Giftex.in’s Modern & Contemporary Art Auction delivered strong results; here are the top lots that surpassed estimates
C.D. Mistry’s Auction Turnover Reaches ₹1.98 Crore
Mistry’s market has grown steadily, with 2025 contributing 54 per cent of revenue from 2022-2025
A quiet revolution has been unfolding in the auction world for Ahmedabad-based Modern artist C.D. Mistry. Between 2021 and 2025, his works generated a total turnover of ₹21.98 crore.
That impressive figure comes from hammer prices across all auction companies. The standout year was 2025, which contributed 54% to the total revenue from 2022 to 2025.
The momentum built steadily. Prices for Mistry’s works at auction rose 2.5 times over the period. This is clear in the price index, with 2022 as the base year at 100, climbing through 2023, 2024, and peaking in 2025.
2025 brought record-breaking sales on AstaGuru. An untitled oil on canvas, measuring 42 x 96.5 inches, sold for ₹38.72 lakh ($44,000) in the December auction. Earlier that year, Radha Krishna Churning Curd—a 63 x 54 inch oil on canvas—fetched ₹17.52 lakh ($19,912) in the February auction.
The sales reflect broader patterns in lots sold by price point. From 2021 to 2025, 13 works sold up to ₹10 lakh, and 6 between ₹10 lakh and ₹50 lakh. In 2025 alone, 3 sold up to ₹10 lakh, and 4 in the ₹10 lakh to ₹50 lakh range.
These figures highlight the sustained attention for Mistry’s distinctive style, which draws from Madhubani, Alpana, Saurashtra and Kutch embroideries, and folk murals of Rajasthan and Gujarat.
Read the full story in the premiere issue of LuxeTrope, on stands now.
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C.D. Mistry’s market has grown steadily, with 2025 contributing 54 per cent of revenue from 2022-2025