Bodhi shuts shop

Recession has claimed yet another victim, only this time on a much bigger scale. Bodhi art gallery, the sole Indian art gallery that had its branches in three international cities, has shut shop in New York and will soon close down in Berlin too. Remaining quite tight-lipped, Sharmistha Ray from Bodhi art gallery confirms, "We have closed down the New York gallery and we will be closing the one in Berlin by mid-February."

When DNA had contacted Bodhi earlier on the same, they had rubbished the matter. And though Sharmistha doesn’t share the status of the other three galleries in Delhi, Singapore and Mumbai, our sources allege that they will soon close their galleries in Delhi and Singapore as well. "Their flagship gallery in Mumbai will be the centre point of their business now. They have been getting all the art works down to Mumbai and have also been selling a lot of their art works from their counterparts," reveals a source.

Bodhi had rented spaces in Berlin, Singapore as well as in New York. "Bodhi opened five galleries in the span of about two years. They expanded very rapidly. And now due to the economic meltdown, maintaining these spaces would’ve proved to be a tough task" adds the source.