Note: The graphs have been illustrated after tracking
auction prices from all domestic and international auctions and secondary market
records to give an approx price movement of these artist over the given period.
Some analysis are followed by recomendations and forecasts for the artist in
question - these are the opinions of the analyst.
| Indian Drawings Market |
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| The Drawing market is mostly stable worldwide but in India it
has been slow. Most people between 2005 and 2007 who could not afford to buy a
large work by an establish artist but still wanted to buy the artist, bought a
paper work / drawing by the same artist, and the demand for drawings went up
almost 100% by 2008. The drop in prices across the board resulted in paintings
coming down in price which resulted in more people wanting to buy a painting as
the works were now cheaper. This resulted in a reduction in the demand for
drawing. If one looks at the market in 2005 and compares it to today's market,
drawings are still below 2005 demand level |
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| International Drawings Market |
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The international market for drawings has remained strong. 2008 saw a 50% jump
in demand and even in 2011 as compared to 2005 the market for drawings in the
green.
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| Indian Paintings Market |
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The Painting market has been the most stable. It is considered
as the traditional medium and when the markets fell people turned away from new
media , digital, photography, paper works etc to the traditional medium and
paintings actually gained in demand as compared to other mediums. If one looks
at the graph, This medium has gone up in demand and has actually not fallen at
all. The painting market is up 90% from 2005
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| International Paintings Market |
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Internationally as well paintings have been most stable.
Although one must understand unlike the Indian market the international market
is less volatile. When the markets corrected in 2008 the paintings demand went
back to 2005 level but never negative. Since most important paintings stopped
coming into the market at that time collectors waited for important works. The
next 2 years saw an increase in demand.
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| Indian Photography Market |
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The India photography market has been negative since the
economic crash. Market was very hot in 2008 and every one was looking at new
media and new galleries came up selling new media in every corner. Not a stable
market and with very few galleries actually understanding photography this
market crashed very quickly. Even today most big galleries dont understand this
medium and are just supporting what they can find. This market will continue to
stay weak for many more years.
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