Advertisement

HindustanTimes Thu,27 Nov 2014

Obsolete law takes shine off art show

Gargi Gupta, Hindustan Times  New Delhi, August 20, 2009
First Published: 01:11 IST(20/8/2009) | Last Updated: 01:14 IST(20/8/2009)

It’s only into its second year, but the India Art Summit is already getting global attention.

Advertisement

Seventeen of the 54 participating galleries at the art fair, which began at Pragati Maidan on Wednesday, are from abroad.

They include renowned names such as London’s Lisson Gallery and Dusseldorf’s Beck & Eggeling.

But here’s the funny thing: galleries can’t make a sale unless they deposit the worth of the paintings plus taxes with the government.

This is because of the ATA Carnet, a kind of customs agreement, under which galleries have to furnish bank guarantees to the tune of 100 per cent of the value of their works. They will get back 98 per cent of the money when they take the artworks back with them.

“So even if you don’t sell, the government makes 2 per cent on it,” said Michelle D’Souza, director, Lisson Gallery, London.

No wonder, small galleries have been able to bring in only a couple of works.

Art lovers can blame commerce for their loss.


Advertisement
more from New Delhi

Clean air a fundamental right, says green court

Air pollution has continued to be a serious health risk in Delhi with the levels of tiny particles that carry toxins and go deep inside lungs having remained 3-4 times the standards in the last three years, government data shows.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved