Artchutney.com partners with Lx-World.com

Lx-World.com is an online media and e-commerce portal dedicated to serve the exponentially growing segment of consumers of luxury products and services in emerging markets. Lx Emporio, part of Lx-World, is a beautifully presented shopping section that offers complete sections from brands as well as independent designers from across the world.
To view a selection of Indian contemporary art on Lx-World, please visit
http://emporio.lx-world.com/design-art.html (click on the 'Art' link)

ISTA HOTEL BANGALORE TO HOST ARTCHUTNEY.COM's NEXT GROUP SHOW

Artchutney.com's next group show begins 21st October 2011 at the Ista hotel in Bangalore.

www.artchutney.com

Investing in art

Investing in art needs some research

With reports in the media focusing primarily on the merits of investing in art and making it appear as an attractive option for all investors, it raises a lot of questions for investors who are attracted to art as a financial investment instrument. Art can undoubtedly give huge returns in the long term, but there are many layers to it, which may not be immediately evident to nouveau buyers, but are nevertheless present and hence require a healthy understanding of the workings of the art market.

It is important to consider various aspects related to investing in art for instance, the risks associated with it, its liquidity and also how it fares against other investment assets. It is inadvisable to consider art from a purely financial investment angle; after all, it is one of the few (such as antiques and collectibles) options which has a ‘decorative’ side to it. It would therefore be rather inappropriate and superfluous to override the aesthetics and visual content of art.

One should consider investing in art only after allocating funds to conventional assets such as stocks, real estate and gold. Also, consider art as a long-term proposition and keep in mind that it may take some time to sell it off when necessary.

Most people who have made a lot of money through art are those who bought works at low prices by artists who would have then gone on to establish themselves in a big way later on. However, it is important to realize that not every artwork will appreciate considerably in the future - prices are likely to increase with time corresponding with the artist’s career but not all will show a significant change or a dramatic graph. This implies that the element of risk is probably high when buying artworks priced in the lower bracket range. Art which is priced higher and is done by established artists is a safer option in terms of investment, but requires a larger outlay from your part. It is also essential that as a buyer or investor you have some knowledge of art and understand the dynamics of the market to an extent.

Source: Nalini Malaviya, ET Bureau

Babu Xavier: Available on Artchutney.com

BABU XAVIER

PASSION UNLIMITED

ACRYLIC ON CANVAS

36" x 48"

ENQUIRIES: 9886281000

YATI JAISWAL: AVAILABLE ON ARTCHUTNEY.COM

Yati Jaiswal's 2011 works are updated under Top Ten for the month of September.

Please visit www.artchutney.com for more information.

Prasanta Kalita- Available on Artchutney.com

PRASANTA KALITA

UNTITLED

ACRYLIC ON CANVAS

48" x 74'

FRAMED

ENQUIRIES: 9886281000

Anand Panchal: Available on Artchutney.com

ANAND PANCHAL

UNTITLED

ACRYLIC ON CANVAS

44 x 12 INCHES

ENQUIRIES: 9886281000

Yati Jaiswal: Solo Show 2011

Yati Jaiswa's Solo Show

Artchutney.com will host Yati Jaiswal's solo show at the India Habitat Centre in New Delhi. Show begins 28th August, 2011.

Art Bengaluru 2011: Article by Jayanthi Madhukar in Bangalore Mirror

Wanna have a dekko at Arakkal’s first car?

Art Bengaluru features a series of events including a childrens’ art contest, an art workshop, speaker sessions, a film screening and culminates with an art and luxury auction

Jayanthi Madhukar

Posted On Sunday, June 12, 2011 at 06:50:36 PM

Art Bengaluru 2011 is back with a bang. Organised jointly by Art Chutney, The Collection at UB City and Sublime Galleria, this festival celebrating contemporary art is on its second year and promises to offer plenty of new features to art connoisseurs and buyers as compared to the 2010 edition. “Art Bengaluru has a three fold mission; one, to reach out to a wider range of people, two, to have an auction that will connect art, luxury and charity and to educate people about art,” says Raj Bagaria of Art Chutney. The highlight of the festival is that there are several outside galleries participating in the festival right from Kanpur, Gurgaon to Kolkata, Mumbai and Chennai.
Some standouts of the festival
The inauguration on June 17 will see the unveiling of Yusuf Arakkal’s art installation-cum-sculpture which happens to be his first car, a 1956 Millicento that had been retired after years of service. According to the artist, “Most of the time the car was in the garage. It began showing its age. And, soon talk of disposing it off began to be heard at home. It was at this that I decided to give it — in a writer’s word — a new avatar. Why not transform it into a work of art?”

Apart from the 17 participating galleries, there are eminent artists and designers who will be involved with the festival. Artists Arpana Caur and Krishna Mehta will talk of art as practiced by them. These speaker sessions promise to delight and educate art lovers.

According to Bagaria, it is the auction that is easily the most awaited event with almost 60 to 70 lots under the hammer. Conducted by noted auctioneer Angira Ariya, the proceeds from the auction is earmarked for the HCG Foundation that is dedicated to providing free cancer treatment to poor patients. Several prominent art enthusiasts supporting the cause this year includes artists Murali Cheeroth and Yusuf Arakkal, gallerists Renu George, Manu Dosaj and Raja Kamal and art consultant Franck Barthelemy.

The week-long art festival this year will feature an art exhibition and a series of events including a childrens’ art contest, an art workshop and film screening by Johnny ML, art critic and filmmaker.

This year, Art Bengaluru will adopt QR technology to help network with a wider section of art enthusiasts. With this technology guests will be able to connect with the festival website, access programme schedules, after-event party information, and the auction details — all from their mobile. The QR codes will be placed strategically throughout the festival zone and interconnected with social media sites.
Art Bengaluru will be at the UB City from June 17 to 25

Art Bengaluru 2011: Event Schedule

Friday 17th June
Inauguration of Art Bengaluru @ 19.30
Unveilling of Yussuf Arakkal's car Installation @ 19.45
Cocktail from 20.00 onwards

Saturday 18th June
Speaker's session : Krishna Metha, artist and designer at Good Earth, an introduction talk about his work @ 18.30

Sunday 19th June
Children Art Competition from 14.30 to 15.30

Monday 20th June
Movie screening : Contemporary Videos by JohnyML followed by a discussion @ 16.00

Tuesday 21st June
Tainted glass making workshop from 16.00 to 19.00
Speaker's session : John Debraj and the 10 commandments of Art @ 18.30

Wednesday 22nd June
Tainted glass making workshop from 16.00 to 19.00

Thursday 23rd June
Speaker's session : Arpana Caur, an introduction to her art practice @ 18.30

Friday 24th June
Auction preview from 11.00 at the ground floor

Saturday 25th June
Art & Luxury Charity Auction cocktail @ 19.00
Auction to support the HCG Foundation @ 20.00
After auction dinner @ 21.30

Sunday 26th June
No activity

Art Bengaluru 2011

Save the date: 17th June, 2011

Article by Jayanthi Madhukar in Bangalore Mirror

Perfect value

When its art for investment Bangaloreans make for hard-nosed buyers. This latest showing by artchutney.com taps right into that sensibility

Jayanthi Madhukar

Posted On Sunday, May 29, 2011 at 06:50:33 PM

The good thing about online galleries is that they can hold many more shows at various locations across the country. Dubbing these shows as the “moving shows”, Shiraz Vakharia, partner of artchutney.com, an online gallery, talks of minimal overheads in the absence of a brick and mortar establishment and the various tie-ups with establishments that enable them to put up the shows.

The gallery has come up with an art show titled 50.25.10 which is not an implausible date on the calendar but a grouping of 50 works from 25 artists across 10 states. According to Shiraz, the stress of this exhibition is on the quality of works, some done by master artists. “There are works by senior artists like Delhi-based A K Patnaik and Bangalore-based C F John who have their own fan following. Also featured are artists like H R Das and Amol Pawar whose works from the bull series has been displayed,” says Shiraz.

According to her, participating artists like Somu Desai from Gujarat and Vikash are showing for the first time in the city. The works have been sourced from the artists and together, they present an extensive array of media; from oil on canvas to water colours on paper to charcoal drawings. 50.25.10 also has some limited number of sculptures in bronze created by Bangalore-based sculptor Dimpy Menon.

“The idea is to present a rich offering for art lovers and investors,” says Shiraz. With a fuss free online gallery, she finds queries coming in from across the world. “The interest in art is there but Bangalore is not known for impulsive buys. Here, people look at ‘value for money’ buys. So, by giving some attractive buying options we hope to lure some truly interested buyers,” she adds.

Buyers’ gallery
The art show is on at the Art Corridor in hotel Taj West End, “In March 2007, both the Art Corridor and artchutney.com were simultaneously launched. Since then, we have done several shows there,” informs Shiraz.

Raj Bagaria, who is the founder of artchutney.com for the event, sums up the ideology of the show, “We take art to public spaces. Bangalore has some amazing public spaces. The real USP of this show is that it encompasses quality works from all corners of India and they come with different price tags. We believe in curating shows around the space keeping in mind the profile of people coming to space. Our next show will move to a restaurant and we shall have works that will be better suited for impulse buys by diners. That is the basic ideology of artchutney.com. Instead of just showcasing certain artists we would rather make the show more proactive.”

50.25.10 at the Art Corridor, Taj West End, from June 4 to 10.

50.25.10 (50 works. 25 artists. 10 states)- Beta Invite

Modern Art- Market Analysis

S H Raza
SH Raza had over US$ 15 million sold in 2010 and was the most liquid artist last year. In 2010 Raza had 3 paintings selling in the top 10 most expensive paintings ever sold in auctions and one of them included Saurashtra which sold for over US$ 3 million. Raza has come back quickly after the fall with a 200% increase in price from 2009 and a 5 year holding giving a return of 120%. Ranked today as number one in Indian art.


M F Husain
MF Husain is one of the top 3 liquid artist this year. If one looks at the graph and considers that one bought a painting in 2005, the price would have gone up over 200% in 2007 which was the high for this artist, then the economic situation changed and 2010 was a low point for Husain. It was a great time to buy as prices have gone up 100% from last year. we are currently trading at 2006 price levels and prices are expected to start going back to higher levels.


Tyeb Mehta

Tyeb Mehta was the only artist who did not see a down turn. Although there was a drop in 2007 due to limited supply Tyeb prices have gone up slowly and is regarded as the most stable investment so far. Having said that he is priced high due to limited supply and can be very liquid at the right price, although if one bought a Tyeb painting in 2005 the upside over the last 6 years has been only 80%


F N Souza
FN Souza is has been the 3 most liquid artist over the last year. Although the artist went up the maximum from all the other artists and in 2007 was giving the highest return of 400% as compared to 2005 price levels, prices came down at the same pace. Last 5 years return has been a little over 130%.


Manjit Bawa
Manjit Bawa comes into the decorative category with prices not moving up. The artist has a very select market and the works in maximum demand are the ones with images of Krishna. Investment return over the last 5 years has been only 40% and not everything of the artist is liquid.


Sakti Burman
Sakti Burman is another decorative artist but his prices have been in the negative. If one bought a painting by this artist in 2005 it would have gone up 250% in one year and would have been the right time to sell. But in 2007 there was a large supply of the artist's in the market with 2 solo exhibitions resulting in an oversupply of paintings. The artist's primary price is much higher than the secondary price and it is better to buy the paintings in auctions as the prices are cheaper. The artist is currently trading in the negative from 2005 prices.


KG Subramanian
The artist has not got a strong demand and is actually one of the weak artists in the market. The high point was 2006 after which the artist kept falling and is still going down. The artist has a very select demand and is not a great investment.


Badri Narayan
Badri in recent times has gained demand in the market, but has a select buyer base. His market hit a high point in 2008 where his water colours were selling at record prices, but he was not one of the top artists in India and the depth of his buyers was not very large the prices came down as fast as they went up. Having said that the artist has made a faster recovery than most others and is considered a stable investment.


Bikash Bhattacharya
Bikash is regarded as the top realistic artist in Modern Indian art. His paintings have a very limited supply but the high price increase was due to a large Calcutta based art fund which was acquiring paintings between 2006 and 2007. Although the paintings were acquired at very high values and will be difficult to sell right now, the fund has a long term view of 10 years but what the fund did manage to do was cut supply of the paintings. Bikash is regarded as a good investment and it is a good time to buy his paintings at the right price.


Manjit Bawa
Manjit has a large collector base and is expected to do well over the next 3 years. His paintings are decorative and have a large buyer base. His market is bouncing back fast and a limited supply will result in prices going back to high points.


J Swaminathan
The market of this artist is not very stable. There are years where paintings come up and do very well and then there are years where his prices come down as well. over the last 3 years Swami's market has seen 3 falls which proves the market needs to become stable before one considers the artist as a good investment.

Source: The Arts Trust

Global Art Market and India

In 2009, as reported by a TEFAF study, the global art market grew by 11 per cent to £40.1bn over 2008. The leading market players included the USA (41% of the global market share), UK (30%), China (8%), France (6%), Germany (3%), Switzerland (2%), followed by Russia, India & Middle East (with fairly negligible market share). According to the study, India's market share accounted for only 203m pound sterling.

In 2010, according to The Global Art Market in 2010: Crisis and Recovery, China has a 23 per cent market share of the global art and antiques market, including auction and private sales. Britain has a 22 per cent share, amounting to about €9.4 billion ($13.1bn), while the US share is 34 per cent or €14.6bn. In effect, China increased it's market share by 15% over the previous year. China is slowly emerging as a major hub for the global art market.

Clearly, India has the potential to emerge from the shadows to play a major role in the global art market (especially considering that we would be the world's most populated country in some time)! Certainly, this would require a lot of hard work from all the stakeholders especially the government and it's stance on the arts, the galleries including the curators, and the art collectors. Artchutney.com is committed to play a role in the growth of the India art market!

Data sources:
http://www.theaustralian.com.au/news/world/china-worlds-new-art-market-elite/story-e6frg6so-1226021966141
http://www.antiquestradegazette.com/news/7059.aspx

ART GIVES YOU THE SAME JOY AS BEING IN LOVE

London: Enjoying an artistic masterpiece may give you the same pleasure as being in love, a new study has claimed. Researchers at the University College London found that the same part of the brain that is excited when you fall in love is stimulated when you stare at great works of beauty.

Viewing art, the researchers said, triggers a surge of the feel-good chemical dopamine, into the orbito-frontal cortex of the brain, resulting in feelings of intense pleasure. Dopamine and orbito-frontal cortex are both known to be involved in desire and affection and in invoking pleasurable feelings in the brain. It is a powerful effect often linked with romantic love and illicit drug taking.

In a series of pioneering brain-mapping experiments, the researchers led by Semir Zeki scanned the brains of volunteers as they looked at 28 pictures. They included 'the Birth of Venus' by Sandro Botticelli, 'Bathing at La Grenouillere' by Claude Monet and Constable's Salisbury Cathedral'.

Zeki found that blood flow increased in areas of the brain usually associated with romantic love.

The study, which will be published later this year, suggested that art could be used to increase the welfare and mental health of the general public and should be protected from budget cutbacks, the researchers said. Previous research has shown that art can reduce suffering in hospital and lead to speedier recoveries.

Source: The Times Of India, Bangalore (Tuesday, May 10, 2011)

ART BENGALURU 2011