Saffronart Online Art Auction Beats Chr…

Saffronart, India’s leading on-line auction house, today beat Christie’s, the traditional market leader, with a two-day auction of South Asia modern and contemporary art that yielded sales equivalent to US$11.38 million – well over double the US$6.07 million achieved by Christie’s earlier this week at its London live auction on June 12. Saffronart’s total included a new world record auction price of US$3.998 million for a work by Tyeb Mehta, one of India’s top selling artists. (All prices are converted to US$ or £ for clarity)

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