Price Index Development

IIM Ahmedabad-AuraArt Indian Art Index

Image: Prashant Das

IAIAI


IAIAI is a quarterly price index reflecting price movement in constant-quality modern art (paintings) by Indian artists auctioned over time. Currently, the index is based on artwork produced by top 25 artists.

The index has been put together using a data-driven methodology that analyzes price variations in artwork auctions of top 25 Indian artists across the globe over 20-years. IAIAI therefore can offer, art enthusiasts, financiers, insurers, and other stakeholders across the sector, data to calculate the percentage change in the likely market price of an artwork over time.

Partner:

Aura Art

Project Duration:

Ongoing

Index Start:

Q1 2001

Developed by:

Prashant Das, PhD, in collaboration with Rishiraj Sethi of Aura Art

IIM Ahmedabad-SFarmsIndia Agri Land Price Index

Image: Prashant Das

ISALPI

ISALPI was launched during the second quarter of 2022. SFarmsIndia, a Hyderabad-based Agri Land (Online) marketplace, signed a memorandum of understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) on 25 November 2021. The MoU laid out the blueprint for a collaborative research project on the pricing of Agri Land parcels listed on the SFarmsIndia platform. SFarmsIndia agreed to share new land listing data with IIMA on a regular frequency. IIMA agreed to explore the idea of developing an Agri Land Price Index for India based on the SFarmsIndia data. The first batch of data included over 6,000 listings across several states of India starting the January of 2019.

Partner:

SFarmsIndia

Project Duration:

Ongoing

Index Start:

January 2019

Developed by:

Prashant Das, PhD, in collaboration with Kamesh Mupparaju of SFarms India