Giftex.in’s Modern & Contemporary Art Auction delivered strong results; here are the top lots that surpassed estimates
S.H. Raza Auction Results: A Guide to the Artist’s Rising Market Value
A steady rise in Raza’s turnover over five years underscores sustained demand and strong collector confidence
S.H. Raza’s auction performance stands out for its steady climb, with turnover figures that reflect enduring collector interest. Between 2021 and 2025, his works generated a total of ₹622.79 crore in sales, underscoring his blue-chip status in the Indian art market.
The year-by-year breakdown reveals clear momentum. Auction turnover started at ₹38.08 crore in 2021, rose to ₹75.76 crore in 2022, then climbed to ₹174.31 crore in 2023. It peaked at ₹199.11 crore in 2024 before moderating to ₹135.54 crore in 2025.
This cumulative ₹622.79 crore comes from 567 lots sold over the five years, with nine works breaching the ₹10 crore mark. The market’s reliability shines through in consistent sales, where Raza’s paintings deliver financial stability alongside cultural value.
Raza’s appeal spans formats, from large canvases to works on paper keeping the market active. His steady value growth makes him a go-to for collectors seeking both beauty and investment security.
Read the full story in the premiere issue of LuxeTrope, on stands now.
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