Indian Art Market Confidence Survey – May 2010
|Report Type||Confidence Survey|
Confidence gap widens between Modern and Contemporary Indian art
ArtTactic’s Market Confidence Surveys provide in-depth analysis of market confidence based on data gathered from ArtTactic’s network of industry professionals and tastemakers. The surveys also include unique analytic tools including a risk and speculation barometer, as well as short/long term confidence indicators for specific artists from the region.
The confidence in the Indian art market sees further recovery, with the overall Indian Art Market Confidence Indicator increasing significantly, implying that for the first time since October 2008, there is more positive than negative sentiment in the market for Indian art. However, the gap in confidence between the Modern Indian and the Contemporary Indian art market is widening – providing further indication that the contemporary Indian market has returned to safe harbour in the primary market. This report provides a full update of the ArtTactic Indian Art Market Confidence Indicator and Speculation Barometer from the previous report in November 2009.