The Indian Art Fair

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The Indian Art Fair is increasingly emerging as an one - stop shop for galleriests, artists and collectors.

Gallerists, artists and collectors say they showcase the best works of artists at the India Art Fair, held annually in New Delhi. It was previously called the India Art Summit.

The Fair was founded in 2008 by Neha Kirpal, a management graduate who was then 28 years. Currently she holds 51% stake, after divesting 49% last year to Sandy Augus and Will Ramsay, co founders of the Hong Kong international Art Fair.

Some of the statistical data about the India Art Fair:

104 Galleries from India and abroad are taking part and the figure was 34 in 2008. 45 of the 104 galleries taking part in this three day event held in Delhi are from India.

25 Countries see representation in the fifth edition of the fair, against two countries took part when it started and they are India and the UK. Rs. 60 lakhs amount borrowed from the banks to start the 2008 edition of India Art Fair. This year total expected amount to be spent will be Rs. 10 crore.

206 lakhs people have visited India Art Fair in it s previous four editions. Sales of Art works crossed Rs. 100 crore in 2012 at IAF.

The price range of each art works displayed at the fair varies from Rs. 1 lakh to Rs. 8 crore.

Other Art Fairs in the international scenario:

LA art Show Outsider Art Fair The Armory show Frieze Art Fair London Art Fair Art Basel Paris Art Fair

Art Beijing Adelaide Festival

Source: The Economic Times dt Feb 03-09 2013

V.SENTHILNATHAN