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Indian Auction Analysis - April 2014

Analysis Art Auction Expensive Market South Asian

The South Asian Modern & Contemporary art market picks up momentum. The South Asian Modern & Contemporary fine art market has been moving from strength to strength in recent months, and the March 2014 season did not disappoint. The South Asian economic and geopolitical environment remains fragile, with Indian national elections looming in May, and the Indian rupee (INR) continuing to recover from its all-time low in August 2013. Nevertheless, markets are pricing in a more positive outlook and this is likely to provide additional support for the renewed momentum of South Asia’s fine art market. Total sales for Christie’s...

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