Teeming with a young breed of high salaried professionals, once conservative Chennai is fast emerging as a hub of modern art as young artists from across the country are making a beeline to cash in on the new wave of interest in paintings.
There has been an emerging trend among the young professionals classified as High Networth Individuals (HNI) which mainly included top management staff of IT and ITES companies, to buy paintings as an investment option, industry experts said.
Lalit Kala Akademi Regional Secretary R M Palaniappan told PTI the akademi had hosted about 50 to 60 painting exhibitions of young painters in last year. The number of buyers for paintings had increased drastically and the young artists find the city a perfect platform to sell their works.
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