The confidence in the Indian Modern art market remains high, despite negative economic outlook
ArtTactic's Market Confidence Surveys provide in-depth analysis of market confidence based on data gathered from ArtTactic's network of industry professionals and tastemakers. The surveys also include unique analytic tools including a risk and speculation barometer, as well as short/long term confidence indicators for specific artists from the region.
The overall ArtTactic Indian Art Market Confidence Indicator is down by 28% from April 2011, as the confidence in the Indian economy drops by 69%. However, despite this, market experts remain strongly positive about the Indian Modern art market, with confidence also creeping back into the contemporary Indian art market. This report provides a full update of the ArtTactic Indian Art Market Confidence Indicator and Speculation Barometer from the previous report in May 2011.