Arts have a high place in the evolution of the race and the actual life of human beings. The art and craft industry is evolving with steadily rising prices over the last 50 years. This steady increase in price combined with added excellence in artworks has made art an asset for investment.
Before investing in art it is very essential to know the hidden value of the particular artwork. The hidden value includes popularity of the artist, history of the artwork, quality of the work, number of exhibitions held by that artist and the previous work of that particular artist. Learning these hidden values can help to achieve greater returns over a prolonged period of time.
Indian art is as diverse as its culture and tradition. The country possesses great artists who produce unique masterpieces, recognized on the global platform. The art industry of the country is estimated to be over INR 500 crores with an annual growth of 35-40% per year. The rising price trend is one of the major reasons of investing in Indian art. Indian artist like M.F.Husain, Tyeb Mehta, Amrita Shergil, Tagore and Ram Kumar are considered to be blue chips of the stock market.
Investing in art has become a niche in the investment sector. This is because of the fact that art is the only survival during economic downturn. Like other financial assets, value of art does not fall down when the market rates are at the lowest. Instead, the art value is rising every day and can prove to be financially rewarding over the long run.
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