{"id":50183,"date":"2025-10-02T00:34:08","date_gmt":"2025-10-02T00:34:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/50183\/"},"modified":"2025-10-02T00:34:08","modified_gmt":"2025-10-02T00:34:08","slug":"another-milestone-for-indian-art-as-saligaos-son-souza-sets-new-record-goa-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/50183\/","title":{"rendered":"Another milestone for Indian art as Saligao\u2019s son Souza sets new record | Goa News"},"content":{"rendered":"

\"Another Francis Newton Souza, the Goa-born teen who got expelled from school for making dirty drawings on the walls of the school loo and who had an appetite for both risqu\u00e9 and risk, is now India\u2019s third priciest artist. His landscape \u2018Houses in Hampstead\u2019 sold for $7.576 million (approx Rs 66.9 crore) at a Sotheby\u2019s auction in London on Wednesday\u2014just a shade lower than a Gaitonde canvas that fetched $7.579 million (Rs 67.08 crore) in Delhi on Saturday, becoming the second most expensive Indian artwork sold at auction. And in case you are losing track with art records tumbling faster than one can say the word \u2018canvas\u2019, the top three are now M F Husain, Gaitonde and Souza. Tyeb Mehta whose \u2018Trussed Bull\u2019 sold for $7.27 million in April is now in fourth place.Clearly, the bull in the Indian art market is no longer trussed. Last weekend\u2019s Saffronart sale notched up sales of Rs 40.2 million while the Sotheby\u2019s auction brought in $25.5 million, the highest total in 30-year history for its South Asian art department. All lots were sold, with 94% exceeding their high estimates. Seven auction records were set, including those for Ganesh Pyne, Kalidas Karmakar, Laxman Shrestha, and Laxman Pai.\"TOI\"What\u2019s more, almost one-third of buyers were new. Manjari Sihare-Sutin, co\u2013worldwide head, Modern & Contemporary South Asian Art, Sotheby’s, attributes the current boom to a combination of economic confidence and a deepening cultural connection. \u201cAs India\u2019s global economic standing grows, both domestic collectors and members of the diaspora are increasingly engaging with art as a meaningful link to their heritage. We\u2019re seeing new collectors start at accessible price points and quickly grow comfortable acquiring works at the six- and seven-figure level.\u201d She also points to greater confidence in the long-term value of art. For instance, Souza\u2019s \u2018Houses in Hampstead\u2019 was bought for \u00a33,000 in 2001 and sold for \u00a35.6 million in this sale\u2014over a 180-fold increase, with nine bidders vying for it.But it\u2019s not just about money, she says. \u201cArt offers something no other asset class can: emotional and aesthetic resonance. Many of our diasporic clients collect not only for value, but so their children can grow up surrounded by a sense of cultural identity.\u201dIt also appears that the Indian art market has laid the ghosts of 2008 to rest. Then, flipping for quick profits had led to prices crashing. This time, say insiders, the rise has been slow but steady. Crucially, the ecosystem around Indian art \u2014 from new galleries to auction houses, and institutional collectors like the Kiran Nadar Museum of Art\u2014 has grown. Art fairs have multiplied, the presence of homegrown auction houses like Saffronart and Pundole has helped grow the market, and international museums no longer treat Indian art as an exotic novelty. Delhi artist Arpita Singh got her first solo retrospective at the prestigious Serpentine gallery in London. Tate Britain recently dedicated a room to the works of Souza, a founder member of the Bombay Progressive Artists\u2019 Group, who moved to London in 1949.<\/p>\n","protected":false},"excerpt":{"rendered":"Francis Newton Souza, the Goa-born teen who got expelled from school for making dirty drawings on the walls…\n","protected":false},"author":2,"featured_media":50184,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[38757,437,434,435,436,438,146,38753,24356,24355,24357,24358,85,38754,46,38756,38755,24359],"class_list":["post-50183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-arts-and-design","tag-art-market-growth","tag-arts","tag-arts-and-design","tag-artsanddesign","tag-artsdesign","tag-design","tag-entertainment","tag-francis-newton-souza","tag-goa-latest-news","tag-goa-news","tag-goa-news-live","tag-goa-news-today","tag-il","tag-indian-art-market","tag-israel","tag-sothebys-auction-in-london","tag-souza-sets-new-record","tag-today-news-goa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/50183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=50183"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/50183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/50184"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=50183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=50183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=50183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}