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The world art market has grown at an unprecedented scale over the last decade. Between 2003–‘08, the Indian art market growth figures overshadowed every single commodity on the trading floor by massive margins. This phenomenal growth over a short tenure resulted in art being hailed as amongst the worthiest investments available. Financial advisors swiftly swooped to cash in but the methodology used to build portfolios was highly displaced and lacked overview and insight in key spaces. Speculators drove the values of mediocrity to sky-high levels with scant justification.
The current financial market meltdown is a blessing in disguise as its timing is perfect for all involved in the art-space. A level of sanity in terms of valuation is beginning to return to the market. There is no pressure to acquire hurriedly with the hype deflated. The most important outcome which is yet en route: Content once again will be king.
The Indian art market remains an unstructured entity with tremendous potential. Japa Arts aims to elevate and promote the profile of art and its collectorship to the rightful position - that of an unparalleled cultural token of our times which demands patronage and support. An asset which must be appreciated for all its capabilities, all of which far surpass its exceptional financial potential.
Japa Arts will work within this space following a basic 3 point agenda
1. To collaborate with a select set of like-minded patrons to create the most respected Indian art collections
2. To keep the collector updated and aware of the latest practices and relevant information from ;the art-world
3. To offer a range of value-added art-related services to address the requirements of collectors and patrons |