Giftex.in’s Modern & Contemporary Art Auction delivered strong results; here are the top lots that surpassed estimates
S.H. Raza’s Market Momentum: 567 Lots Sold in 5 Years
From 87 lots in 2021 to 105 in 2025, Raza’s market shows consistent volume growth
S.H. Raza’s auction market thrives on volume as much as value, with a steady stream of works finding buyers year after year. Between 2021 and 2025, a total of 567 lots were sold, reflecting broad accessibility and reliable demand across his diverse output.
The annual numbers tell a story of consistency with upward momentum: 87 lots in 2021, 93 in 2022, peaking at 136 in 2023, rising to 146 in 2024, and settling to 105 in 2025. This flow keeps his market active, drawing collectors at every level.
Price-point data over the full period highlights the spread. A total of 204 lots sold for up to ₹10 lakh, 178 between ₹10 lakh and ₹50 lakh, 56 from ₹50 lakh to ₹1 crore, and 120 in the ₹1 crore to ₹10 crore range. Notably, nine lots exceeded ₹10 crore, adding firepower to the top end.
Raza’s range—from drawings and paper works to major canvases—fuels this volume, making his market welcoming for new and established collectors alike. The consistent lot movement underscores his blue-chip reliability.
Read the full story in the premiere issue of LuxeTrope, on stands now.
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