In March art collector Amrita Jhaveri sold several works of modern and contemporary Indian art at a Sotheby’s auction in New York. The 43 works sold, formerly a part of the Amaya Collection, fetched $6,694,875. The market for contemporary Indian art suffered a downturn in 2008 with the onset of the global recession, but observers are hopeful this successful sale indicates a new trend. The sales prices for more than half of the lots exceeded their high estimates. Experts agree that this sale could prove very important to the Indian art world.
The Blog does not create an attorney client relationship. LaSusa & Deb, PLLC is a law firm and the contents of this blog may contain legal information, but such information does not create a relationship between the reader and LaSusa & Deb, PLLC or any of its attorneys. Information herein is not guaranteed to be complete, correct or up-to-date nor does it reflect the opinions of LaSusa & Deb, PLLC. Please read full disclosure at the bottom of the page.
