Wednesday, September 9, 2009

The Rise and Fall of Bodhi Art

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.

8 comments:

globalbabble said...

Great article. I admire your ability to cut through the clutter and describe the chain of events related to Bodhi so clearly - and pose the right questions.

DS said...

I hope globalbabble is also a Facebook friend of yours Girish!! :)
We are all too spent to comment here!

Girish Shahane said...

Yes, she is a Facebook friend, don't know if she's logged on recently. In any case, it's one of those exchanges that was interesting when it happened, probably won't make for great reading in retrospect.

Jasmine Shah Varma said...

Bodhi became a talking point when it opened, when it was super active and now when it's closing down. So much talk is making it a legend!

dhruvi acharya said...

excellent article.
Amit Judge did make a huge impact on the Mumbai art world. His vision and drive need to be admired. In hindsight (of course), maybe what was required was more prudence and a better business plan. Anyway all associated parties walked into this (dimly lit labyrinth) with their eyes open...

Anonymous said...

Great article on Bodhi. Very balanced, I thought, and I loved the note it ended on. I'm not a Facebook friend, not being on Facebook at all, so I'm guessing I missed a lot of exchange.

Anyway, I look forward to more such engrossing reads.


JD

adrian mckinty said...

Very nice article Girish. Didnt know anything about this particular realm of the art world and now feel that little bit more enlightened...although some other piece of knowledge has probably been erased from my brain to make way for this, so if I cant remember how to do calculus or something in the future: your fault.

MP said...

Too spent is right, DS!

I find it ironic that the same month Bodhi -- who as Girish points out, raised the dinner venue bar to the hippest restaurant in town, Indigo -- shuts down the last of its gallery spaces, BMB opens with a party at Indigo!

Is history going to repeat itself?