Saffronart is holding an online auction of 95 works of art today and tomorrow. The bidding is active and some of the biggest lots are racking up real money. An Akbar Padamsee painting has reached the low estimate at $250,000 within the first day and a Francis Newton Souza work has topped the high estimate at $150,000 too. But the lot with the most bids is a Sudarshan Shetty sculpture that is soaring over its high estimate to $5640 with many hours left to go.

Saffronart (registration required)

Also of Interest:

• Indian Art Auctioned Online
  India’s Business Standard runs this story about Saffronart’s online auction of Indian works that will precede by a week London’s...
  
• Christie’s Souza Sale Makes £5.45m
  Today’s sale of works held by the estate of Indian Modern master, Francis Newton Souza made £5.449m ($7.9m) with these...
  
• Saffronart Gets Smart
  The New York Observer finds a Harvard Business School case study in Saffronart: “Saffronart was able to see a market...
  
• Saffronart Spring Results
  Saffronart had their Spring sale last week resulting in a solid 75% sell-through and sales volume right in line with...
  
• Saffronart’s Blazing Summer Sale
  Saffronart held its Summer online sale of Modern and Contemporary Indian art last week:...