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Rs 355 crore sale marks new high for Indian art market
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Times of India
In his lifetime, his sublime abstractions-with their play of light and colour -were often overshadowed in a market enamoured of the decorative aesthetic of figurative art.
With total proceeds of Rs 355.8 crore ($40.2 million), it became the highest-value auction of South Asian art worldwide-a resounding signal of the Indian market's resilience even as global art sales waver.
"Indians are now seeing generational value in Indian art," said Dinesh Vazirani, Saffronart's CEO.
Tyeb Mehta's Trussed Bull (1956) fetched Rs 56 crore, eight times its upper estimate.
Nalini Malani's Nursery Tales sold for Rs 3.6 crore, underscoring how young collectors are increasingly drawn to politically and socially charged work.