CAT 1998 — VARC Question 20

1. A market for Indian art has existed ever since the international art scene sprang to life.
A. But interest in architectural conceits is an unanticipated fallout of the Festivals of India of the '80s, which were designed to increase exports of Indian crafts.
B. Simultaneously, the Indian elite discarded their synthetic sarees and kitsch plastic furniture and a market came into being.
C. Western dealers, unhappy in a market afflicted by violent price fluctuations and unpredictable profit margins, began to look East, and found cheap antiques with irresistible appeal.
D. The fortunes of the Delhi supremos, the Jew Town dealers in Cochin and myriad others around the country were made.
6. A chain of command was established, from the local contacts to the provincial dealers and up
to the big boys, who entertain the Italians and the French, cutting deals worth lakhs in warehouses
worth crores.