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.”

Author info

Aiyushman Dutta's picture

Journalist and Founder Secretary, Eastern Beats Music Society.

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

Anti-tobacco bill soon

3 Apr 2013 - 10:51am | AT News
Health minister Dr Himanta Biswa Sarma is hopeful that the bill to ban tobacco is on the cards. Dr Sarma informed the Assam assembly on Wednesday that the bill would be moved after cabinet approval.

10 days police custody for Aditya

3 Oct 2015 - 8:24pm | Siddhartha Handique
The Golaghat police got remand of Aditya Bora for ten days after the Maoist leaders produced before a local court on Saturday. The court further remanded his two associates from Dergaon to the police...

AASAA condemns Rowta killing

18 Aug 2016 - 6:52pm | Shajid Khan
The Udalguri district committee of All Adivasi Students' Association of Assam (AASAA) has strongly condemned the recent kiling  of Purnananda Orang 20) on August 12 last through a press release...

Narrow escape for 150 passengers on river

31 Aug 2010 - 2:49am | editor
At least 150 passengers were rescued after the ferry carrying them developed a technical snag in the strong current in Lakhimpur district on Monday. According to report, as the Inland Water Transport...

Other Contents by Author

DIMAPUR: Films, music, ethnic food and ethnic game competitions marked Tribal Vaganza – a two-day festival of indigenous games, music and culture – which concluded late last night in Dimapur, spreading the need to promote our dying folk culture amongst the youth of the region for posterity. Organized by Abiogenesis Society, the festival Tribal Vaganza was held with the support of North Eastern Council, Shillong. The festival saw the release of the much anticipated film, ‘Enter My World’, which has been written and directed by Arenla Subong, the popular female vocalist of thrice Grammy nominated band Abiogenesis. Releasing the film, Nagaland Minister for Higher & Technical Education...
GUWAHATI: Internationally acclaimed fusion-jazz band ASIA7 from Thailand will be performing at the Shri Shri Madhavdeva International Auditorium in Sanardev Kalakshetra in Guwahati on the evening of March 7. The band will be performing in Guwahati after their stellar performances during the 8th edition of the Delhi International Jazz Festival at Nehru Park held earlier this year. The performance of the band in the city is being organized by the Guwahati Regional Office of the Indian Council for Cultural Relations, Ministry of External Affairs, Government of India. Asia7 is a jazz fusion band from Thailand. Founded in 2016 by a group of alumni of the College of Music, Mahidol University,...
A rare and unheard case was recorded in Shillong where a woman in her 50s allegedly swallowed an entire toothbrush while brushing which was removed from her stomach without a surgery. The patient had come to see Dr. Issac Syiem, a Senior Surgeon in the Shillong Civil Hospital on January 25 and narrated the whole incident. Prior to this, she had visited other doctors in the hospital, who referred the case to Dr. Syiem. When she was evaluated by Dr. Syiem, he was surprised to know that the patient was in no discomfort and suffered no pain. The patient, a resident of Lower Mawprem, told him that she would have never approached any doctor if not for her daughter’s insistence. The X-ray...
The Digital Literacy Curriculum (DLC) Centre was recently inaugurated by Nur Hussain ACS, ADC (Education) , Golaghat at Letekujan. The DLC Centre is being set up by the Institute of Research & Documentation of Indigenous Studies (IRDIS) in partnership with Microsoft India under the Corporate social responsibility initiative of Numaligarh Refinery Ltd in the premises of the Lattakoojan TE, APPL, at Letekujan, Golaghat to impart basic digital knowledge and skills to the students in and around Letekujan. The Inaugural function was attended and addressed by Nur Hussain as the Chief Guest, PC Saloi IPS, DIG Central Range, Shiladitya Chetia IPS, SP Golaghat, Dr. Deepa Dutt, Executive...
The much awaited first-edition of the North-east section got underway in the 44th International Film Festival of India in Kala Academy, Panjim today. The Northeast section is a first-of-its-kind programme incorporated in the prestigious IFFI ceremony to commemorate filmmakers and films from India’s Northeast region.Popular Naga folk fusion band marked the opening of the Northeast section of the IFFI ceremony where popular actors Adil Hussain and Seema Biswas and Meghalaya Chief Minister Mukul Sangma were the guest of honours respectively. The Northeast section, which has been curated by National Award-winning film critic Utpal Borpujari, will culminate on November 27. Eminent Assamese...
There seems to be no stopping this young Assamese actress. Mumbai-based Assamese actress Urmila Mahanta who has been in the news for the past couple of years is back in the limelight. Making the entire State of Assam and Northeast India proud, Urmila has shown her mettle by being nominated for the South Indian International Movie Awards (SIIMA) for her stellar performance in the Tamil crime thriller Vazhakku Enn: 18/9.Urmila has been nominated in two categories in the prestigious SIIMA awards – as Best Debutant Actress and Best Supporting Actress. The awards will be given in Dubai in the third week of September. Urmila is the first Assamese girl to be nominated for the SIIMA award, that too...
A Seminar and Talk  on “ Immigration and Conflict Resolution”  was held jointly by Assam Institute of Research for Tribals and Scheduled Castes(AIRTSC) and the Institute of Research and Documentation of Indigenous Studies ( IRDIS), at the Administrative Staff College, Khanapara on March 20. The talk, delivered by  Prof. C. Matthew Snipp, Burnet C. and Mildred Finley Wohlford Professor of Humanities and Sciences in the Department of Sociology, Stanford University,USA, dwelt on the conflicts of indigenous people  and immigrant communities  and the resolution of these conflicts, with particular focus on the experience of American Indians in the United States, as well...
Three days of fun, frolic and non-stop music marked the second edition of the Guwahati International Music Festival. One of the only such festivals in the eastern part of the country, more than 200 artists from as many as 6 countries took part in the mega event. The festival was organized by Eastern Beats Music Society with the support of Assam Tourism, NTPC and NEEPCO.From Jazz to Blues, Classical to Rock – Guwahatians were spoilt for choice as some of the biggest names in the music industry descended in the Northeast. For the visiting artistes too, it was an excellent opportunity to network with the virtuoso musicians of the far-flung region of the country. Bickram Ghosh,...
In keeping with the Silver Jubilee celebrations of Zonal Cultural Centres (ZCCs) of the country, the North East Zone Cultural Centre (NEZCC) is organizing in Jorhat a mega Northeast-centric carnival capturing the mood and brilliance of springtime. With more than 250 artistes participating, the festival will showcase the biggest ensemble of folk dances, folk music, craftsmen, choral singers, tribal folk musicologists and others who will present the best of regional dance, music, culture, et al. The North East Spring Festival, will be inaugurated in the presence of Honourable Chief Minister of Assam Shri Tarun Gogoi, Cultural Minister Pranati Phukan, NEZCC Chairman and Honourable...
The Open Platform, a mobile forum travelling through all the North east States, reaches Shillong tomorrow. The seminar will be held at the State Central Library by 12 pm. The Open Platform is a initiative of writer-activists Susan Waten of Nagaland and Aiyushman Dutta of Guwahati. Both writers are travelling to each town and city of the Northeast. The event in Shillong is coordinated along with the help of local writer Eric Nongkynrih. The Open Platform kick started in Guwahati on December 22, 2011 at the 13th North East Book Fair. Writers and poets, journalists and photographers, students and research scholars participated by reading out their published/unpublished works and by...