The Science behind Valuing Art | Chennai
- September 20, 2025
- 11:00 am to 12:30 pm
- Sundaram Mutual Fund,Alamelu Terrace (Citibank Building), 3rd floor,163, Anna Salai, Chennai 600 002.
CFA Society India is delighted to host Mr.Rishiraj Sethi, CFA for a session on The Science behind Valuing Art
A painting by MF Husain selling a few months back for Rs 118 crore has clearly piqued ones interest in this emerging asset class. It still being a far cry (just 4%) of the value of the highest priced International painting (Rs 2,940 crore for a Leonardo da Vinci) only shows the headroom that Indian art has to grow, as we see emergence of more and more Indian collectors as well as global collectors adding Indian art to their collections. Before deciding on the extent of allocation to this asset class, it is important to understand how art is valued and the underlying trends in the market, to get a perspective on which category of artists will outperform others. Besides, since most wealthy families already have a significant exposure to art and collectibles (and are constantly adding to it), it is important to assist them in valuing these collections, for succession planning, insurance, taxation etc. Art is globally established as an alternate asset class for centuries, with many European families treating art as ‘family silver’ since generations. This trend is likely to catch up in India, with the wealth creation cycle only gaining momentum and an ever increasing interest in ‘investments of passion’.
EVENT DETAILS
Date- 20th September 2025
Time- 11:00 am to 12:30 pm (Followed by Lunch)
Venue-Sundaram Mutual Fund,Alamelu Terrace (Citibank Building), 3rd floor,163, Anna Salai, Chennai 600 002.
Rishiraj Sethi, CFA
Rishiraj Sethi co-founded Aura Art in 2008, which is well on its way to become India’s leading Integrated Art House - catalysing collection building (www.auraart.in) and management (www.artinfrasolutions.com). He pursued his CA (all India rank holder) and CFA (US), while working for 11 years with Andersen / EY (1997-2008), in Taxation and Investment Banking. Since then, he has significantly focussed on research, creating awareness of Art as an asset class, documenting and valuing collections and promoting artists of calibre. He is now recognised as a thought leader in the art space, co-authoring publications "The science behind valuing art" (December 2017) and "ArTax - Managing tax risks of artworks" (August 2018) alongwith EY, "ArtIP - Art of creating Intellectual Property" (August 2019) with International Legal Alliance (ILA), reports on "ArTrends" (October 2019 and April 2020), report on "Art Insurance" (December 2021), "Art Law E-Book" alongwith Dentons Link Legal (December 2024) and “Aura Art Digest” (June 2025). He also jointly developed the first-of-its-kind IIMA-AuraArt Indian Art Index (IAIAI), alongwith Prof Prashant Das, Faculty Member, Finance and Accounting, IIMA (launched in November 2022). His entrepreneurial journey has been widely featured and he has won various accolades for professionalising the Indian art market. Besides being involved in various community service projects, his other interests include dancing, singing, writing poetry and Heartfulness meditation.
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