Sotheby's South Asian Art Auction Achieves $22.1 Million with Complete Sell-Through
Sotheby's New York held a Modern & Contemporary South Asian art auction that generated $22.1 million in sales, representing the department's second-highest total in over three decades. The event achieved a perfect sell-through rate, with all lots finding buyers and 95% of works exceeding their highest pre-sale estimates. Manjari Sihare-Sutin, Sotheby's Worldwide Head of Modern and Contemporary South Asian Art, described the auction as a significant milestone, highlighting the strong global demand for artists from this region. She noted record-breaking results for artists including K.C.S. Paniker and Vivan Sundaram, along with robust international participation. The auction's final tally substantially surpassed the initial estimate range of $7.5 to $10.8 million. This performance demonstrates increasing market recognition for South Asian modern and contemporary art within the international art landscape.
Key facts
- Sotheby's Modern & Contemporary South Asian art auction totaled $22.1 million
- The auction achieved a 100% sell-through rate
- 95% of works sold above their high estimates
- This represents the department's second-highest total in over 30 years
- The sale was held at Sotheby's New York
- Manjari Sihare-Sutin is Sotheby's Worldwide Head of Modern and Contemporary South Asian Art
- Record results were achieved for artists K.C.S. Paniker and Vivan Sundaram
- The final total exceeded the estimated range of $7.5 to $10.8 million
Entities
Artists
- K.C.S. Paniker
- Vivan Sundaram
- Bhupen Khakhar
- Manjari Sihare-Sutin
Institutions
Locations
- New York
- London
- United Kingdom