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As it expands, the online art market in India promises a wider reach and better returns from the auction space. Online art auctions may be a relatively recent phenomenon; they are already challenging the auctioneer’s hammer as never before.
Today the Indian online art market already constitutes half the total art auction market in India, says the pioneer Dinesh Vazirani, CEO, Saffron Art, which had its first auction in 2000. Experts expect the growth to continue.