VS Gaitonde's Canvas Becomes Most Expensive Indian Art in an Auction

A 1961 untitled oil canvas was sold at Rs 39.98 crore on March 11 became the most expensive Indian art in an auction. Sold at Saffronart Spring Auction, the masterpiece was made by abstract painter VS Gaitonde. Interestingly, the previous record was also held by the abstractionist's work that was sold for Rs 36.80 crore. Currently, the most expensive artwork in the world was sold for $450.3 million.