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AstaGuru art auctions break records

AstaGuru art auctions break records

By: Business India

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Thu Jun 27 2024

AstaGuru has emerged as the leading art auction house, boasting the highest number of works sold in the Hurun India Art List 2024, with 28 magnificent pieces finding new homes

There is a great demand for Indian art, both for the renowned masters and the less expensive but equally beautiful work by others. As per the recently released Hurun India Art List 2024, the collective sales of India’s most successful artists reached a staggering Rs301 crore, marking a 19 per cent year-on-year growth, reflecting the increased demand for Indian work. AstaGuru has emerged as the leading art auction house, boasting the highest number of works sold in the Hurun India Art List 2024, with 28 magnificent pieces finding new homes.

AstaGuru Chief Administrative Officer, Siddanth Shetty, commented on the significance of online auction houses in the art market. He said: “Online auction platforms and virtual exhibitions have provided collectors a chance to view, learn about and purchase artworks from the world’s artists, from their homes. Our international auctions, with works by revered artists such as Henri Matisse, Salvador Dali and Pablo Picasso, offer this. Collectors access an easy, convenient way of growing their collection. The significance and success of online auctions was seen during global uncertainty (2020-2022). AstaGuru has only conducted online auctions and this led to our growth, even during the pandemic.

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