Skip to content Skip to navigation

Is art a smart investment?

Nowadays art is an emerging market all around the globe. Economists look at this as a smart investment due to its excellent financial rewards. Although there is some awareness about it in our country, it is prevalent in only a few metro cities. To promote the art and the awareness of this investment, leading art website www.livelyculture.com organized a seminar. Many eminent persons of the State, like Hiren Bhattacharyya, Hare Krishna Deka, D.N Saikia, Jevin Gosh Dastidar, Dilip Bora, Kishore Bhattacharyya, Dilip Tamuly and many more participated in this seminar.

A representative of the venture, Indrani Khaund presented a brief view on the topics. According to her Art is one of those few investments, which can reap excellent financial rewards if invested carefully. Art as an investment cannot be overlooked for one unique result – an ever increasing demand coupled with an absolutely limited supply. The art market is attracting increasing interests and there are a lot more new and old investors that are looking to put their money at art. In this age of globalization, every success is based on exposure and in this scenario when everything has a market value an artwork also needs an assessment according to it.

While presenting his paper, noted artist Anutosh Dev said, “Trading in art is similar in some ways to dealing in other commodities --- it is subject to the market pressure of supply and demand. But art prices vary with other, sometimes due to the arbitrary factor --- including aesthetics, authenticity, condition, rarity and provenance (the lineage of ownership).”

Gauhati artists’ Guild general secretary Kishore Kumar Das said that art as an investment can be compared to those of real estate ones. If some one invest in a plot of land today he can sell it for thrice the amount in two years. Similarly, a piece of artwork will fetch its owner around four or five times its invested value.

Commenting on the seminar, CEO Sachin Rajmurti said that it is not only the responsibility of any website or art dealer to promote the artists of Assam but they themselves must come forward. He said, “We are creating this website as an art movement to search for the hidden talent of Assam, and we will soon be organizing an all Assam Art competition.”

Comments

bidyut jyoti nath's picture

it was a great idea. Pls think to start it again with new ideas.

Pages

Add new comment

Random Stories

ULFA-Centre talks after June 15!

1 Jun 2014 - 6:58am | AT News
RASHMITA GOGOI FROM NEW DELHIThe Centre is seriously considering to revive the talks with ULFA and other insurgent outfits who have already come back to the national mainstream. Top level home...

Border infiltration declining: Govt

23 Jul 2009 - 12:54pm | editor
There has been a steep in the cases of infiltrating from across the Indo-Bangla border if the government ius to be beleived. According to a home ministry statement, till June this year, 991 foreign...

Gogoi takes on Kejriwal

1 Feb 2014 - 11:04am | AT News
Chief minister Tarun Gogoi dared Arvind Kejriwal to move the investigating agencies with allegations corruption against him  hours after the Delhi Chief Minister called him one of the most...

Gogoi on visit to worst-hit Kokrajhar

26 Jul 2012 - 2:34pm | editor
Assam chief Minister Tarun Gogoi is visiting the Kokrajhar, the worst-hit in the ethnic clash where over 25 people were killed during the last five days. Gogoi is leaving for Kokrajhar in the morning...

Other Contents by Author

Indo-Chinese relations received a shot in the arm when the 2010 World Congress of the Chinese Elite held at Xian on October 9 presented a special award to an Indian for “International Friendship and Emissary”. The Overseas Chinese elite 2010, which was participated by a formidable and influential 600 member-strong Chinese community diaspora from different parts of the world, saw the award being presented to Indian Chamber of Commerce chairperson Mahesh Saharia, who is also the Founder Chairman of the Center for Promotion of India China Cooperation. The presentation of the award has brought good cheers to the people of Assam. This is more so because Mahesh Saharia, who is a...
Article 1 of the Universal Declaration on Cultural Diversity states that “diversity is embodied in the uniqueness and plurality of the identities of the groups and societies making up humankind”. As a source of exchange, innovation and creativity, cultural diversity is as necessary for humankind as biodiversity is for nature. In this sense, it is the common heritage of humanity and should be recognized and affirmed for the benefit of present and future generations” The promotion of cultural diversity is also an ethical imperative, inseparable from respect for human dignity. It implies a commitment to human rights and fundamental freedoms, in particular the rights...
The recently selected LAST OF THE TATTOOED HEAD HUNTERS - a 15 minute film on the head hunting Konyak Nagas of northern Nagaland, produced by Hawksbill Production and presented by Dwijendra Chalachitra Pratisthan in the 63rd Cannes Film Festival was screened on 15th May 2010 with a large gathering.The film was given a loud applause from the audiences because of the rarity of the subject matter. The realistic making of the film created by director Vikeyeno Zao and the artistic cinematography by Indrajit Narayan Dev was a rare feat for the viewers at auditorium No: 3 at the The Grand Lumiere Theatre at Cannes. Viewers from US, Canada, Italy, France, UK, Isreal and a host of other...
He was a man who sported some of the wildest hairdos ever conceived. A man whose fearsome presence enthralled people the world over. And he was the man behind some of the heaviest music ever made in the world. But despite all this seemingly “negative” traits, he still remained a hero nonetheless. Or so it was till a few days back. Around ten days back, May 16 to be precise, heavy metal lost a bit of its heaviness when it lost its biggest hero ever. Ronnie James Dio, fondly referred to as the ‘Iron Man of Metal’, died of cancer. A pall of gloom seems to have got cast over the entire rock fraternity worldwide ever since news about Dio’s demise passed around....
Music lovers of the country could not have had it better! Committed to expanding its global reach and influence and recruiting more students from overseas, the Musicians Institute of Hollywood is making its first recruiting drive in India this year with an exhibit at Musician Expo at the Bombay Exhibition Center in Mumbai from June 3-5. MI’s participation at this convention will be a great opportunity for music students in India to pursue the dream of studying contemporary music in the heart of the music industry in the US. And to make it all the more merrier, the organizers are giving special attention to the Northeastern region, which houses a sizeable chunk of promising...
Following the huge success of the debut offering ‘Carved’, Lucid Recess – one of the top bands of the Northeast – recently released their second album, Engraved Invitation. The album was released by veteran musicians Utpal Barsaikia and JP Das at a simple ceremony in the Guwahati Press Club. Undoubtedly one of the tightest outfits to have come out from the Northeast in recent times, the rise of Lucid Recess has been simply amazing. But their rise should mostly be credited to a lot of hard work and perseverance. Formed in 2004, the band is made up of two brothers – Siddharth and Amitabh Barooah – along with talented drummer Partha Boro. The band...
The music scene of the region seems to be only getting with each passing day. With a number of musicians and bands from the region making a mark in the national as well as international level, people all across the world have increasingly started regarding the region as a music hub. Coupled with the rage of reality shows and talent hunts on Indian television, music competitions and auditions seeking to bring out hidden musical talents from the region have become a common phenomenon. But last week an audition of a different kind was held in the city. I am talking about the Northeast India auditions for the Sunscale International Music festival of Montenegro. A pop music festival held...
It seems intellectuals and litterateurs of Northeast India are all about solidifying and exploring the region’s age-old relationship with its immediate neighbours. After the much hyped inter-cultural dialogue between Northeast India and South East Asia, another interesting festival is now on the anvil. I am talking about the literary festival being organized by the India-Bhutan Foundation on May 17-20 next at Thimpu in the neighbouring country of Bhutan. Titled ‘Mountain Echoes – A literary festival’, the four-day fest has been organized in association with Siyahi. A source in the India-Bhutan Foundations said, “We have decided to organize ‘Mountain...
Have you ever wondered whatever happens to the huge amount of waste material that is dispelled by each household in Guwahati every day? Once the waste is disposed, we hardly stop to think about it, whether it has been disposed in the proper manner and whether it is causing some environmental hazards. In the backdrop of such a scenario, a young artist has come up in the region practicing “waste art”. Now the concept of waste art is not something new. Waste materials or objects of little use in our day to day life and which are hazardous and likely to cause pollution may be transformed into art objects that can even be installed in places of art. When we talk about waste art...
Music is more than just a soothing performing Art. The possibilities of using this Art form to heal the mind, body and spirit is endless and that is what a number of musicians and artistes have been trying to do all over the globe. The latent powers of music, as has been successfully proved by the Eastern Beats Music Society in Guwahati, can be exploited to a large extent to unite people and to heal wounds, something which is truly remarkable. Now, another prolific musician from the State has won an innovation award for her attempts to use music to enrich life and productivity in office. I am talking about ace violinist Sunita Bhuyan who is presently working as a Human Resource...