Osian’s and Citibank join hands to offer Art Advisory Services

Osian’s Connoisseurs of Art, India’s pioneering art and cultural institution has joined hands with Citibank (India), one of the world’s leading international banks, to offer Art Advisory Services to their clients. Osian’s will provide the expertise to systematically cohere various sources of knowledge and provide objective information on purchasing, preserving, valuing and selling art to the HNI clients of Citibank.

The art collector and investor needs to deeply understand the historical significance, intrinsic value, financial prospects, scarcity, condition, authenticity of the artwork along with understanding the need and nature of provenance and legal title documents. Osian’s appreciates the aesthetic sensitivities and offers a host of Art Advisory Services such as Documentation & Archiving, Authentication, Certification & Valuation, which is an in depth investigation process of an artwork involving several stages of research and analysis, Insurance Advisory Services to effectively insure artworks at correct valuations, Preservation & Restoration, Art & Cultural Events Management, Corporate Gifting, Museum & Collection Building Services for setting up, installing, maintaining and promoting a collection of art, Publication & Design Services and Estate Planning wherein one could be assisted with trust management and succession planning services and inheritance valuations. The Osian’s Archives and Financial Databases, the largest in the world to focus on India and Asia are naturally one unique source of expertise which step by step Osian’s is trying to share with the public, art fraternity and financial systems. The ET ART Index is one example of Osian’s sharing its art-related financial databases with the public in a systematic manner.

Stating the rationale, Meena Hingorani, President Art Advisory, Osian's, states: “Osian's has systematically built relationships with the financial institutional framework over the last few years. Forging a partnership with a global financial institution such as Citibank, is another very important step forward in laying the foundations for institutionalizing art and its infrastructure in India. Art is rapidly becoming a credible asset. Many more reputed financial institutions will be seeking such advisory services in the near future."

Mr. Sameer Kaul, Branch Banking Head for Citibank said, “At Citi, we are committed to providing the best of products, services and advice to our discerning clientele. Art, today presents an interesting asset class for investment and our clients are seeking the services of a trusted, expert advisor for procuring, selling and managing art, for which we have tied up with Osians.”

Source : Equity Bulls

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