Indian art on Xmas shopping list

"Christmas is seeing hectic buying of art by foreigners (...) "According to the source, the perception, obviously, is that art from the emerging markets has that much more room for appreciating pricewise. Afterall, top western art is far beyond Indian price." (...) "The seasoned NRI collectors, of course, go for quality work irrespective of the brand." (...) "This momentum of overseas buying will be carried forward, the source mantained, "There is the potential of this buying volume growing ten-fold over the years" the source summed up.

- Ashoke Nag, The Economic Times, 24th Dec 2008

No Pickles, but paintings

"Non-residents Gujaratis pick this year is going beyond pickles and papad (...) Indian art is the flavour of the month for non-residents Gujaratis coming home. (...) Mr Patel, a prominent member of the Patel community based in US who manages a series of convenience store and fuel stations in the US has been spending most of his time in India, with the sole reason of investing in the Rs 6,000-crore Indian art market. (...) The craze for Indian art is growing among the the NRGs who buy paintings here and then sells it for a neat profit in their respectives countries. (...) The booming art market is getting excellent support from NRGs. They are coming well prepared and picking up works of known and little known artist (...)"

- Mitul Thakkar, The Economics Times, 24th Dec 2008