The 4th edition of the Luxury Art Auction, held in aid of Janaagraha, took place at ITC Windsor on August 23. One of the biggest highlights of ‘Art Bengaluru’ every year, the auction was a success with art lovers and patrons coming to participate in it from across the country. The evening commenced with Uzma Irfan - co-founder of ‘Art Bengaluru’ and Ramesh and Swati Ramanathan from Janaagraha addressing the audience.
Renowned London-based auctioneer Bob Hayton, who conducted the auction for the first time this year, was widely appreciated. There were 136 lots on auction. Sri Thota Tharrani’s installation, created exclusively for ‘Art Bengaluru 2013’, was among the final lots.
“Lately, Indian art has been gaining value globally. Investment in art is now giving steady competition to other more typical
forms of financial investment options for potential investors. Experts believe that the Indian art market is on a growth trajectory as an increasing number of people are turning to art, either to collect or to invest in,” said Uzma Irfan.