Скачать или смотреть Indian art market struggles to keep pace with China

(29 Jan 2016) LEAD-IN:
The eighth edition of New Delhi's India Art Fair is opening to the public, bringing together artists, collectors, galleries and curators from around the world.
While the global art market is beginning to show signs of recovery following the 2008 slump, the size of India's art market remains small with few buyers for contemporary Indian art work.

STORY-LINE:
They're all here – from well-known contemporary artists to modern masters.
New Delhi-based Nature Morte Gallery is showing latest works by celebrated contemporary Indian artist Subodh Gupta.
He's known for using everyday objects made from steel, aluminium and scrap material.
Other exhibitors, like Crayon Art Gallery, are showcasing works by modern Indian art veterans like M. F. Hussain and S. H. Raza.
Over 70 Galleries from across the world and art museums from the U.S., UK and France are taking part in this year's India Art Fair.
The region in focus is South Asia, with galleries and artists from India, Pakistan, Nepal, Sri Lanka and Bangladesh showing their work.
Lahore-based Taseer Art Gallery is presenting creations by young Pakistani artists.
That includes Humaira Abid, whose installation of lunch boxes made from mahogany wood and bronze is titled "Don't forget your lunch".
Another Pakistani artist, Mohsin Shafi, has created collages using personal portraits from his life and family.
Gallery owner, Sanam Taseer, started her gallery in 2009 and says most art in her country reflects the ongoing turmoil and violence.
She says contemporary artists in Pakistan are experimenting with various media in their creations.
"The art community is so vibrant in Pakistan, it's really amazing. And of course, everywhere that there's angst and there's strife, you will get amazing art," she says.
Taseer says there are only a handful of galleries for contemporary art in Lahore, but a small, passionate community of young art lovers is slowly emerging.
"My clientele are all quite young, they don't have a lot of money, but they do collect and they are passionate about collecting, which is wonderful," she says.
In India, the number of art galleries has been steadily growing, displaying the work of both the older, well-known and lesser-known younger artists.
But, gallery owners say the scale of Indian business in art remains small compared to China, which has emerged as a key player in the global art market.
Amit Vadehra, a managing partner at New Delhi-based Crayon Art Gallery, says the Indian art market is estimated to be worth around $300 million USD.
Global auction houses such as Christie's and Sotheby's have sold many works by modern Indian masters for more than one million USD dollars, but most of these are acquired by foreign collectors.
India's position on the international art scene remains like a "very small blimp at the moment," says Vadehra.
"China and India used to be equal at some point of time and now China has overtaken about 13 to 15 percent of the world market," he says.
"India is still yet to get to that level. Primarily museums in China are in thousands, we are only counting less than 10 or less than 5 at the moment. So the exposure to Indian art is less."
Anjolie Ela Menon belongs to the first generation of post-independence Indian artists whose works have been shown at galleries and museums in the United States.
She says it's important for Indian artists to exhibit in major western countries like the U.S. which are driving global art.
Menon says young, cash-rich, urban Indians are beginning to look at art as investment, many new buyers are acquiring contemporary art work for their homes.

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