Saffronart’s Summer Online Auction concluded last week, achieving a total sale value of INR 22.68 crores (USD 3.5 million). Works by Valay Shende, Atul Dodiya, Adeela Suleman, Tayeba Begum Lipi, Arunkumar H G, Senaka Senanayake, Surendran Nair and Dhananjay Singh saw enthusiastic bidding and exceeded their pre-sale estimates. 74% of the contemporary lots on offer were sold. The auction, which featured a selection of works by artists from the South Asian subcontinent, reflected Saffronart’s efforts at repositioning a market that has been seeing a slow revival. Valay Shende’s Lot 92, Untitled, a sculpture of a buffalo made from welded metal discs, sold at INR 43 lakhs (USD 67,500) against an estimate of INR 30 – 35 lakhs (USD 46,875 – 54,690). The artist’s claim to fame is his highly successful public sculpture, Dabbawalla, at Haji Ali in Mumbai. Lot 75, Atul Dodiya’s Five Drips from Vesuvius, sold
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