Celebrating Indian Art

Interest and investment in Indian art is on the rise.

- Jyotsna Sharma

BW Businessworld, put a spotlight on the growing art market with the Masterpiece 2025 summit and awards By Jyotsna Sharma.

THESE days, when planning an evening out, it is fairly common to include visiting an art show in your plans. One gets regular invites to art gallery openings, art exhibition previews, and museum shows. Add to this, the success of the existing and new art fairs, the opening of new museums and galleries all point to the growing interest in art across the country.

Increasing disposable income and the fact that the average Indian is much more well-travelled and culturally aware than ever before has contributed to rising investment in art. As per the Hurun India Art list 2024, the entry point for the top 10 artists rose from Rs 1.99 crore in 2021 to Rs 7.70 crore in 2024, reflecting a nearly 287 per cent increase. Further, the cumulative value of the top 50 artworks of 2024 reached Rs 252.61 crore, up from Rs 82.57 crore in 2021, a threefold increase.

BW Businessworld, India's leading business fortnightly for over four decades, put the spotlight on the dynamically growing Indian contemporary art market with the inaugural edition of Masterpiece 40 Under 40 and Art Excellence Awards 2025. The day-long conference celebrated visionaries, innovators, and pathbreakers shaping India's dynamic art landscape. Experts shared insights on trends shaping the robust growth of the market over the last few years.

Rising stars of the art ecosystem