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.

newspaper The Financial Express open_in_new Read original

trending_up market schedule Oct 6, 2025 source 2 sources visibility 20 link 11 artists, 1 gallery

Record sales and a tax break close out blockbuster year for South Asian Modern market

Two record-breaking auctions closed a blockbuster year for the South Asian Modern art market. On 27 September, Saffronart in New Delhi sold 85 lots for $40.2 million—the largest single sale ever in South Asia—while on 29 September, Sotheby’s in New York sold 54 lots for $25.5 million, a record total for South Asian art in the West. These followed Christie’s March sale of M.F. Husain’s mural *Gram Yatra* (1954) for $13.7 million, the highest price ever for an Indian painting. India also enacted a major tax reform, cutting the Goods and Service Tax (GST) on art from 12% to 5%, further stimulating the market.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Apr 23, 2025 visibility 15 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 9 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