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The Fine Art Of Timing It Right

Collector, connoisseur, and patron, Manoj Israni has curated his extensive art collection with genuine passion

Manoj Israni

A man who willingly trades in a Mercedes for an artwork is, without question, a true connoisseur. For Manoj Israni, who’s intensely passionate about art and determined to line the walls of his home with masterpieces, a luxury car seemed like a small price to pay. Having redefined ‘luxury living’ as surrounding himself with art and beloved companions—specifically his dogs, Edward and Oliver— Israni seeks to highlight how a creative outlook to life can be the foundation of creating a priceless collection.

While Israni is a renowned collector today, his entry into the world of art was quite fortuitous. “Art is something that came out of the blue. I run a pharma company,” he says, adding that he was raised in an environment where art and creativity were valued. But his interest in collecting was sparked by a simple need: furnishing his new home. Driven by a desire to recreate the atmosphere of his childhood home—headlined by a massive M.F. Husain painting placed front and centre—he began a hunt for his own masterpieces. “I bought a smaller Husain painting because I didn’t have enough space for a big one. Three months later, the person I bought it from asked me if I wanted to sell it back. I agreed and she gave me nine times the price for it, which I thought was interesting,” he recalls.

Israni feels that you need a do-your-own-research approach to collecting. He says he’s read almost every book on Indian art and this knowledge makes the process of acquiring art exciting, not challenging. “Collecting art is something that grew on me. I was always clear about what I wanted to buy and when. I don’t buy art from dealers or artists, I prefer auctions,” he says.

With a rise in disposable income and an expanding collector base in India, there has been a surge in buying art mainly as a form of investment. And that, Israni says, is a dangerous road to take. “You must like art first. I wouldn’t take the route of buying art solely as an investment. I do consign works to auction but that’s only because I want to upgrade,” he says, adding that he also doesn’t know anyone who buys art merely for its financial potential. “It’s like buying a diamond set for investment purposes. You don’t have a clue about diamonds; you don’t know where you’re putting your money. I know people who want to keep their art for generations and those who buy it as an investment, but they also know about art.”

Read the full story in the premiere issue of LuxeTrope, on stands now.

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