Art News. Vasari Codex

trending_up market schedule Apr 26, 2025 visibility 23 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.

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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.