New Delhi, April 7 -- What is going on with South Asian art? A lot if you have been following the secondary art market and auctions. In the past few weeks alone, we have seen the price threshold of major Indian artists being reset. Maqbool Fida Husain shattered all expectations when on March 19, Gram Yatra, an early work of his sold for Rs.118 crore at a Christie's auction. Prior to this, Husain's highest priced work was Untitled (Reincarnation), a large-format canvas, also from the 1950s, that achieved Rs.26.7 crore, having sold in 2024.

Last week, SaffronArt posted the highest sale yet recorded for South Asian Art on day one of its two-day Modern and Contemporary Indian art sale. Tyeb Mehta, Husain's contemporary and close friend sold fo...