India's art market has grown nearly 200-fold in 25 years, fuelled by record-breaking auctions and rising collector confidence
Krishen Khanna Sees Surge in Auction Lots
A steady rise in the number of lots sold highlights the expanding demand for Krishen Khanna’s works
Krishen Khanna’s auction market is marked not only by strong values but also by a consistent rise in the number of works sold over the years. This steady increase in volume reflects a growing and sustained demand for his work across categories.
Between 2021 and 2025, a total of 400 lots were sold at auction, demonstrating the scale and consistency of his market presence. The yearly progression of lots sold further illustrates this upward trend. In 2021, 48 works were sold, followed by 43 in 2022 and 62 in 2023. This number rose significantly to 102 in 2024, before reaching 145 lots in 2025—the highest in this five-year period.
The sharp increase between 2024 and 2025 is particularly notable, with a 29.7 per cent rise in the number of lots sold. This growth indicates heightened activity in the auction market and a broader participation from collectors.
In 2025 alone, the 145 lots sold included a substantial number of paper works created between 2020 and 2025. These works formed the largest share of lots sold during the year, highlighting the role of recent creations in driving market volume.
This steady rise in the number of lots sold, combined with a broad price distribution, reflects a market that is both active and expanding. Khanna’s works continue to attract interest across levels, ensuring a consistent flow of transactions at auction.
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