This webpage provides releases and other information related to the IIMA-AuraArt Indian Art (Price) Index (IAIAI) launched in November 2022.
IAIAI is a quarterly price index reflecting price movement in constant-quality modern art (paintings) by Indian artists auctioned over time. Currently, the index is based on artwork produced by top 25 artists.
The index has been put together using a data-driven methodology that analyses price variations in artwork auctions of top 25 Indian artists across the globe over 20-years. IAIAI therefore can offer, art enthusiasts, financiers, insurers, and other stakeholders across the sector, data to calculate the percentage change in the likely market price of an artwork over time.