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MF Husain's 1972 painting fetches Rs 3.45 cr at auction; artwork by K Laxma Goud makes world record with Rs 1.71 cr sale
Sep 15, 2021
The latest edition of AstaGuru’s Modern Indian Art Online Auction concluded on 9 September with a sales value of Rs 42,69,72,421 crore ($5,930,146).
The auction achieved a ‘White Glove Sale’ with 100% lots sold along with four world records for artists Meera Mukherjee, Laxma Goud, Laxman Shreshtha, and Badri Narayan.
Speaking about the results, Sneha Gautam, Vice President-Client Relations, AstaGuru, said, “The sale featured several milestone works by eminent artists and the overwhelming response from collectors underscores the continued demand for works by the modernists that are new to the auction market and have great provenance. Furthermore, the four world records set for artists K Laxma Goud, Meera Mukherjee, Badri Narayan, and Laxman Shreshtha, indicate that the Indian art market is blossoming and that collectors are looking beyond works by the Progressive Artists Group to expand their collections.”