With the upswing in the art market in India since the slowdown, online art galleries are picking up. Signalling the space where entrepreneurs can jump in and reap benefits.
Online galleries don’t require extensive expenditure and are easier to maintain. The other incentive being the connoisseur in you will never be away from stimulating colourful agents. Additionally, it can also provide many apsipiring artistes with a platform to sell their work.
 |
Is this for me
Ability to identify and select saleable art.
Insight
“It is one thing to buy and sell artwork and it is another to establish a gallery. Sometimes it may take as long as 10 long years to establish one,” Ashok Nayak, Ashok
Art Gallery.
How it was done
After finishing his degree in fine arts from BKCAC in Orissa, Ashok Nayak came to Delhi in search of buyers of his art. However, the galleries in the city turned out to be biased towards their native artistes. Disappointed, Nayak along with seven other co-artistes set out to launch a gallery of his own “Ashok Art Gallery” in the year 2003. It was soon followed by an online version. They used to send images to people which gave them the idea of starting online gallery. “We profile the paintings on our websites which the art connoissuers can view on request in our display rooms,” says Ashok. The website is used for profiling the paintings where buyers can do the initial screening and once they choose a artwork, they can come and see it in the display rooms.
Investment - Rs 30-40 Lakh
Avg. Break even - 3 months - 1 year
Margin - 25%
| < Prev | Next > |
|---|
