CONTEMPORARY ART INDIAN ART ONLINE AUCTION
Online auction house Saffronart recently opened a new gallery space in New Delhi, bringing its number of such spaces to three. The company’s online model has been so successful that it has been the subject of a Harvard case study. So why does Saffronart see a need for a physical presence?
Physical link still has value
For now, particularly when it comes to sales of contemporary art in emerging markets, it seems that a physical link to the art community and to collectors still has it place. As Dinesh Vazirani said when interviewed,
We think online is the direction things will go in over the medium to long term. In the short therm, we still see value in having a physical presence.
- Indian Saffronart Spring Online Auction catalogue live – March 2011 – for more on Saffronart’s catalogue and how to view it online
- Online VIP Art Fair disappoints: Is damage fatal? – February 2011 – read about other online art market ventures
- 3 Indian and 2 Chinese artists in top 10 for sculpture auction revenue – December 2010 – contemporary Indian art places well in Art Price’s report on auction revenue
- Artnet chooses Hong Kong as debut venue for new venture – Art Radar scoop interview – October 2010 – read about online auction house Artnet’s physical exhibition venture
- Dinesh Vazirani CEO Saffronart speaks about 2010 market outlook for Indian art – Arttactic podcast – March 2010 – read more about Saffronart and Indian art collection trends