Anish Kapoor tops the Hurun India Art List
2019
·
Hurun Reportlaunches the first edition ofHurun
India
ArtList
·
Backed by sales quantified at INR 168.25 Crores, Anish
Kapoor, 65, tops the Hurun India Art List
·
Followed by Akbar Padamseeand Krishen Khanna whose works were sold of
INR 45.84Croresand INR 9.48 Crores respectively
·
24% of the Hurun India Art List 2019 are
women
·
Total
lots sold in the year by all listers combined is 605, led by Anish Kapoor who
sold 102 lots
Mumbai, 15- May-2019: Hurun Report India today unveiled its first edition of ‘Hurun India Art List 2019’- a compilation of top 50artists alive in India by the valuation of their work sold in the auction houses from April 2018 to March 2019 in association with ArtPrice.com.
Speaking at the launch of Hurun Report Art List, Anas Rahman Junaid, Managing Director and Chief Researcher of Hurun Report India, said “Resale value of some of the works of the top artists delivers better returns than traditional asset classes. Hurun India Art List is targeted at those who have the ability to collect but don’t know where to start. The origins of Indian art can be traced back to 3rd millennium BC, and the conversations about Indian artists on a global platform is truly the need of the hour.”
NOTE:The work sold in the auction house could be either be owned by the artist or the collector
|
Key Highlights from Hurun India Art
List 2019
|
|
·
The
works of Anish Kapoor,
contemporary sculptor, registered the highest demand in terms of value and
lots in the auction houses during the period under review. 102 lots of Anish
Kapoor were sold during 2018-19.
·
Modernist
painter Arpita Singh is the most
successful female artist with whose works were cumulatively sold for INR 5.25
Crore.
·
The eldest women on the list are Arpita Singh (82) and Zarina Hashmi(82) whereas the
youngest woman on the list is Ranjani
Shettar (42)
·
The oldest and youngest on the list are
Krishen Khanna (94) and Sumir Tagra (40) respectively
·
32
individuals on the list use the contemporary
art form to express ideas and is the most popular style in Hurun India
Art List 2019. Abstract, surrealism, and modernism also have a growing
influence from an Indian art context.
·
The
most popular mode of presenting art is painting, followed by sculpting. Many
artists prefer more than one mode of expression.
·
96%
of the individuals in the Hurun India Art List 2019 are born in India and 16%
live outside of India.
·
With
16 residents from Hurun India Art List 2019, New Delhi is the art capital of
India, followed by Mumbai (7) and Bengaluru (4)
·
In
terms of places of origin, most of the artists in Hurun India Art List 2019 were
born in West Bengal (8), followed by Maharashtra and Kerala with 7 and 6
respectively.
|
Table 1: The Top 10 in the Hurun India Art
List 2019
|
Rank
|
Name
|
Turnover (INR Crores)
|
Lots Sold
|
Best Result (INR Crores)
|
Residence
|
|
1
|
Anish Kapoor
|
168.25
|
102
|
9.31
|
London
|
|
2
|
Akbar Padamsee
|
45.84
|
38
|
11.70
|
Mumbai
|
|
3
|
Krishen Khanna
|
9.48
|
44
|
1.18
|
New Delhi
|
|
4
|
Jogen Chowdhury
|
7.78
|
35
|
2.72
|
Santiniketan
|
|
5
|
Subodh Gupta
|
6.55
|
7
|
1.75
|
New Delhi
|
|
6
|
Arpita Singh
|
5.25
|
12
|
1.87
|
New Delhi
|
|
7
|
Raqib Shaw
|
5.21
|
8
|
1.78
|
London
|
|
8
|
Sakti Burman
|
4.54
|
43
|
1.18
|
Paris
|
|
9
|
Thota Vaikuntam
|
3.53
|
26
|
0.89
|
Hyderabad
|
|
10
|
Himmat Shah
|
3.36
|
43
|
1.78
|
New Delhi
|
Source: Hurun Research Institute in Association with ArtPrice.com
Table 2: Hurun India Art List 2019 – Best Results and Lots Sold
Akbar
Padamsee takes the top spot in terms of best result or best value realized for
an artwork during the year. Interestingly, the artists whose works created
highest turnovers are also those with some of the best results.
|
Artist
|
Best Result (INR Crores)
|
|
Artist
|
Lots Sold
|
|
Akbar Padamsee
|
11.70
|
|
Anish Kapoor
|
102
|
|
Anish Kapoor
|
9.31
|
|
Krishen Khanna
|
44
|
|
Jogen Chowdhury
|
2.72
|
|
Sakti Burman
|
43
|
|
Arpita Singh
|
1.87
|
|
Akbar Padamsee
|
38
|
|
Himmat Shah
|
1.78
|
|
Jogen Chowdhury
|
35
|
|
Raquib Shaw
|
1.78
|
|
Laxma Goud
|
30
|
|
Subodh Gupta
|
1.75
|
|
Thota Vaikuntam
|
26
|
|
Rameshwar Broota
|
1.22
|
|
Zarina
|
18
|
|
Krishen Khanna
|
1.18
|
|
Lalu Prasad Shaw
|
16
|
|
Sakti Burman
|
1.18
|
|
Anjolie Ela Menon
|
15
|
|
Ravinder Reddy
|
0.93
|
|
Manu Parekh
|
15
|
|
Thota Vaikuntam
|
0.89
|
|
Himmat Shah
|
14
|
|
Ranjani Shettar
|
0.70
|
|
Satish Gujral
|
14
|
|
Sujata Bajaj
|
0.67
|
|
Arpita Singh
|
12
|
|
A Ramachandran
|
0.61
|
|
Sujata Bajaj
|
12
|
Source: Hurun Research Institute in Association with ArtPrice.com
Table 3: Hurun India Art List 2019 – India and China Comparison
|
|
India
|
China
|
|
Size of the List
|
50
|
100
|
|
Cumulative Sale Value (INR Crores)
|
297.1
|
4,729.4
|
|
Highest Sale Value (INR Crores)
|
168.2
|
918.1
|
|
Average Sales Value (INR Crores)
|
5.9
|
47.3
|
|
Top 10 Cutoff Value (INR Crores)
|
3.4
|
84.2
|
|
Top 50 Cutoff Value (INR Crores)
|
0.2
|
20.9
|
|
Number of Women in the list
|
12
|
3
|
|
Youngest in the list (age)
|
42
|
33
|
Source: Hurun Research Institutein Association with ArtPrice.com;
Hurun China Art List 2019
Table 4: Residence of Hurun India Art List 2019
|
Rank
|
State/City
|
List Entries
|
Indian Artist (Highest Turnover)
|
|
1
|
New Delhi
|
16
|
Krishen Khanna
|
|
2
|
Maharashtra
|
7
|
Akbar Padamsee
|
|
3
|
Gujarat
|
4
|
Gulam Mohammed Sheikh
|
|
4
|
Karnataka
|
4
|
A Balasubramaniam
|
|
4
|
West Bengal
|
3
|
Jogen Chowdhury
|
|
4
|
Paris
|
3
|
Sakti Burman
|
|
4
|
Andhra Pradesh
|
3
|
Thota Vaikuntam
|
|
4
|
London
|
3
|
Anish Kapoor
|
Source: Hurun Research Institute in Association with ArtPrice.com
Table 5: Hurun India Art List 2019 – Top 10 Women Artists
|
Rank
|
Name
|
Turnover (INR Crores)
|
Lots Sold
|
Best Result (INR Crores)
|
Residence
|
|
1
|
Arpita Singh
|
5.25
|
12
|
1.87
|
New Delhi
|
|
2
|
Zarina
|
2.85
|
18
|
0.50
|
New York
|
|
3
|
Sujata Bajaj
|
2.55
|
12
|
0.67
|
Paris
|
|
4
|
Anjolie Ela Menon
|
2.19
|
15
|
0.49
|
New Delhi
|
|
5
|
Bharti Kher
|
1.10
|
3
|
0.47
|
New Delhi
|
|
6
|
Anju Dodiya
|
0.83
|
4
|
0.38
|
Mumbai
|
|
7
|
Ranjani Shettar
|
0.70
|
1
|
0.70
|
Bengaluru
|
|
8
|
Rina Banerjee
|
0.40
|
4
|
0.14
|
New York
|
|
9
|
Jayashree Chakravarty
|
0.35
|
4
|
0.14
|
Paris
|
|
10
|
Celia Paul
|
0.34
|
8
|
0.17
|
London
|
Source: Hurun Research Institute in
Association with ArtPrice.com
Table 6: Hurun India Art List 2019 – Mode of expressing Art
|
Mode
|
No. of Artists
|
|
Style
|
No. of Artists
|
|
Painting
|
27
|
|
Contemporary
|
32
|
|
Multiple
|
12
|
|
Modernist
|
6
|
|
Sculpting
|
9
|
|
Surrealism
|
5
|
|
Sketching
|
2
|
|
Abstract
|
7
|
Source: Hurun Research Institute in
Association with ArtPrice.com
Youngest Artists in the list
Table
7: Hurun India Art List 2019 – Top 10
Young Artists
|
|
Name
|
Age
|
Turnover (INR Crores)
|
Rank
|
Art Form
|
|
1
|
Dhananjay Singh
|
42
|
0.57
|
35
|
Sculpting
|
|
2
|
Ranjani Shettar
|
42
|
0.70
|
29
|
Sculpting
|
|
3
|
Thukral
& Tagra
|
43/40
|
0.68
|
30
|
Multiple
|
|
4
|
Jitish Kallat
|
44
|
1.00
|
24
|
Painting
|
|
5
|
Raqib Shaw
|
45
|
5.21
|
7
|
Painting
|
|
6
|
A Balasubramaniam
|
48
|
1.26
|
20
|
Sculpting
|
|
6
|
LN Tallur
|
48
|
0.76
|
28
|
Sculpting
|
|
8
|
Jagannath Panda
|
49
|
0.77
|
27
|
Multiple
|
|
9
|
Bharti Kher
|
50
|
1.10
|
22
|
Sculpting
|
|
10
|
NS Harsha
|
50
|
0.57
|
35
|
Painting
|
Source: Hurun Research Institutein Association
with ArtPrice.com
Methodology
The Hurun India Art List 2019 has been researched and compiled by the
Hurun Research Institute. The list relates to artists who were born in India or
who have made India their place of work.
Hurun Report has estimated the
realized gross amount from sales of the top 50 Indian artists over the past
year. We have collected data from some top auction-houses and agencies in the
industry. The artists have sold their works all over the world in different periods,
which may make it easy to miss out on some auctions and even some artists.
Nevertheless, Hurun Report’s team of researchers have ensured a thorough and
multiple cross-checking of information to reach the most accurate values of
sales with an objective to identify the most influencing stars in the art space.
For the purpose of curating the
Art List, Hurun Report has worked closely with Artprice.com, one of world’s
foremost online art price databases. Artprice is a French website created by
Thierry Ehrmann which aims to give “unique access to Fine Art information” and
is a marketplace for art enthusiasts to buy and sell artworks. Artprice has
displayed works of over 700,000 artists and has a vast collection of close to
126 million artworks, some of which date back to the 1700s.
* The report belongs to Hurun Report India.
Any third party brands, names or trademarks contained in the report belong to
the relevant third parties.
About Hurun Report
Hurun
Report is a leading luxury publishing and events group established in London in
1998 with a strong presence in China and India. It is widely recognized
world-over for its comprehensive evaluation of the wealthiest individuals
across the globe. Hurun Report is the largest compiler of the rich list
globally.
Hurun
Report Inc. has four divisions: Hurun Report Media, a stable of digital media
and four magazines; Hurun Research Institute; Hurun Conferences, an active
events division targeting entrepreneurs and high net worth individuals; and
Hurun Investments, a US$20m early stage venture capital fund with investments
into tech, media, retail and education
About Hurun Report India
“Passionate
About Indian Entrepreneurship”
Hurun
Report India commenced operations in 2012 and has been bringing to light
stories of successful and emerging Indian entrepreneurs ever since,
felicitating them at a bouquet of Hurun events hosted pan-India.
Hurun
Report India serves as India’s definitive voice celebrating wealth creation,
innovation and growth. This year, Hurun further expanded its repertoire by
releasing the Hurun Global Rich List 2019, a ranking of the 2,470 US dollar
billionaires, so-called ‘Nine-Zero Club’, currently in the world and the
seventh India Rich List which ranks the 831 richest individuals in India,
allowing for comparisons between some of the most dynamic economies in the
world. The purpose of this list is to try and tell the story of modern India
through the eyes of an entrepreneur. For
the full details, please refer to on www.hurunindia.net.
HurunReportlaunches
the first edition ofHurun India ArtList
Backed by sales quantified at INR 168.25 Crores, Anish Kapoor, 65, tops the
Hurun India Art List 2019
Followed by Akbar Padamsee and Krishen Khanna whose
works were sold ofINR 45.84Croresand INR
9.48 Crores respectively
24% of the Hurun India Art List 2019 is
women
Total lots sold in the year by all
listers combined is 605, led by Anish Kapoor who sold 102 lots
The most popular form of the art in
Hurun India Art List 2019 is Painting, followed by Sculpting
·
The
works of Anish Kapoor, contemporary sculptor,registered
the highest demand in terms of value and lots in the auction houses during the
period under review. 102 lots of Anish Kapoor were sold during 2018-19.
·
Modernist
painter Arpita Singh is the most
successful female artist in Hurun India Art List 2019 with whose works were
cumulatively sold at INR 5.25 Crores.
·
The eldest womeninthe list are Arpita Singh (84)and
ZarinaHashmi (84)whereas the
youngest woman in the list is Ranjani
Shettar (42)
·
The oldest and youngest on the list is Krishen Khanna (94)and Sumir Tagra (40) respectively.
·
32
individuals on the list use the contemporary art form to express ideas and is
the most popular style in Hurun India Art List 2019. Abstract, surrealism, and
modernism also have a growing influence from an Indian art context.
·
The
most popular mode of presenting art is painting, followed by sculpting. Many
artists prefer more than one mode of expression.
·
96%
of the individuals in the Hurun India Art List 2019 are born in India and16% live
outside of India.
·
With
16 residents, New Delhi is the art capital of India in theHurun India Art List
2019, followed by Mumbai (7) and Bengaluru (4)
·
In
terms of places of origin, most of the artists in Hurun India Art List 2019
were born in West Bengal (8), followed by Maharashtra and Keralawith 7 and 6
respectively.
(15-May-2019,
Mumbai): The
Hurun Research Institute today released the Hurun India ArtList 2019, a ranking of the top 50 Indian artists
alive today based on the sales of their works at public auction in the year from April 2018 to March
2019. This is the
first edition of the Hurun Art List.
Anas Rahman Junaid,
Managing Director and Chief Researcher of Hurun Report India said,“Resale value
of some of the works of the top artists delivers better returns than
traditional asset classes. Hurun India Art List is targeted at those who have
the ability to collect but don’t know where to start. The origins of Indian art
can be traced back to 3rd millennium BC, and the conversations about Indian
artists on a global platform is truly the need of the hour.”
Table 1: The Top 10 in the Hurun India Art
List 2019 is shown below
|
Rank
|
Name
|
Turnover (INR Crores)
|
Lots Sold
|
Best Result (INR Crores)
|
Residence
|
|
1
|
Anish Kapoor
|
168.25
|
102
|
9.31
|
London
|
|
2
|
Akbar Padamsee
|
45.84
|
38
|
11.70
|
Mumbai
|
|
3
|
Krishen Khanna
|
9.48
|
44
|
1.18
|
New Delhi
|
|
4
|
Jogen Chowdhury
|
7.78
|
35
|
2.72
|
Santiniketan
|
|
5
|
Subodh Gupta
|
6.55
|
7
|
1.75
|
New Delhi
|
|
6
|
Arpita Singh
|
5.25
|
12
|
1.87
|
New Delhi
|
|
7
|
Raqib Shaw
|
5.21
|
8
|
1.78
|
London
|
|
8
|
Sakti Burman
|
4.54
|
43
|
1.18
|
Paris
|
|
9
|
Thota Vaikuntam
|
3.53
|
26
|
0.89
|
Hyderabad
|
|
10
|
Himmat Shah
|
3.36
|
43
|
1.78
|
New Delhi
|
Source: Hurun Research Institute in Association with ArtPrice.com
UK-based Anish
Kapoor (65) tops the Hurun India Art List, 2019 with the total realized sale of INR 168.25 Crores. Kapoor is known for using granite, marble, limestone and plaster to
make stunning geometric structures. Kapoor is the only artist to own the
exclusive right to use the ‘blackest black’ pigment in the world developed by
Vantablack. An accomplished sculptor, Kapoor received knighthood during the
Queen’s Birthday Honours in 2013 for his contribution to visual arts.
Akbar Padamsee(90)takes the second spot in Hurun India Art List 2019. His
works were soldfor a total estimated value of INR 45.84
Crores. With 38 works sold last year, contemporary
painter Padamsee has also exhibited his works in several solo exhibitions,
including Past Forward, Priyasri Art Gallery, Mumbai in 2013 and Metascape to
Humanscape at Aicon Gallery, New York, and Palo Alto.
With the total sale of INR 9.48 Croresthis year, modernist painter Krishen
Khanna (93) is the third most accomplished artist on the list. 44 of his works
have been sold in the past year. His most valued work is his contribution to
the work ‘Tash ke Patte’ (Deck of Cards), which had collectively made US$365mn
in 2017. Most of Khanna’s work is figurative. Bordering on the narrative, his
work captures moments in history, much as photographs do.
Jogen Chowdhury (80) comes fourth in the Hurun India Art List 2019supported by
sale value of over INR 7.78 Crores for his works. Paris educated Chaudhary returned to India
with a bespoke style in contemporary art. His better-known paintings are in
oil, ink, water-colour, and pastel. 35 lots of his works were successfully
auctioned last year. One of his most valued work of art titled ‘Situation X’,
was sold for INR 2.70 Croresat Saffronart online auction in 2006
New Delhi-based contemporary
artist and sculptor Subodh Gupta (54)
takes the fifth place in the Hurun India Art List 2019. 7 of his works sold
through auction fetched a cumulative
successful bids worth INR 6.55
Crores. His art incorporates around
every day Indian household objects themed to celebrate the lifestyleof the middle-class
India. Gupta’s most famous work is the ‘Line of Control’.
At the sixth place, Arpita Singh (82), is the only female
artist in the top 10 of Hurun India Art List 2019. Singh’s works have beensold for
a total ofINR 5.25 Croresin
12 lots.A
figurative artist and a modernist, Arpita Singh is known for using traditional
Indian art forms and aesthetics. Her highest grossing piece was worth
US$268,800. Some of her most well-known paintings are ‘Child Bride with Swan’
and ‘Girl Smoking Cigarette’, demonstrating her inclination to create
women-centric works.
Raqib Shaw(44)comes seventh
with his works grossing a turnover of INR 5.21
Crores contributed by a total of 8 lots last year.
Kashmir-born Shaw’s highest grossing piece was worth INR 1.80 Croresand his most revered piece of work is the ‘Garden of
Earthly Delights X’. Shaw combines images of fantasy, sexuality, beauty, and
violence to create intricate and labor-intensive paintings and drawings. He is
currently based in the UK.
With 43 works gone under the
hammer,Sakti Burman (83) holds the
eighth rank in the List with his work cumulatively fetchingINR 4.54
Crores. The Paris-based artist, who is
both a sculptor and a painter, conducted his first solo exhibition in 1954 in
Kolkata and has since exhibited widely across the world. Burman’s paintings
often evoke a surrealist feel, referencing multiplicities of time and place.
His art draws extensively from Hindu and European mythology.
Accomplished painter and sketcher,Thota Vaikuntam (76) holds the ninth place
in the Hurun India Art List, 2019. Vaikuntam, whose 26 works have grossed more
than INR 3.53 Croreslast
year, is a recipient of several national and state level awards from the Govt.
of India. Hailing from rural Andhra Pradesh, people of his village- women, in
particular, are central characters of his paintings.
With 14 lost sold for INR 3.36 Crores, sculptor Himmat Shah (85) takes the tenth place in
the Hurun India Art List 2019. His works are known for being unpredictable. He
also uses a simple medium to interpret complex contemporary.
Table 2: Hurun India Art List 2019 – India and China Comparison
It is interesting to compare the key
statistics based on the respective art lists of two of the most dynamic and
fastest growing economies the world. Some key data below
|
|
India
|
China
|
|
Size of the List
|
50
|
100
|
|
Cumulative Sale Value (INR Crores)
|
297.1
|
4,729.4
|
|
Highest Sale Value (INR Crores)
|
168.2
|
918.1
|
|
Average Sales Value (INR Crores)
|
5.9
|
47.3
|
|
Top 10 Cutoff Value (INR Crores)
|
3.4
|
84.2
|
|
Top 50 Cutoff Value (INR Crores)
|
0.2
|
20.9
|
|
Number of Women in the list
|
12
|
3
|
|
Youngest in the list (age)
|
42
|
33
|
Source: Hurun Research Institutein Association with ArtPrice.com;
Hurun China Art List 2019
Table 3: Hurun India Art List 2019 – The Most Expensive Artists Alive in India.
Akbar
Padamsee, is the most expensive Indian artist in 2019 - one of his works was
auctioned for INR 11.70 Crores. He is closely followed by Anish Kapoor whose
work was sold for INR 9.31 Crores.Anish
Kapoor, by far takes the number one spot for the most sought after artist in
the list. 102 lots of his works were auctioned during last year – this twice
more than the second most sought after artist, Krishen Khanna whose 44 works
were sold in 2019.
|
Artist
|
Best Result (INR Crores)
|
|
Artist
|
Lots Sold
|
|
Akbar Padamsee
|
11.70
|
|
Anish Kapoor
|
102
|
|
Anish Kapoor
|
9.31
|
|
Krishen Khanna
|
44
|
|
Jogen Chowdhury
|
2.72
|
|
Sakti Burman
|
43
|
|
Arpita Singh
|
1.87
|
|
Akbar Padamsee
|
38
|
|
Himmat Shah
|
1.78
|
|
Jogen Chowdhury
|
35
|
|
Raquib Shaw
|
1.78
|
|
Laxma Goud
|
30
|
|
Subodh Gupta
|
1.75
|
|
Thota Vaikuntam
|
26
|
|
Rameshwar Broota
|
1.22
|
|
Zarina
|
18
|
|
Krishen Khanna
|
1.18
|
|
Lalu Prasad Shaw
|
16
|
|
Sakti Burman
|
1.18
|
|
Anjolie Ela Menon
|
15
|
|
Ravinder Reddy
|
0.93
|
|
Manu Parekh
|
15
|
|
Thota Vaikuntam
|
0.89
|
|
Himmat Shah
|
14
|
|
Ranjani Shettar
|
0.70
|
|
Satish Gujral
|
14
|
|
Sujata Bajaj
|
0.67
|
|
Arpita Singh
|
12
|
|
A Ramachandran
|
0.61
|
|
Sujata Bajaj
|
12
|
Source: Hurun Research Institutein Association with ArtPrice.com
Of the total 605 works of art sold, Anish Kapoor's work contributes
102, or 17%. After a wide margin, Krishen Khanna and Sakti Burman follow with
close to 7 % each.
Where they live.
While West Bengal is the origin of the majority
of the artists in the list, New Delhi is undeniably the most preferred city to
pursue their careers. Following is Maharashtra, where Mumbai is abode to all
the individuals in the list from the state. In Gujarat, Vadodara is the
preferred city. Outside of India, most of the artist on Hurun India Art List 2019
chose France as their country of residence. The UK and the US are also the preferred
global country to settle for most of the Indian artists on the list.
Table 4: Residence of Hurun India Art List 2019
|
Rank
|
State/City
|
List Entries
|
Indian Artist (Highest Turnover)
|
|
1
|
New Delhi
|
16
|
Krishen Khanna
|
|
2
|
Maharashtra
|
7
|
Akbar Padamsee
|
|
3
|
Gujarat
|
4
|
Ghulam Mohammed Sheikh
|
|
4
|
Karnataka
|
4
|
A Balasubramaniam
|
|
4
|
West Bengal
|
3
|
Jogen Chowdhury
|
|
4
|
Paris
|
3
|
Sakti Burman
|
|
4
|
Andhra Pradesh
|
3
|
Thota Vaikuntam
|
|
4
|
London
|
3
|
Anish Kapoor
|
Source: Hurun Research Institutein Association with ArtPrice.com
Table 5: Place of Origin in Hurun
India Art List 2019
|
Rank
|
State/City
|
List Entries
|
Indian Artist (Highest Turnover)
|
|
1
|
West Bengal
|
8
|
Arpita Singh
|
|
2
|
Maharashtra
|
7
|
Anish Kapoor
|
|
3
|
Kerala
|
6
|
A Ramachandran
|
|
4
|
Karnataka
|
5
|
Nataraj Sharma
|
|
5
|
Gujarat
|
4
|
Himmat Shah
|
|
5
|
New Delhi
|
4
|
Rameshwar Broota
|
|
7
|
Telangana
|
3
|
Thota Vaikuntam
|
Source: Hurun Research Institutein Association with ArtPrice.com
Women
in the list
Some notable women made their way into the
Hurun India Art List, 2019, and have found fame for their creative works both
in India and abroad. Hurun Report Art List 2019features twelve such artists whose
works have grossed some of the highest sales figures at auctions around the
world.
Table 6:
Hurun India Art List 2019 – Top 10 Women Artists
|
Rank
|
Name
|
Turnover (INR Crores)
|
Lots Sold
|
Best Result (INR Crores)
|
Residence
|
|
1
|
Arpita Singh
|
5.25
|
12
|
1.87
|
New Delhi
|
|
2
|
Zarina
|
2.85
|
18
|
0.50
|
New York
|
|
3
|
Sujata Bajaj
|
2.55
|
12
|
0.67
|
Paris
|
|
4
|
Anjolie Ela Menon
|
2.19
|
15
|
0.49
|
New Delhi
|
|
5
|
Bharti Kher
|
1.10
|
3
|
0.47
|
New Delhi
|
|
6
|
Anju Dodiya
|
0.83
|
4
|
0.38
|
Mumbai
|
|
7
|
Ranjani Shettar
|
0.70
|
1
|
0.70
|
Bengaluru
|
|
8
|
Rina Banerjee
|
0.40
|
4
|
0.14
|
New York
|
|
9
|
Jayashree Chakravarty
|
0.35
|
4
|
0.14
|
Paris
|
|
10
|
Celia Paul
|
0.34
|
8
|
0.17
|
London
|
Source: Hurun Research Institutein Association
with ArtPrice.com
Youngest
Artistsin the list
Table
7: Hurun India Art List 2019 – Top 10
Young Artists
|
|
Name
|
Age
|
Turnover (INR Crores)
|
Rank
|
Art Form
|
|
1
|
Dhananjay Singh
|
42
|
0.57
|
35
|
Sculpting
|
|
2
|
RanjaniShettar
|
42
|
0.70
|
29
|
Sculpting
|
|
3
|
Thukral&Tagra
|
43/40
|
0.68
|
30
|
Multiple
|
|
4
|
JitishKallat
|
44
|
1.00
|
24
|
Painting
|
|
5
|
Raqib Shaw
|
45
|
5.21
|
7
|
Painting
|
|
6
|
A Balasubramaniam
|
48
|
1.26
|
20
|
Sculpting
|
|
6
|
LN Tallur
|
48
|
28
|
Sculpting
|
|
|
8
|
Jagannath Panda
|
49
|
0.77
|
27
|
Multiple
|
|
9
|
Bharti Kher
|
50
|
1.10
|
22
|
Sculpting
|
|
10
|
NS Harsha
|
50
|
0.57
|
35
|
Painting
|
Source: Hurun Research Institutein Association
with ArtPrice.com
Art
Forms
As per Hurun India Art List 2019, Contemporary
artists dominate the Indian art space this year. When it comes to the form of
art, more than 50% of the artists in Hurun India Art List 2019 prefer painting.
Akbar Padamsee, Krishen Khanna, and Jogen Chowdhury are some of the top
painters as per this year sales made at public auctions. 24% have chosen
multiple modes of expression which include painting, etching, sketching,
sculpting, murals and installations.
Table 8: Hurun India Art List 2019 – Mode of expressing Art
|
Mode
|
No. of Artists
|
|
Style
|
No. of Artists
|
|
Painting
|
27
|
|
Contemporary
|
32
|
|
Multiple
|
12
|
|
Modernist
|
6
|
|
Sculpting
|
9
|
|
Surrealism
|
5
|
|
Sketching
|
2
|
|
Abstract/Indian Folk Art
|
7
|
Source: Hurun Research Institutein Association
with ArtPrice.com
When it comes to the style of art, Contemporary
form of art dominatesthe list with 64% artists of Hurun India Art List 2019.
Contemporary art refers to art influenced by the happenings of the present day
and Contemporary artists often reflect and comment on modern-day society.
Viewers, instead of looking for the aesthetics, look for its realistic
depiction of the society. Anish Kapoor,
Akbar Padamsee, and Jogen Chowdhury are some
of the leading Contemporary artists on our list.
Modernist art is the art related to the period
between the 1860s and 1970s which seeks a new alignment between the experiences
and values of modern industrial life. Some top modernists in our list are
Krishen Khanna, Arpita Singh, and A Balasubramaniam.
Surrealism is the artistic and literary
movement from the 1920s which sought to liberate thought, language, and human
experience from oppressive boundaries of rationalism. The artists illustrate
the unconscious characterized by bizarre, dream-like imagery and colour choices
or techniques. Some top artists in Hurun India Art List list are Raqib Shaw,
Shakti Burman, and Rameshwar Broota.
Abstract form of art is that which moves away
from visual references and does not attempt to give an accurate depiction of
reality. The artists simplify and schematize the objects in their works.
Abstract art is often seen as carrying a moral dimension, in that it can be
seen to stand for virtues such as order, purity, simplicity, and spirituality.
Zarina, Sujata Bajaj, and Ganesh Haloi are some of the well-known abstract
artists in the list.
Indian folk art is, as the name suggests, a
form that depicts Indian people, particularly rural, in their daily lives.
Thota Vaikuntam and Laxma Goud are the two artists in the lists representing
this style.
Interesting
Facts
·
Contemporary artistSudhirPatwardhan is also a
writer and a retired career radiologist.
·
Illustrious couple Subodh Gupta (ranks 5th)
and Bharti Kher (ranks 22), who have featured on the list, own a house worth
INR 100 Croresin New Delhi, which they bought in 2012
·
Modernist Sketcher Balkrishna Doshi is also an
accomplished architect whose masterpieces include the building of IIM-Bengaluru,
art gallery Amdavad ni Gufa, and the Tagore Memorial Hall in Ahmedabad. In
2018, Doshi is the first ever Indian to win the Pritzker Architecture Prize.
·
15 of the artists featured on the list have
received one of the fourth highest civilian honors from the Government of
India. Ghulam Mohammed Sheikh has received a Padma Shri as well as a Padma
Bhushan.
·
Akbar Padamsee’s masterpiece ‘Greek
Landscape’,which was sold in 2019 for INR19 Crores, was first bought by his contemporary Krishen Khanna for INR1,000 in 1960!
Government honors
Numerous
artists in the list have been bestowed with honors and awards at state, central
and international levels for their contribution to the art and admirable
dedication and passion to their profession. In the Hurun India Art List 2019,
15 artists have received one of the four highest civilian honors in India. It
is notable that contemporary artist Ghulam Mohammed Sheikh is a recipient of
both Padma Shri and Padma Bhushan.
Table 9: Civilian Honors
|
Honor
|
No.
of Artists
|
Artist
(Highest Turnover)
|
|
Padma Shri
|
10
|
Krishen Khanna
|
|
Padma Bhushan
|
5
|
Anish Kapoor
|
|
Padma Vibhushan
|
1
|
Satish Gujral
|
Source: Hurun Research Institutein Association
with ArtPrice.com
Table 10: Hurun Most Successful
Indian Artists Alive Today 2019
|
Rank
|
Name
|
Age
|
Turnover (INR Crores)
|
Art Form
|
Residence
|
Lots Sold
|
Best Result (INR Crores)
|
|
1
|
Anish
Kapoor
|
65
|
168.25
|
Sculpting
|
London
|
102
|
9.31
|
|
2
|
Akbar
Padamsee
|
91
|
45.84
|
Painting
|
Mumbai
|
38
|
11.70
|
|
3
|
Krishen
Khanna
|
94
|
9.48
|
Painting
|
New Delhi
|
44
|
1.18
|
|
4
|
Jogen Chowdhury
|
80
|
7.78
|
Painting
|
Santiniketan
|
35
|
2.72
|
|
5
|
Subodh Gupta
|
55
|
6.55
|
Multiple
|
New Delhi
|
7
|
1.75
|
|
6
|
Arpita Singh
|
82
|
5.25
|
Painting
|
New Delhi
|
12
|
1.87
|
|
7
|
Raqib
Shaw
|
45
|
5.21
|
Painting
|
London
|
8
|
1.78
|
|
8
|
Sakti Burman
|
84
|
4.54
|
Multiple
|
Paris
|
43
|
1.18
|
|
9
|
Thota Vaikuntam
|
77
|
3.53
|
Multiple
|
Hyderabad
|
26
|
0.89
|
|
10
|
Himmat Shah
|
86
|
3.36
|
Sculpting
|
New Delhi
|
14
|
1.78
|
|
11
|
Rameshwar Broota
|
78
|
2.86
|
Painting
|
New Delhi
|
4
|
1.22
|
|
12
|
Zarina
|
82
|
2.85
|
Sketching
|
New York
|
18
|
0.50
|
|
13
|
Sujata Bajaj
|
61
|
2.55
|
Painting
|
Paris
|
12
|
0.67
|
|
14
|
Satish Gujral
|
93
|
2.47
|
Multiple
|
New Delhi
|
14
|
0.44
|
|
15
|
Anjolie Ela Menon
|
78
|
2.19
|
Multiple
|
New Delhi
|
15
|
0.49
|
|
16
|
Manu Parekh
|
80
|
1.57
|
Painting
|
New Delhi
|
15
|
0.31
|
|
17
|
Ravinder Reddy
|
63
|
1.51
|
Sculpting
|
Visakhapatnam
|
3
|
0.93
|
|
18
|
Laxma Goud
|
78
|
1.47
|
Painting
|
Hyderabad
|
30
|
0.42
|
|
19
|
A Ramachandran
|
84
|
1.37
|
Painting
|
New Delhi
|
7
|
0.61
|
|
20
|
A Balasubramaniam
|
48
|
1.26
|
Sculpting
|
Bengaluru
|
4
|
0.50
|
|
21
|
Nataraj Sharma
|
61
|
1.13
|
Painting
|
India
|
8
|
0.35
|
|
22
|
Bharti Kher
|
50
|
1.10
|
Sculpting
|
New Delhi
|
3
|
0.47
|
|
23
|
Gulam Mohammed Sheikh
|
82
|
1.00
|
Painting
|
Vadodara
|
6
|
0.43
|
|
24
|
Jitish Kallat
|
44
|
1.00
|
Painting
|
Mumbai
|
3
|
0.41
|
|
25
|
Vivan Sundaram
|
76
|
0.95
|
Multiple
|
New Delhi
|
6
|
0.54
|
|
26
|
Anju Dodiya
|
55
|
0.83
|
Painting
|
Mumbai
|
4
|
0.38
|
|
27
|
Jagannath Panda
|
49
|
0.77
|
Multiple
|
New Delhi
|
10
|
0.49
|
|
28
|
LN Tallur
|
48
|
0.76
|
Sculpting
|
Bengaluru
|
2
|
0.52
|
|
29
|
Ranjani Shettar
|
42
|
0.70
|
Sculpting
|
Bengaluru
|
1
|
0.70
|
|
30
|
Thukral & Tagra
|
43, 40
|
0.68
|
Multiple
|
Gurgaon
|
5
|
0.33
|
|
31
|
Sudhir Patwardhan
|
70
|
0.62
|
Painting
|
Mumbai
|
7
|
0.24
|
|
32
|
Lalu Prasad Shaw
|
82
|
0.61
|
Painting
|
Kolkata
|
16
|
0.07
|
|
33
|
Shanti Dave
|
87
|
0.60
|
Multiple
|
New Delhi
|
11
|
0.15
|
|
34
|
Atul Dodiya
|
60
|
0.59
|
Painting
|
Mumbai
|
3
|
0.49
|
|
35
|
NS Harsha
|
50
|
0.57
|
Painting
|
Bengaluru
|
5
|
0.18
|
|
35
|
Dhananjay Singh
|
42
|
0.57
|
Sculpting
|
New Delhi
|
4
|
0.33
|
|
37
|
Paresh Maity
|
54
|
0.47
|
Painting
|
New Delhi
|
3
|
0.27
|
|
38
|
Surendran Nair
|
63
|
0.44
|
Painting
|
Vadodara
|
5
|
0.18
|
|
39
|
Ganesh Haloi
|
83
|
0.42
|
Painting
|
Kolkata
|
5
|
0.13
|
|
40
|
Rina Banerjee
|
56
|
0.40
|
Sculpting
|
New York
|
4
|
0.14
|
|
41
|
Jayashree Chakravarty
|
62
|
0.35
|
Painting
|
Paris
|
4
|
0.14
|
|
42
|
Celia Paul
|
60
|
0.34
|
Painting
|
London
|
8
|
0.17
|
|
43
|
Anandajit Ray
|
54
|
0.33
|
Painting
|
Vadodara
|
4
|
0.27
|
|
44
|
Jyothi Basu
|
59
|
0.30
|
Painting
|
Thiruvananthapuram
|
2
|
0.25
|
|
44
|
Nalini Malani
|
73
|
0.30
|
Painting
|
Mumbai
|
4
|
0.18
|
|
46
|
Shibu Natesan
|
53
|
0.29
|
Painting
|
Thiruvananthapuram
|
5
|
0.14
|
|
46
|
TV Santhosh
|
51
|
0.29
|
Painting
|
Mumbai
|
4
|
0.21
|
|
48
|
Arpana Caur
|
64
|
0.27
|
Multiple
|
New Delhi
|
5
|
0.08
|
|
49
|
Balkrishna Doshi
|
91
|
0.26
|
Sketching
|
Ahmedabad
|
3
|
0.14
|
|
50
|
GR Iranna
|
59
|
0.24
|
Painting
|
New Delhi
|
4
|
0.11
|
Source: Hurun Research Institutein Association
with ArtPrice.com
Methodology
The Hurun India Art List 2019 has been researched and compiled by the
Hurun Research Institute. The list relates to artists who were born in India or
who have made India their place of work.
Hurun Report has estimated the
realized gross amount from sales of the top 50 Indian artists over the past
year. We have collected data from some top auction-houses and agencies in the
industry. The artists have sold their works all over the world in different
periods, which may make it easy to miss out on some auctions and even some
artists. Nevertheless, Hurun Report’s team of researchers have ensured a
thorough and multiple cross-checking of information to reach the most accurate
values of sales with an objective to identify the most influencing stars in the
art space.
For the purpose of curating the
Art List, Hurun Report has worked closely with Artprice.com, one of world’s
foremost online art price databases. Artprice is a French website created by
Thierry Ehrmann which aims to give “unique access to Fine Art information” and
is a marketplace for art enthusiasts to buy and sell artworks. Artprice has
displayed works of over 700,000 artists and has a vast collection of close to
126 million artworks, some of which date back to the 1700s.
* The
report belongs to Hurun Report India. Any third party brands, names or
trademarks contained in the report belong to the relevant third parties.
About Hurun
Report
Hurun Report is a leading luxury
publishing and events group established in London in 1998 with a strong
presence in China and India. It is widely recognized world-over for its
comprehensive evaluation of the wealthiest individuals across the globe. Hurun
Report is the largest compiler of the rich list globally.
Hurun Report Inc. has four divisions:
Hurun Report Media, a stable of digital media and four magazines; Hurun
Research Institute; Hurun Conferences, an active events division targeting
entrepreneurs and high net worth individuals; and Hurun Investments, a US$20m
early stage venture capital fund with investments into tech, media, retail and
education.
Investment
Hurun Investments has a portfolio of
20 companies with a market value of US$50million, with investments into tech,
media, design, education as well as a vintage car race and a tailor.
About Hurun
Report India
“Passionate About Indian
Entrepreneurship”
Hurun Report India commenced
operations in 2012 and has been bringing to light stories of successful and
emerging Indian entrepreneurs ever since, felicitating them at a bouquet of
Hurun events hosted pan-India.
Hurun Report India serves as India’s
definitive voice celebrating wealth creation, innovation and growth. This year,
Hurun further expanded its repertoire by releasing the Hurun Global Rich List
2019, a ranking of the 2,470 US dollar billionaires, so-called ‘Nine-Zero
Club’, currently in the world and the seventh India Rich List which ranks the
831 richest individuals in India, allowing for comparisons between some of the
most dynamic economies in the world. The purpose of this list is to try and
tell the story of modern India through the eyes of an entrepreneur. For the full details, please refer to on www.hurunindia.net
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