'Indian art sales thriving despite global dip'
India, April 20 -- Auction house SaffronArt, which marks its 25th anniversary this year, has been instrumental in reshaping the Indian art market. Founded by Minal and Dinesh Vazirani in 2000, it began as a digital-first platform-an unusual choice at a time when auctions were mostly live, and remote bidders participated via phone or representatives. "Back then, Indian art buyers were mostly NRIs," recalls Dinesh Vazirani, CEO of SaffronArt. In conversation with HTs Dhamini Ratnam, Vazirani reflected on how far the market has come. In 2024, the Indian art market stood at $174 million (approx. Rs.1,450 crore), compared to a global public sales market of $19 billion (Rs.1.58 lakh crore). Online auctions are now standard, a shift SaffronArt helped pioneer....
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