Economics of Art & Cultural Industry explores the economic aspects of art and the cultural industry, illuminating the intricate interplay between creativity and commerce. It investigates the establishment and structuring of the art auction market, the evolution of market dynamics, and the privileging of certain artists and their economic trajectories. The analysis extends to the impact of government policies and the changing global understanding of India on cultural trade. This research area offers a comprehensive understanding of the financial forces driving India's cultural landscape.