India Art Summit 2011
NEW DELHI— Arts Canteen Director, Aser El Saqqa, visited the Preview of the 2011 India Art Summit in January. The Summit provided clear signs of a burgeoning Indian art market. Strong sales were reported and first-time buyers were abundant, although the fair's organizers were challenged by security issues, both expected and unexpected — including threats by Hindu nationalists against the work of controversial artist M.F. Husain — and a surprise visit by Sonia Gandhi.
The fair changed its timing from August to January this year and has grown in size, with the number of international galleries increasing from 17 to 34. Many galleries reported selling up to 80 percent of their works to first-time buyers, the Press Trust of India reports. Among Indian modern artists, F N Souza showed the strongest sales, while among European moderns, Pablo Picasso attracted the most buyers. Big sales were made to private collectors from the United States, China and Europe.. The works of many Indian contemporary artists sold well, particularly to museum buyers, including Subodh Gupta (who, in an unusual departure, showed paintings instead of sculp...