Kolkata, Aug 3 - Art work worth Rs. 400 million or Rs. 40 crore is expected to be showcased in the second edition of the India Art Summit which will be held in the capital Aug 19-22.

'We are expecting to have a varied range of art works in the exhibition with a total value of at least Rs.40 crore. Last year this figure was Rs.20 crore and more than 50 percent of the total products were sold during the event,' Neha Kirpal, associate director of the art summit, said here Monday.

'This year we're expecting the total price of all art works to be doubled considering the price increase of paintings and other works of art in the international markets,' she said.

Kirpal said last year the exhibition had received a huge response from different quarters and it attracted over 10,000 art enthusiasts during the four-day show.

'This year we're expecting many more footfalls than what we had last time.