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A Collector’s Guide to Art Taxation in India

art market /

Understanding the Tax Framework for Art Collectors For art enthusiasts and collectors in India, understanding the tax implications of buying, holding, and selling artwork is crucial to making informed decisions. Whether you’re a seasoned collector or just beginning your art investment journey, navigating the complex tax landscape can significantly impact your collection strategy. Capital Gains […]

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Art Financing Evolution and its modern approach

art market /

Art as an Investment Asset Art has emerged as a significant investment asset class, paralleling real estate in terms of financing structures and appreciation potential. The modern art market has evolved to accommodate various financing mechanisms, making art more accessible to investors while presenting unique challenges in terms of valuation, storage, and legal compliance. Fractional

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Legal and Commercial Factors Shaping the Global Art Market

art market /
Yusuf, Acrylic on canvas, 48 x 36 inches. Image Courtesy: Aura Art

Introduction to the Art Market Framework The value chain of the art industry can be a complex process. The ecosystem of the art market framework can be broadly categorized into primary and secondary markets, each serving distinct purposes in the commercialization of artworks. This guide, part of the Art Law Resources 2025, provides a comprehensive

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From Aristocratic Privilege to Investment Asset: The Evolution of the Art Market

art market /
Yusuf, Quanta, Acrylic, pencil, pen and ink on canvas, 67 x 43 inches, 2000. Image Courtesy: Aura Art

The Dawn of Art Patronage and the Renaissance Shift Art commissioning was once the exclusive domain of the aristocracy and ruling classes, who engaged artists to execute predetermined projects. The Renaissance period, however, marked a turning point. Artists began to enjoy greater creative freedom, and their unique styles garnered recognition among patrons. The value of

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Christie’s Experienced a 6% Decline in 2024’s Annual Sale

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Paris Wrap report Oct 2023 3520

Christie’s Declining Annual Sales 2024 marks another year in a row for Christie’s declining annual sales, when the auction house announced its projected results on Tuesday, December 17. Since a few sales are yet to be final, all the totals shared are mere estimates. In total, Christie’s generated $5.7 billion this year from live, online,

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Christie’s Hong Kong Auction Achieves HK$1bn Amid Market Slowdown

art market, News /

Christie’s inaugural evening sale at its new Hong Kong headquarters on Thursday, September 26 realised a total of HK$1. The sale of 20th and 21st century art underscored the wariness of buyers to pay big prices, especially after Chinese collectors have pulled back from the market in response to global politics and domestic economic uncertainty.

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2024 Spring Auction Season Sees Worst Financial Performance This Century

art market, News /

It was a cataclysmic season of 2024 spring auctions across the globe, with Sotheby’s, Christies and Phillips recording their worst bottom lines since the turn of this century. This decrease was caused by a number of factors, mainly — global economic uncertainty, overvalued prices and scarcity of top-notch masterpieces. What accounts for this upsurge in

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