Hindustan Times, By Shweta Mehta, The slump in the art market may well be a thing of the past, if these current and upcoming initiatives are anything to go by. From on-ground and virtual art fairs to privatised funding and corporate backing, of late artists are receiving support from all quarters. “Art goes back 7,000 years, so if we start packaging it properly, it has huge potential,” says Shailendra Singh, joint managing director, Percept Limited, which has just launched Percept Art to patronise chosen artists and make artworks more accessible. He adds, “Abroad, auction houses like Sotheby’s and Christie’s are very well organised, just like stock exchanges. We’ll have consultants to advise our investors and buyers on how to buy wisely and get a good price. This will also be the inaugural year of India Art Collective, the country’s first virtual art fair. And co-founder Sapna Kar has big plans to expand it already: “We have 40 exhibitors on board with an inventory of 800-odd works by around 200 artists, so it’s a great start. After this year, we have a huge possibility of including global galleries and international art. There is so much we can do with it because the same collective principle can be used in several ways.” Art market finally looking up? - Hindustan Times
