Leading auctioneer Osian’s has notched up a total sale of over Rs 8 crore at its recent auction of Indian Modern & Contemporary Art and Craft.
By Ashok Nag Economic Times.
"Interest for India’s first professional public auction of contemporary craft was evident as the prices attracted three times more than its lower estimate. Bids climbed as bidders upped the price of each lot that went under the hammer," Niranjan Desai, Osian’s spokesperson told ET... "The consequences of this auction will be enormous for all the artisans and crafts people of India. It is a huge challenge to absorb this financial high," said Desai.
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