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Indian modern art rules
Apr 02, 2021
VS Gaitonde was the star of AstaGuru’s recently concluded Modern Indian Art online auction, with his Untitled masterpiece from 1971 commanding the highest price at approximately Rs 14.13 crore. Overall, the auction registered an impressive Rs 70.68 crore in sales, with 100 per cent lots sold.
The auction catalogue featured 30 artworks by leading modernists including Tyeb Mehta, with most pieces being auctioned for the first time. “The results show an ever-growing demand for works by eminent Indian modernists. They are a testament to the fact that despite the uncertainty of the pandemic, the art auction market has stood its ground through the last year,” said CEO Tushar Sethi.