A good piece of art always gives that extra edge to the aesthetics of the room. While there are many forms of art like sculptors, installations, etc, in India the art market is dominated largely by paintings.
While earlier art was collected more like a passion, without a doubt, art as an investment has gained popularity over time. Art as an investment has been gaining gradual acceptance in India.
Many long-term investors have diversified portfolios which include artworks from both Indian and international artists. Business families too often approach investment in art, either as a valuable collection and/or as an instrument of wealth creation.
In fact, many family offices have even included art as part of their investment portfolio. Art collections have also found themselves as an essential part of estate planning, as valuables to