Art News. Vasari Codex

trending_up market schedule Apr 26, 2025 visibility 19 link 28 artists, 5 galleries

Charge of the Indian art brigade

At a Christie’s auction in New York’s Rockefeller Center, an untitled work (Gram Yatra) by MF Husain sold for over Rs 118.7 crore ($13.8 million), becoming the most expensive modern Indian painting ever sold. The buyer is reportedly collector and philanthropist Kiran Nadar. Other record-tying sales include Amrita Sher-Gil’s The Story Teller and Tyeb Mehta’s Trussed Bull, each fetching Rs 61.8 crore at SaffronArt auctions, while a Jagdish Swaminathan painting exceeded estimates at Sotheby’s. These results come amid a 19% rise in the top 50 Indian artists’ sales to $36.2 million, per the 2024 Hurun India Art List.

newspaper The Financial Express open_in_new Read original

trending_up market schedule Feb 15, 2026 visibility 19 link 15 artists, 1 gallery

The Great Indian Art Mafia

The Indian art market has undergone a dramatic transformation, shifting from a selective market with works priced between Rs 5-25 crore to a high-stakes arena where record-breaking sales are now common. Between 2023 and 2025, multiple works crossed the Rs 50-100 crore threshold, with M.F. Husain's 'Gram Yatra' (1954) achieving the highest price to date at approximately Rs 118 crore, acquired by the Kiran Nadar Museum of Art. The market has expanded to over Rs 3,000 crore, with projections of Rs 10,000 crore by 2030.

newspaper The New Indian Express open_in_new Read original

trending_up market schedule Apr 23, 2025 visibility 10 link 12 artists, 4 galleries

Indian art is having its breakout moment. Here's who's driving it

Three record-breaking auctions in New York and Mumbai have vaulted Indian modern art into global headlines. At Christie’s New York, M.F. Husain’s *Gram Yatra* sold for ₹118 crore, the highest price ever for an Indian artwork. Tyeb Mehta’s *Trussed Bull* fetched ₹61.8 crore at Saffronart’s Mumbai sale, nearly nine times its high estimate, while Jagdish Swaminathan’s *Homage to Solzhenitsyn* crossed ₹39 crore at Sotheby’s New York. Together, these sales raked in over ₹220 crore.

newspaper Mint open_in_new Read original

trending_up market schedule Mar 18, 2025 visibility 6 link 10 artists, 3 galleries

9 artists break auction records at Sotheby’s South Asian sale.

Nine artists broke auction records at Sotheby’s modern and contemporary South Asian sale in New York on March 17, 2025. The sale totaled $16.8 million, more than tripling its low estimate of $4.9 million. The top lot was Jagdish Swaminathan’s triptych *Homage to Solzhenitsyn* (1973), which sold for $4.68 million, far exceeding its estimate. Jehangir Sabavala’s *The Journey of the Magi* (1963) followed at $2.73 million. Other record-breakers included Ganesh Pyne, Madhvi Parekh, Nelly Sethna, Sheikh Mohammed Sultan, Mohan Sharma, and M. Sain.

newspaper Artsy open_in_new Read original