Christie's to hold first South Asian Modern art sale in London in seven years

"The record price in the category, $13.8m- paid last year at Christies' in New York for a painting by the Mumbai-based Modernist M.F. Husain-is more than three times what it was 20 years ago."

"Today's buyer base in general has become more educated, more discerning, more interested in the art-historical context, setting it apart from the last, short-lived boom in the Indian art market."

"International institutions are more and more engaged with the category, which will help introduce these artists to a broader audience."

Christie's will host its first London sale of South Asian Modern and contemporary art since 2019, featuring 93 works from a private collection. The sale, titled Sublime Shadows, occurs amid a significant boom in the Indian art market, highlighted by record-breaking sales. The South Asian Modern and Contemporary sale at Christie's New York achieved $27 million, the highest for Indian paintings outside India. Experts note that the buyer base has become more educated and discerning, contrasting with previous speculative buying trends.

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