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PHD Chamber: Art Collection – Build and Manage
Posted on April 30, 2022
The Banking, Financial Services and Insurance Committee as well as the Library Committee of the PHD Chamber of Commerce and Industry held a physical event on “Art Collection – Build and Manage” with Mr. Rishiraj Sethi, director Aura Art Development Pvt ltd.
Shri Pradeep Multani, President of the PHD Chamber of Commerce and Industry, welcomed all the distinguished speakers, members and distinguished guests. In his keynote, he said that today’s knowledge session is unique in many ways. This is not a typical business topic that chambers of commerce are commonly known or associated with. It’s on a very interesting subject and it’s Art Collection. The arts foster an advanced level of thinking that can be applied in other academic disciplines and beyond. Individuals learn magnificence and proportion. Participation in the arts and learning about culture increases leadership capacity. Learners acquire skills in different areas such as making choices; building tactics, thinking and forecasting which are essential skills for leadership and leading a positive life.
He extended his compliments to the team members Mrs. Neetu Jiwarajka, chairperson of the library committee and MSK Sethi co-chairman of the committee and the BFSI team who were able to reflect on this interesting subject and worked together to make this event a great success.
Mr. Rishiraj Sethi, Director Aura Art Development Pvt ltd. in his knowledge session covered most aspects on “Art Collection – Build and Manage”. He gave a comprehensive presentation on the landscape of the art industry, wealth creation through art, art appreciation, art valuation and trends, tax issues and legal, art insurance, art NFT. He said that the value of artistic work depends on the ability to reach more hearts with creativity. Artwork from many great artists of the world like Sh. Raja Ravi Verma, Sh. MF Hussain and many more were presented to all members through digital presentation and also highlighted the work of many art schools in India. He pointed out that in our country, ART work is not promoted according to international standards, so it is necessary to focus on promoting ART work in our country. He said ART is an asset for wealth creation and artists should be recognized with proper valuation of their artworks. He also addressed tax and legal issues related to ART’s work. He emphasized the use of NFT (based on blockchain technology) platforms to show ART work and get the most out of it. He responded to every query efficiently during the session. The presentation covered most important aspects of the art collection.
Mr SK Sethi, BFSI Committee Co-Chairman of Chamber of Commerce and Industry PHD moderated the session and emphasized the need for this knowledge session and also requested the eminent speaker Mr. Rishiraj Sethi to deliver his expert presentation, while bearing in mind that a large number of participants will like to understand tax, legal issues and the concept of ART NFT. He also stressed the need for ART insurance and suggested that the government develop a policy to increase the number of museums, with emphasis on proper security, protection and insurance of the works of art on display. in museums. They are part of our history and our heritage. He also pointed out that art objects should be clearly written in the testamentary document created by any individual or family office, because in the coming years the value of art will increase in multiple ways. This will keep children away from litigation. He also raised a point on the revaluation of ART in company accounts. His insight on the subject was found to be very clear and his questions were found to be very relevant by the audience, which came from all over the country.
Mrs Neetu Jiwarajka The chairman of the library committee appreciated the presence of many artists and approved of the idea of having an art exhibition on a monthly basis at PHDCCI.
Mr. Robinson, famous, art critic and curator gave the vote of thanks and summed up the session with the key notes that there is great potential in India for the promotion of ART. He added that there is a need for awareness in society to promote contemporary and tribal ART work in India. He stressed that the government and the private sector should focus, work together to build more museums with bigger and better infrastructure. He pointed out that there is a great ART work going on in India and it is time to promote it worldwide.
Dr SP Sharma, Chief Economist and DSG, Chamber of Commerce and Industry PHD kicked off the program with his opening address and welcomed all dignitaries. He introduced the theme of the session “Art Collection – Build and Manage”.
The program brought together over 83 prominent members of PHDCCI, business and industry stakeholders, including the respected chair and co-chairs of the BFSI committee and the library committee.
Preview of the event on “Art Collection: Build and Manage”