India Modern Art Boom Spreads Through Spring Auctions
The Indian modern art market has reached a significant milestone as a 19th-century oil painting by Raja Ravi Varma sold for nearly $18 million at auction. The sale of 'Yashoda and Krishna' reportedly involved high-profile Indian tycoons from the pharmaceutical and consumer industries acting as both buyers and sellers, signaling a robust domestic appetite for blue-chip Indian masterpieces.