I. Paintings

Paintings may be objects of great beauty or of historical importance, providing an important cultural link with the past,carrying monetary value or have sentimental value to their owners. Whichever the case, paintings are fragile creations that require special care to assure their continued preservation. Paintings consist of various layers.

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If I am interested in a particular work, how can I acquire it? How long will I have to wait for my artwork to arrive? Will I have to pay for shipping and packing?

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ABSORBENT GROUND

A chalk ground which absorbs oil and is used in oil painting to achieve a matt effect and to speed up drying.

ABSTRACTION

Art that takes shapes and simplifies the shapes in order to emphasize form instead of subject matter. The subject matter is still recognizable.

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Initiating and building a collection may be a challenging task when starting from scratch, therefore Gallery 7 advises new collectors to take the following systematic approach.

Educate Your Self:
Before you set out with checkbook, you need to educate your self. I'm not talking about an education in art history. But, rather a thorough understanding of what you like and what you don't like. And, even though you may think you know what that is, it will change as you begin to look at more complex and quality art.

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Art is now expressly defined as a capital asset in the Income Tax Act even though it may be a personal effect. Under recent Income Tax Rules following property is defined as Art :

• Archaeological collections
• Drawings
• Paintings
• Sculptures
• Any artwork

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Seasoned investors of today have found that diversifying their investments into various categories of assets is a very useful strategy in increasing returns and art investment has become a significant part of the asset portfolio.
Due to the increasing demand and limited supply, good art featuring well established and historically important artists will always appreciate, in spite of the surrounding financial and economic situation.

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In the early 1900s, the prime concern of Indian artists was to preserve and revive India’s cultural identity which at the time, was being repressed by the British Raj. The Bengal School, a major art movement in the early 20th century supported nationalistthemes, as seen in the works of Abanindranath Tagore, Gaganedranath Tagore, Asit Kumar Haldar and Kalipada Ghoshal - with a focus on Indian mythology and religion.

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In 2014, the global art market had an unprecedented year in sales with revenues reaching USD 66 billion. It is clear that the market has recovered since 2009-2010, when owing to the global economic crisis, sales dipped by 48 per cent. In fact, sales have exceeded the pre-recession peak of 2007 when the highest recorded estimate of the global market was USD 55 billion. While USA remains the largest market, followed by Britain, China has emerged as a force to reckon with over the past decade and in 2010, it even surpassed the US while the latter was dealing with the effects of recession.

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ABSTRACT

The Style:
Abstract artists felt that paintings did not have to show only things that were recognizable. In their paintings they did not try to show people, animals, or places exactly as they appeared in the real world. They mainly used color and shape in their paintings to show emotions. Some Abstract art is also called Non-objective art. In non-objective art, you do not see specific objects. It is not painted to look like something specific.

The Artist:
Sonia Delaunay
Jackson Pollock

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