Even the top notch artist will have inconsistency in works or better or bad periods in his/her creative journey. Artists who walked the steady tract not only clocked sales in the lowest times, in fact did better than before, for buyers looked for bargains and with more discerning perspective. But now that both the tides of steep prices and crashed prices have abated, it is time to do a reality check in the strictest sense of the term.No context, just playing on sentiment. HusainWith no historical perspective of art, any work whether or not auction worthy was thrown into the market. Both galleries and artists had raised prices unrealistically and forgot the long term perspective as they pushed some mid-level artists to ridiculous levels to price them like masters, which did them in – in every which way. No prizes for guessing why, for, far more than the creative process of creating and appreciating the art in the last few years were the galloping prices and then the crashing prices.

For instance, one share, say of Raymond is like any other, which is not true of art. But the so-called investors were in no mood to figure out and even those in the art world who knew better, were not willing to divulge these secrets. Market correction will lead to more rooted and discerning rise by next year as prices are often cyclical.THE ASIAN AGE.Manjit BawaFirstly, the feel good factor was that the price mart spared none. The crazy gallop was reigned in for better control – in horsey terms! The investors didn’t understand that unlike any other share bazaar, the art mart was a totally different ball game. My contention is that there should be clarity as to what determines art pricing – why is an artist said to &China Compressor bearing for sale39;go' for so much when artist's work varies? Who then should be the last word on pricing? The answer is not too far to find: If an artist or gallery seeks “x” price for the work of an artist’s work and gets it consistently, is what determines pricing. Auction prices became mere indicators of prices and not setting prices. After all, how often does one want to ride a roller coaster?

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