The Saffronart winter online auction of modern Indian art, which featured 160 canvases by 43 Indian artists, earned a total of Rs.68.6 million ($15.3 million), Syed Haider Raza’s ‘Climat’ fetching $1.4 million.

The auction, which took place exclusively on www.saffronart.com Dec 6-7, had 160 lots. Of the 147 works sold, 127 earned above their higher estimates.

This auction was the 15th in the series by Saffronart and its structure and time span allowed serious collectors as well as first-time buyers worldwide to place their bids over a period of two days, as opposed to a period of a few hours in a live auction.

Posted: 12|8|06 at 8:07 am. Filed under: Auction News.