The New York Times Somini Sengupta felt the need to condescend to the Indian Art Summit by finding the “quality of works varied much more widely than at that premier New York art fair, and there was a lot less money involved.” Perhaps to make up for that bit of snobbery, she provides us with a few sketchy sale details:
One gallery owner from Mumbai said she was somewhat unprepared for what happened on preview day, before the fair opened to the public, when all three editions of a $13,000 neon light-and-acrylic piece by Tejal Shah, a young Mumbai artist, were snapped up by buyers. A New Delhi gallery sold 10 contemporary pieces, including photographs, paintings and sculpture, at prices ranging from $7,700 to $270,000.
Other dealers reported sales of contemporary Indian works for as much as $400,000. And two sold paintings by Picasso, each of which went for more than $1 million.