HH Prince Bader offered to pay $450.3mn in one shot. Instead was asked to pay in six monthly installments. — 15th November(Wednesday) was the day when a Leonardo Da Vinci master piece ‘Salvator Mundi’ sold for a record $450.3 Million including buyers premium to an anonymous phone bidder and people started to speculate who is the buyer? …

Sublime, rare and contraversial masterpiece by Renaissance Master Leonardo Da Vinci made a world record for the most expensive artwork ever sold both privately and in a public auction. The Artwork, Salvator Mundi created history when it is sold for hammer price of $400 Million ($450.3 …

Unfold the economics of art in context of Fourth India Sale. Can demonetisation affect the art market? — World’s leading auction house Christie’s ventured first ‘on ground’ auction in 2013 and over the last 3 editions of INDIA SALE collctively sold artworks worth more than INR 285 CR. I have written about previous sales at length in Economics of Art part 1 and part 2. Later this month…

Key Statistics you need to know about SaffronArt Auctions 2015 — In 2015, one of the India’s leading auction houses Saffron Art organised 6 live sales and 2 online auctions and sold art worth more than INR 150 CR. Third quarter proved to be hugely productive which brought in INR 82 CR or more than 50% of annual sale total. …

Detailed analysis of previous Christie’s India auctions happened both in 2013 and 2014. — The South Asian Art 2013, Christie’s first on ground auction sold INR 96,59,37,500 (USD$15,455,000) worth of Art. Among many other records Vasudeo S. Gaitonde’s (1924–2001), Untitled work from 1979, sold for INR 23,70,25,000 (US$3,792,400), against a pre-sale estimate of INR 6,50,00,000–8,50,00,000. This was the highest price ever paid in India…

Part 1. Christie’s India Sale 2015 and introduction to auction business in India. — In less than a month from today world’s leading auction house Christie’s set to organise ‘The India Sale 2015’, Christie’s annual auction event to be held at iconic Taj Mahal Palace in Mumbai. The third iteration of South Asian Modern and Contemporary Art auction happening in relatively new interest market…