“Selling Art in the Time of a Slowing Market,” Business Standard
February 22, 2009The organizers of the second India Art Summit are pulling out all stops to make it a success in the face of growing skepticism. It’s not unusual that the India Art Summit is raising the pitch as it assembles what it, and many others, believe is the only common, consensual platform available to the industry in the country. That it’s happening at a time when the art market has crashed, when art funds have returned way below aspirations or are seeking extensions, and when all prominent shows have been cancelled, or at least postponed, is a cause of at least some concern to its organizer, Hanmer MS&L. “There’s some scepticism,” confesses Managing Director Sunil Gautam, “akin to the stock market situation.”