Prices rise to record highs as the scale of Indian art burgeons after Covid

When compared to the West and China, though, the value of Indian art is much lower

On August 31, an SH Raza acrylic on canvas, titled Gestation (1989), became the most valuable Indian artwork ever sold at an auction. It went for an astounding Rs 51.75 crore, including commissions.

The same day, two more records were made. FN Souza’s oil painting, Hunger, fetched Rs 34.5 crore, marking a new pinnacle for the artist, and Tyeb Mehta’s bronze sculpture, Two Heads, sold for Rs 14.95 crore, the highest price for a modern Indian sculpture.

Ten days later, Amrita Sher-Gil smashed all past records. Her 1937 oil on canvas, The Story Teller, sold for a staggering Rs 61.8