Art analysts believe that other online galleries do not always put prices on works of art because they want to leave room for negotiation. But with access to prices, and archives on the histories of the artists and their works, Saffronart simply swept the market away.
Artist Amrita Sher-Gil's In the Ladies' Enclosure became the second most expensive Indian work of art sold globally, after fetching a whopping Rs 37.8 crore at Saffronart's recent Summer Live Auction.
The items which included a Porsche Panamera and a gold Cartier wristwatch were expected to fetch Rs 50 lakh.
Dinesh Vazirani on how he built Saffronart into an institution.
Sixty-eight paintings that once belonged to fugitive diamond merchant Nirav Modi will go under the hammer next week.
The recent India Art Fair in New Delhi generated greater interest than before in local contemporary artists among a growing cohort of Indian collectors, including millennials. But growth in Indian art is not restricted to that alone. This year saw 91 exhibitors, a much higher number than 63 in the previous edition - indicating a flourishing market. While live auction sales were largely suspended during Q2 of 2020 due to Covid-19 precautions, global fine art auctioneer Christie's says online-only sales were up 262 per cent in 2020 to $311 million), marking a record total for the channel.
As many as 68 artworks went under the hammer on Tuesday evening and included works by the greats like Raja Ravi Varma, V S Gaitonde, F N Souza, Jogen Chowdhury, and Akbar Padamsee among others.
'Greek Landscape' is now the most expensive painting by Akbar Padamsee.
Sher-Gil's Untitled (Zebegeny Landscape) led the sale against a pre-sale estimate of Rs 3.9 crores to Rs 5.2 crores (USD 600,000 - 800,000).
Collectors can now buy works by some of the best-known Western modern artists and at prices less than what they've paid for some works by the Indian modern masters.
The sale offered art collectors and dealers access to a range of contemporary paintings, sculptures and photographs, and was accompanied by online and mobile catalogues according to information released by the auction house on Tuesday.
Saffronart, the online portal that sells art and jewellery has joined hands with real estate services firm Cushman
Since the note ban was announced auction houses, galleries and art fairs are witnessing lukewarm sales -- even with masters like Souza, Raza and Padamsee. Ritika Kochhar reports.
Noted artist Tyeb Mehta passed away at his residence in Mumbai on Thursday morning. Mehta was suffering from a heart ailment. The 83-year-old artist holds the record for the highest price an Indian painting has ever sold for in a public auction for 'Celebration' at Christie's in 2002. In May 2005, his painting 'Kali' sold for Rs one crore at Saffronart's online auction. In December 2005, Mehta's painting 'Gesture' was sold for Rs 3.1 crore to Ranjit Malkani.
Osian's auction of modern and contemporary masters on June 30 in Mumbai fetched the highest average lot per price of any auction of Indian works this summer. At Rs 59 lakh, it bested Christie's Rs 39 lakh, Sotheby's Rs 24 lakh and Saffronart's Rs 17 lakh.
Tyeb Mehta's untitled work, F N Souza's Titian's Grandfather and Jogen Chowdhury's Couple A are among Indian modern art works that would be auctioned by Saffronart.com, a leading online auctioneer, on December 5 and 6. The lower end sales estimate of the 110 lots of work to be auctioned is $ 7.2 million.
Atul Dodiya's Chickoo Drawing which fetched just over $3.19 lakh topped the lot in the auction by Saffronart which ended on Thursday.
Ritika Kochhar finds out how Indian miniatures, which were once buried in manuscripts, ended up drawing collectors the world over.
'Raza exemplified a sense of warmth and a connectedness to his roots and to Indian earth.'
'... and all of the symbolism, history, the colours of his motherland, the earth, the sky, all of that is there and it always remains with him.'
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
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