It was a hot day, but I felt refreshed almost as soon as I entered the room. There were straw mats laid all over, spiritual music played softly in the background and one could hear the melodious sound of flowing water. The walls of the room covered with art works depicted the elements of nature in tune with the Gods and Godesses.
Satish Gupta's latest collection-Cosmic Matrix II transcends his previous.
Right from the tranquility of Lord Buddha reaching nirvan, the fiery Kali in splashing reds,the holy calligraphically written Arabic scrpit, to the radiating blue shivlingam, Satish Gupta has encaptured the Gods inner force of Space, Fire and Air.
Personal favourite:Transcending Space-A 68" X 48" painting of Lord Buddha in hues of grey.
Inspired from the sculptures at Bayon, the painting depicts the now decayed sculptures test of time by painted cracks all across the face. On a closer look one can see the eye balls of Lord Buddha facing upwards towards the chakra.
Can be viewed at Jehangir Art Gallery, Kala Ghoda, Bombay.
Price Range: INR 400,000-18,00,000.
12 comments:
I have never had the time to really visit art galleries and appreciate art.
Not sure if I am creative enough to realy understand painting..
It could be because, no one that I know (except you) actually goes to art exhibitions.. Maybe you should take me along next time..
Good things in life cannot be priced...so the 400k to 1.8 mn do not matter
the price range interests me..
Any idea how works of art are priced? Its hard to believe that normal microeconomic forces of supply and demand set price. If not, would really like to know the valuation model for works of art. This should particularly interest you, since paintings, art are being touted as promising alternate investments to traditional capital markets. The yet-to-become a buzzword in wealth management.
On your next visit to Jehangir, try 'transcending' your curiosity beyond Arts Gratia Arts :-)
Is that supposed to be Buddhha or Shiva or a cross? i smell fish here.
Oh and totally agree with 666 here. how do u suggest one should go about a study like that?
Points my men and women:
Art funds are already hot in WM space. Unfotunately they are targetted to HNIs and VHNIs only so is out of bounds for most of us. Valuations done by considering the following factors: Painter, current trends in the space (read whims and fancies of buyers), auction status of similar works and (hold your breath) Page 3 status of the painter/painting/art form. Most of these paintings are picked up by the fund manager in conjunction with painters of the same genre, held for a period of 1-10 years and then disposed of. Infact art funds have a min lock in of 1 year in India.
Say, shall we start a comic fund of our own? Pick up rare comics and then sell them in the grey market at high prices. Plenty of market for this in APAC and US.
@kanishka: great inputs there. and probably the type of paint, type of canvas, size of canvas can also be valuation parameters.
Your point makes an interesting corollary. Even after a fund manager has bought the painting, the correct 'utility' can be derived only by displaying it somewhere. Hence by renting it out (if such a thing is possible) one can get an assured stream of cash flows in addition to capital gains after the 10 year period.
Do you know some funds focusing on art investments?
@666 - Kotak has an art fund. Had attended their investor meet where they coaxed us to plug in 25 lacs (min) for the fund. Came back satiated with some delectable cheese, half a dozen glasses of juice and sandwiches.
@fanaah - Sorry to use your blog as a mailing group :D
@ 666,NN,Kanishka:
Art is priced because of present demand and expected supply.
Demand: The demand is ofcourse generated from an artists repute in the market.Artists are valued depending on their imagination of thought, which is why an imitation even if identical never sells as much.
Expected Supply: The older an artist grows his works become more rare, to put it simply the world is expecting them to kick the bucket soon. So that kind of demand-supply factor play their role in pricing.
Type of paint, canvas etc- doesnot matter at all.
The largest art fund in India is 'Osians Art Fund' run by Mr Neville Tuli, minimum investment is Rs 10 lacs(which isnt too much :P). Its very hard to determine the real NAV, as the actual worth can only be ascertained once the painting is sold-like recently at Christies in Dubai an MF Hussain valued at $250,000 eventually sold for $441,600.
Art business is brilliant money, but I hate the thought of someone buying creativity just because he has the money to do so, n not the ability to appreciate it.
bravo P good inputs
and my apologies append to Kanishka's for 'dialogue-ing' the comments.
Matter over and out.
nice blog...
Very interesting comments...!!
Increased my knowledge abt art and art fund tremendously!
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