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Good Indian sales at Sotheby’s London but contemporaries’ slump worsens, Arts

Good Indian sales at Sotheby’s London but contemporaries’ slump worsens

Two trends emerged from Sotheby’s auction of contemporary and modern India art in London on October 7, which achieved sales totalling £4.7m ($7.6m). The top lot was Tyeb Mehta’s notable Blue Painting with a bid of £930,000 (£1.12m including buyers’ premium), which was 50% above the lowest estimate.
The first trend is that, in the current [...]

By | Arts, The Foreign Desk | Thursday, 9 October 2014 at 6:52 pm

Christie’s wakes up the Indian art market with a $15m Mumbai auction, Arts

Christie’s wakes up the Indian art market with a $15m Mumbai auction

India’s slumbering modern art market came alive last night at Christie’s first auction in the country when astonishing prices were achieved totalling $15.45m (Rs96.5 crore), roughly doubling estimates. Collectors say that this was the result of extensive marketing by a big Chrisite’s team and the excitement of a live auction, though some of the top [...]

By | Arts, The Foreign Desk | Friday, 20 December 2013 at 1:33 pm

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