Osian's Auction Catalogue The Masterpieces Series | March 2010

94 F rancis n ewton s ouza An Analysis of Auction Sales, 1996 – 2009 Table 2. Sale Value and Liquidity during different Periods 1996-2004 2005-2009 1996-2009 Sale Value (INR, Crores) 14.7 284.9 299.6 Average Annual Sale Value (INR, Crores) 1.6 57.0 21.4 Growth in Liquidity (CAGR) # 56% 18% 40% Liquidity according to Genre (CAGR) Christian Inspiration 13% 11% 11% Head 8% 12% 11% Landscape / Cityscape 30% 29% 29% Narrative 26% 25% 25% Nude 16% 17% 17% Still Life 7% 6% 7% Total 100% 100% 100% Table 3. Trend in Price Appreciation according to Genre Genre S.I.R. # Appreciation 1996-2009 (CAGR) S.I.R. Appreciation 2005-2009 (CAGR) Christian Inspiration 15% 31% Head 34% 21% Landscape / Cityscape 21% 14% Narrative 15% 21% Nude 19% 12% Still Life 40% 31% Total 29% 49% Table 4. Trend in Price Appreciation according to Support Support S.I.R. Appreciation 1996-2009 (CAGR) S.I.R. Appreciation 2005-2009 (CAGR) Canvas / Board 30% 20% Paper / Card 12% 33% Total 19% 24% Table 1. Total Sales Values for Individual Auction Houses, 1996 - 2009 Auction House Sales Value (INR, Lakhs) Average Sales Value (INR, Lakhs) Bonhams 3,033.5 24.7 Christie’s 9,518.9 43.1 Osian’s 2,364.8 38.1 SaffronArt 5,408.9 34.2 Sotheby’s 9,305.0 46.3 Others* 331.7 15.8 Total 29,631.3 38.7 * Others include Apparao Galleries, Astha Guru, Bowrings, Emami Chisel and HEART # CAGR = Compound Annual Growth Rate S.I.R. = Square Inch Rate A sample of the Database (1987 – 2010) which is available for all Modern & Contemporary Indian Artists from the Osian’s Arts-Economic Library which will be available online for the public from May 2010.