quite fascinating. The other members of the faculty also offer an interesting mix of styles and some experimentation. In all a show worth visiting for its variety and the delightful range it offers.

(The exhibition is on till February 23 at Time and Space Art Gallery, 55, Lavelle Road, Bangalore 1. Phone: 22124117)

Appreciate art before investing

As art finds a prominent spot in your morning newspaper, chances are that you will come across reviews and a lot of other information about art shows. As there are very few art critics in the country, most reviews and write-ups are done by journalists and freelance writers. Many people buy art based on what they read. It helps to know that media coverage about art shows depends on a lot of factors such as how prominent and well-known the artist is, in case there is a PR agency involved - how well they market it, and also to some extent the gallery’s standing. In that case should one buy art from shows that get extensive coverage across newspapers and other publications? Media hype is good to some extent and helps in establishing the artist, but of course not all good artists receive the same amount of attention.

However, there are several advantages in following updates on art, for one it keeps you abreast of happenings in the art world. It gives you an idea about trends, popularity of artists and price bands. Then again reading about art shows or their reviews gives you a better understanding of the artist’s perspective, and also the artworks. Artist interviews in particular give a glimpse of what the artist had in mind while creating the artwork, how it evolved, and the thought process behind it. Therefore, when you visit the art show, you will be in a better position to assess and evaluate the art in the right context.

Understanding the piece of art or relating to it is the first step in appreciating it. It helps to remember that the response to any art is a very personal experience, and can be extremely subjective. Therefore, you should always visit an art show with an open mind. Your response to it may be very different from the writer’s perspective. The more you learn to appreciate art, the better your judgement will be when planning your art investment.

(Published in Financial Times)