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The values of many artists are very high. Will it continue to increase.
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By : ramg
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What one must understand is that not many people have actually got into the art market. Buying art has become popular now in cities. But not all of them. Only the major ones. There is a lot of money in rural India and the rich there are still not into the art market. Once they all get into it we are going to see boom like no other ever seen. Thus it is up all the way.
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By : tigerhill
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THE NUMBER OF ART FUNDS THAT ARE COMING INTO THE COUNTRY IS GOOD FOR THE MARKET.
There has been more than 400 cr in public and private funds managed by fund managers that have been started in the last 9 months. With so much of money in the market it is not going to solw down.
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By : ashwin_u |
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The 400 cr amount is it correct?
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By : Jal
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More or less
Osians - 120 cr Crayon Capital - 60 cr Kotak - 30 cr Edelweiss - 25 cr and now another fund for 60 cr Deepak Shahdapuri (london) 35 cr 2 private funds in Mumbai - 1st with around 60 cr and 2nd with 25 cr one private fund in delhi - 25 cr and now 3 new international art funds are going to start
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By : tigerhill
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All this is good but the question is when these funds want to exit their art will there be buyers in the market. or will there be more funds to buy their art.
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By : ashwin_u |
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I attended the CNBC art investment talk, but left soon after it started. I feel that an important point was mentioned. Indian art market is 1% of the world art market and the GDP is 7% of the world. So the art market has got a long way to go.
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By : Jal
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The current market is around US$ 300 million a year. I see it to go to US$ 1 Bl 2010.
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By : ashwin_u
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The art market will keep rising only if more genuine international buyers come in.If this doesn`t happen the market will stablise.
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By : misrani |
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I think the market for investment quality art begins at a certain economic level and keeps going up....the circle is hence not rooted in the still developing indian economy.....the emergence of art funds is a positive step towards adapting the indian art market to the indian economy....but not the last steps.....the world art market has a long way to go before it is embeded into the world economy like other investment markets.....
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By : nm5587 |
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It has come to my knowledge that all the art funds have been sent a show cause notice by SEBI on the application of Collective Investment Scheme guidelines to them .
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By : ndshahs |
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Tried to find out more but have not heard about this SEBI. But I see art as a great investment. This correction that has taken place is only short lived. The market shall go back up and paintings shall sell at prices like never before. It is a good time to buy. - 16 oct 2007
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By : ashwin_u
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well I think that art is still a good investment. The market is only .25% on the world art market and one expects this to become and grow to 2% that is 10 times the current level. the total sale of the indian art market is equal to one painting sold in america.
so yes i think it will boom, buy what you can.
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By : ramg
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yes i agree buy what you can jan 2008
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By : ashwin_u
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I agree - the next boom will see prices go up and go to another level that will shock every one.
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By : Jal
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