Art auctions in India have proven that the Indian art market is on the up and that collectors of these types of artwork are  buying art online.

Auction house Saffronart set a new auction record  earlier this month for artist Jehangir Sabavala in their New Delhi sale. Sabavala's 1971 work Flight in Egypt 1, which had an original estimate of $133,335 - 150,000, sold for $500,000.

Egypt

Flight in Egypt 1, Jehangir Sabavala

The highest priced lot of the auction was La Terre, by S H Raza, which sold for $1.36 million against an estimate of $833,335 - 1,166,670.

Online auction house AstaGuru's September sale set a new auction record for leading Indian female contemporary artist Anjolie Ela Menon.

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