Giftex.in’s Modern & Contemporary Art Auction delivered strong results; here are the top lots that surpassed estimates
S.H. Raza’s Top 5 Auction Lots Breach ₹150 Crore Mark
Leading with Gestation at ₹45 crore, Raza’s elite sales showcase his powerhouse market from 2021 to 2025
S.H. Raza’s top auction lots from 2021 to 2025 pack a serious punch, proving why he’s a cornerstone of the Indian art market. These five standouts racked up massive hammer prices, drawing collectors to his geometric masterpieces.
Gestation tops the list at ₹44,99,20,027 ($5,112,727), a blockbuster that highlights Raza’s commanding presence.
Close behind is Kallisté with ₹38,14,59,949 ($4,334,772), followed by La Terre at ₹29,27,14,540 ($3,326,301). These works underscore the premium placed on his abstract explorations.
Rounding out the top tier, Terra Amata fetched ₹23,56,15,225 ($2,677,445), while Black Sun (Le Soleil Noir) brought in ₹16,47,79,686 ($1,872,496). Together, they represent the high end of Raza’s market, where major canvases routinely shatter expectations.
These sales come amid 567 total lots sold over the period, with nine exceeding ₹10 crore. Raza’s diversity—from Bindu series to landscapes—keeps his appeal broad, but these elites show what happens when his best hits the block.
Read the full story in the premiere issue of LuxeTrope, on stands now.
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