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Not just a frame

`Expressions of Art' highlighted art as an investment opportunity

ARTY AFFAIR `Expressions of Art' was twin cities' aficionados date with art Photo: P.V.SIVAKUMAR

A thing of beauty is a joy forever no longer applies to art that is gaining new fervour, as an investment opportunity.

This recent phenomenon, about five years old, is `in' in this part of the world with the well-heeled keeping aside a generous bit of moolah to buy a few frames whose value, they speculate, will appreciate in coming years.

It was no wonder that the Young FICCI Ladies Organisation (YFLO) do Expressions of Art and twin cities'aficionados date with art, had the same on the agenda. "

Art has been created for pleasure.

In last few years, it has gained status of an investment option and the phenomenon is growing," observed Jagdish Mittal.

Whether market was the sole arbiter of the value of the piece, difference between good art and bad art, whether pricing and work of the artist should be treated independently, role of collectors, galleries and educated buyers, were some of the interesting aspects presented by Jyotirmaya Sharma who also got the panel of artistes bring in their views.

If Laxman Aaley opined that, "display of good art at home" is the best possible publicity for an artist's work, B. Padma Reddy recommended purchase of art, "if you empathise with it."

After a poetic version of the otherwise mixed media on canvas board and acrylic on canvas by Iqbal Patni, the evening concluded with sale of paintings.

"Part of the sale proceeds will go towards donation for the fund Rural Entrepreneurial Development of Women," observes Harjinder Kaur Talwar, founder chairperson, YFLO, Hyderabad.

SYEDA FARIDA

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