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 record-breaking phase where prices now routinely cross Rs 50-100 crore. Key sales include M.F. Husain's 'Gram Yatra' (1954) for approximately Rs 118 crore in 2025, currently the highest price for an Indian artwork, and significant price escalations for modern masters like Tyeb Mehta, S.H. Raza, and Amrita Sher-Gil.