Saffronart's record-breaking auction: Gaitonde, Mehta, Sabavala artworks draw huge bids

Entertainment Sep 29, 2025

Saffronart just made history at its 25th anniversary auction in Delhi, pulling in a massive ₹355.8 crore—the highest-ever total for South Asian art worldwide.
Highlights included Vasudeo Gaitonde's painting selling for ₹67.08 crore, making him India's second-most valuable artist after M F Husain.
Tyeb Mehta's Trussed Bull also fetched ₹56 crore, while works by Jehangir Sabavala and F N Souza drew impressive bids.

Contemporary art's moment

According to Saffronart CEO Dinesh Vazirani, Indian art is gaining serious traction as an investment—right up there with real estate and gold.
Wealthy collectors are driving this shift, but there's growing buzz among younger buyers too, especially for contemporary pieces that reflect today's vibe.