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The Indian Modern Art Market has held on to its prices in the last quarter of 2011. The established contemporary market did see prices fall in the second half of 2011. The upcoming year is looking better than last year. The second half of 2012 will see prices move in a strong and positive flow for the moderns and for the contemporary artists one will see prices come back to primary levels. Husain, Raza and Souza are looking the strongest in 2012. Other artists to look out for are R Broota, Manjit Bawa, Bikash Bhattacharjee and Badri Narayan. Tyeb is not expected to go up as last year saw a huge jump in price levels. The new young artists below US$ 20,000 are looking strong. This year one will see a few of the young artists cross the previous prices and touch record highs. Jitish Kallat was one of the stars of last year, one is expecting this year to be at the same price levels for this artist. We have 3 auctions coming up in January, so one should wait and watch what happens.
Tushar Sethi
Director :TheArtsTrust.com
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