New Delhi, Feb. 17 -- Demand for Indian art is booming, as savvy millennials and high net worth individuals (HNIs) rush to pick up works of both modernist masters such as Sayed Haider Raza, and Vasudeo S. Gaitonde as well as lesser-known painters such as Bhupen Khakhar, driving up sales to a record.

founded Sotheby's, the world's oldest auction house, emerged as a top performer in the Indian art market in 2024, more than doubling its sales to Rs.304 crore or $35.1 million by auctioning artworks from the portfolio of contemporary south Asian art.

Representatives of the gallery said that growth is promising, with paintings of Raza, Gaitonde and Tyeb Mehta setting new benchmarks as risk-taking younger collectors, both from India and abroad...