Saffronart's first big auction of 2022 breaches Rs 100 crore

Works of Raja Ravi Varma and Tyeb Mehta lead sales, with 89% lots sold

Saffronart has reported record sales for its first big auction this year that took place on Wednesday, with new milestones being set for modern masters such as Tyeb Mehta, M V Dhurandhar, Raja Ravi Varma and Pilloo Pochkhanawala.

The Mumbai-based leading art auction house’s Spring Live Auction generated total sales value of Rs 104.1 crore ($13.87 million), with 89.09 per cent of the lots sold.

The most sought after artworks were Mehta’s Untitled (Bull on Rickshaw) (1999) that fetched Rs 41.97 crore ($5.59 million), making it the highest value achieved by the artist in auctions and the second-most expensive work of Indian