13 hours Ago By Sharmila Ganesan
Indian artists experienced the strongest surge in demand in 2024, according to a recent report on the global art market . Late legends such as M F Husain, the barefoot painter, and S H Raza, known for his signature 'bindu', led the charge, alongside a new wave of contemporary talents such as Raghav Babbar and Tanya Goel, states the survey released by Artsy, an online marketplace for buying and selling fine art. With a 32% jump in 'year-on-year inquiry growth', India-followed by Switzerland, Scotland, Brazil and Mexico-topped the list of nations with artistic clout.
The report is based on messages from potential collectors to galleries about artworks they are interested in purchasing, the survey. In recent years, artworks from India have seen an upswing in overseas recognition and interest in both the established and emerging segments of the market. According to 2024 Hurun India Art List , sales by top 50 artists reached a record-breaking Rs 301 crore, a 19% increase from 2023.
"The more established Indian artists gaining traction include prominent names from post-independence Bombay Progressive Artists' Group and modernist movements of 20th century," says the study. "Several of the leading figures from these movements have become established blue-chip names at auction houses, and are exhibited worldwide," states the report, adding that the two Indian artists with the most artwork inquiries on Artsy in 2024-Maqbool Fida Husain and Sayed Haider Raza-are leading figures in modernist movement. As the gallery scenes in Mumbai and Delhi are continuing to blossom in the backdrop of a burgeoning art market in India, some leading contemporary names "are now regular fixtures at international art fairs", says the study hinting at the rise of younger artists such as Babbar and Goel.
"Both artists have had notable international presentations in recent years," says a spokesperson from Artsy, adding that work by Babbar was showcased at ICA Miami last year while Goel's artwork was featured in presentations in California, Switzerland, Germany, and Istanbul in the last two years alone. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
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