Tyeb Mehta’s 2002 painting fetches record ₹69.1 crore at single-work auction
12 Oct 2026Updated 2 hr ago1 source
A 2002 painting by the renowned Indian artist Tyeb Mehta has set a historic record, selling for ₹69.1 crore. The high-value transaction was managed by Jiwarajka’s auction house, Volte Una, using an innovative auction format that presents only a single masterpiece for sale.
NIKAN Intelligence
What happened
A 2002 artwork by painter Tyeb Mehta sold for a record ₹69.1 crore at an auction. The sale was facilitated by Volte Una, which utilized an experimental single-artwork auction format.
Why it matters
This transaction underscores the surging demand and valuation of modern Indian art globally and tests a new business model for specialized art auctions in India.
What we know
- The painting was created by Tyeb Mehta in 2002.
- The selling price reached a record ₹69.1 crore.
- The auction was conducted by Jiwarajka’s Volte Una.
- The auction format featured only one single piece of art.
What we don't know
- The identity of the buyer.
- The exact location where the auction was conducted.
- The specific title or subject matter of the 2002 painting.
Generated by NIKAN's analysis engine from the cited reports only. Nothing here is invented; gaps are shown as unknowns. Always read the original coverage linked below.
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