Art Investment: An Emerging Asset Class for Indian Investors

Authors

  •   Suyash Bhatt Associate Professor, Department of Finance, Prin. L. N. Welingkar Institute of Management Development & Research, Lakhamshi Napoo Road, Near Matunga (Central Rly.), Mumbai - 400 019

Keywords:

Wealth

, Investment, Indian Artists, Fine Art, Painting, Art Investment Portfolio, Genre of Art

D31

, E01, F21, G11, O16, P33

Abstract

In this paper, I have attempted to study Art as a new asset class for alternative investment for Indians. Since this is the first time an attempt has been made to understand Indian Art as an investment avenue , the present study is limited to three prominent Indian Artists - Padma Bhushan Tyeb Mehta, Padma Bhushan S. H. Raza, and Padma Shri V. S. Gaitonde. The aim of the study was to examine 'Art' as an alternative form of investment, especially from the wealth management perspective. The study aimed to understand popular art forms and identify basic parameters on which 'Art' is valued by the Indian investors. 50 respondents were interviewed to identify the basic parameters on which 'Art' is valued, and the factors that prompted investors to invest in the works of a particular artist.

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Published

2013-08-01

How to Cite

Bhatt, S. (2013). Art Investment: An Emerging Asset Class for Indian Investors. Indian Journal of Finance, 7(8), 35–42. Retrieved from https://www.indianjournalofcapitalmarkets.com/index.php/IJF/article/view/72097

Issue

Volume 7, Issue 8, August 2013

Section

Articles

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