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New Delhi, August 15:: With the Rs 1,500-crore domestic Art market pegged to grow around 30-35 per cent annually, artists and art galleries from India and UK are gathering in the city next week for the first ever India Art Summit aimed at expanding it further.
"We believe that the Indian art market has gone up by 485 per cent in the last decade making it the fourth most buoyant art market in the world. Even though the last year or so has been slower, Indian art has great potential to grow in the world market," India Art Summit Associate Director Neha Kirpal said.
The summit, to held on August 22-24, would see works from a total of 35 galleries, including 32 domestic and three international galleries from UK -- Rob Dean Art Gallery, Art 18/21 Gallery and Emerging World Art Gallery.
Renowned artists like Anjolie Ela Menon, S H Raza, F N Souza and Jogen Chowdhury would lead the Indian brigade in the field of 150-odd artists, who would be showcasing their work during the summit.
"We have got overwhelming response and are expecting more than 6,000 visitor. Auction houses and art funds are coming in great numbers," she said, adding art collectors from Denmark, UK, Austria, China, Hong Kong, Dubai, USA and France have shown interest in participating at the summit.
She, however, declined to comment whether the doyen of Indian art, M F Hussain, would be coming to the event or the organisers had taken any initiatives with the government for his participation and showcasing his paintings.
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