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Express News Service The last several quarters have seen the art world record astronomical auction prices for pieces by masters. Galleries such as Saffronart, Pundoles and others have seen collectors pay unprecedented prices for works. Ashvin Rajagopalan, director of the Piramal Foundation of Art, says that “Production of artworks was initially limited. But now artists are working on paintings in small volume”Auctions on the other are a whole other matter.” Many world records were broken between September to April, this year with just April 2021 having seen auction sales of Rs 260 crore,” he says, adding that the “sales are good because a lot of people have made money in business and also lots of people have pulled out from alternate investments and placed them in art which is more secure.” ....
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