Four down, two to go. Bodhi Art has closed its galleries in Delhi, Singapore, New York and Berlin. Its Kala Ghoda flagship appears on the verge of going under. The lease will not be renewed after it runs out in September, say people in the art world. That will leave only Bodhi Space in downmarket Wadibunder, which is likely to function as a warehouse for the considerable collection the gallery has amassed over its five-year existence.
Bodhi, the most prominent emblem of the art market’s dizzying climb, is the highest-profile victim of the market crash.
That's the opening of my article published in the current issue of Time Out. The entire article is here.