Why Is India's Art Market Booming? A Veteran Collector Weighs In | Artnet News
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Why Is India's Art Market Booming? A Veteran Collector Weighs In | Artnet News
"The Chennai-based Indian art collector and logistics heir Jaiveer Johal has amassed an extensive collection of South Asia art that ranges from Indian Modern masters such as M.F. Husain and Krishen Khanna to contemporary icons like Sunil Gupta. In 2024, he founded the Avtar Foundation for the Arts, which is named after his mother, to promote Modern and contemporary South Asian art."
"On one hand, auction results for Indian Modern masters have reached record highs, generating a lot of buzz and renewed confidence. Sales at Sotheby's, Christie's, Saffronart, and others have shown sustained momentum. At the same time, contemporary gallery programs have matured considerably. Galleries such as Experimenter, Nature Morte, and Jhaveri Contemporary are mounting ambitious exhibitions abroad that fill historical gaps, particularly from the 1960s through the 1990s, reframing Indian art within a global art-historical context."
Jaiveer Johal, a Chennai-based collector and logistics heir, assembled an extensive South Asian art collection spanning Modern masters like M.F. Husain and Krishen Khanna to contemporary artists such as Sunil Gupta. In 2024 he founded the Avtar Foundation for the Arts, named for his mother, to promote Modern and contemporary South Asian art. Under the motto "for Madras, from Madras" he aims to broaden local access and reposition Chennai on the national cultural map. His collection centers on themes of home, displacement, and the politics of the body. The Indian art market pairs record auction prices for Modern masters with increasingly ambitious contemporary gallery programs abroad.
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