India, Oct. 31 -- Indian art is ending the year on a record high.

A tiny Indian painting from the 16th century measuring 29.8 cm in height and 18.6 cm in width has been sold for a mind-boggling 13.6 million dollars (about 120 crore rupees), creating a new world auction record for Classical Indian art.

Titled A Family of Cheetahs In a Rocky Landscape, the painting attributed to Mughal era artist Basawan, fetched the record price at a Christie's auction held in London on October 30.

The unprecedented price for a Mughal era painting follows the record-breaking auction of M F Husain's 1954 painting Gram Yatra, which became the most expensive work of Modern Indian Art in March this year at 13.7 million dollars.

A Family of Cheetahs In a Ro...