Rising Power: Discussing the Indian Art Market’s Position and Trajectory

Anders Petterson is the founder and CEO of ArtTactic , a London-based art market research and analysis company set up in 2001. ArtTactic is one of the leading art market research companies and a pioneer in data and art market intelligence and analysis. ArtTactic produces a number of global art industry reports in collaboration with partners such as the Deloitte Art & Finance Report, Hiscox HAT 100, TEFAF Art Patronage Report among others. Anders regularly lectures on a variety of art market topics for Sotheby’s Institute (London), and he was a founding board member of Professional Advisors to the International Art Market (PAIAM) between 2011 and 2021.

Dinesh Vazirani is the Co-Founder and CEO of Saffronart, a prominent international auction house specializing in modern and contemporary Indian art and the one of four co-founders of ART MUMBAI, the city’s first dedicated art fair, which debuted in November. Dinesh has led the organisation in providing access and information to seasoned collectors, institutions and a new community of art enthusiasts. He earned a Bachelor’s in Fine Art and a Master’s in Industrial Engineering from Stanford University, followed by an MBA with honours from Harvard Business School in 1994. After completing his MBA, Dinesh returned to India to help manage his family’s businesses, WMI Cranes and WMI Power, where he played a key role in expansion and mergers and acquisitions alongside the company’s German partners. He has held multiple leadership positions within the Young Presidents' Organization (YPO) and serves on the boards of various companies in India. He also served on the Stanford Alumni Association’s Board of Directors. An avid collector and advocate for Indian art for over two decades, Dinesh is a recognized industry expert and frequent speaker at art-related events.

Samsuddha Majumder is senior partner in the Trilegal tax practice and has a unique profile of specializing in both direct and indirect taxation as well as foreign trade and allied laws, which provides him an unique advantage to provide holistic and complete tax advice to clients in complex transactions. He advises clients on direct tax and indirect tax matters, specifically GST, Customs duty (including anti-dumping and safeguard duty matters), and legacy indirect taxes. He also provides assistance in the field of import and export controls and foreign trade laws, setting up and operating special economic zones and export-oriented units. He also assists clients regarding legal metrology laws, Indian standards marks and consumer protection laws. He has in-depth experience in direct corporate taxation including structuring of foreign direct and institutional investment, repatriation, and exit. He regularly advises on overseas loan transactions and the tax implications on infrastructure and energy projects, such as structuring of concession and EPC contracts, and onshore and offshore drilling contracts. Samsuddha has advised on the formation of incorporated and unincorporated joint ventures, business transfer and business restructuring agreements arising from mergers/ demergers or asset sale agreements, employment-related taxes, stock option schemes and secondment related GST/PE concerns. Samsuddha is closely connected with industry segments such as civil aviation, Defence, infrastructure and energy, manufacturing and heavy industries, retail, e-commerce and consumer products, and e-commerce.

Kabir Jhala is a London-based journalist and the art market editor of The Art Newspaper, the journal of record for the international art world. He oversees the publication's coverage of galleries, fairs and auctions, as well as the intersections of politics, law and finance with the art trade. Travelling often to the subcontinent, he reports widely on South Asian art. He has moderated panels and given lectures on the art market at the Royal Academy of Art, the Courtauld Institute and Sotheby's Institute, among others.