Giftex.in’s Modern & Contemporary Art Auction delivered strong results; here are the top lots that surpassed estimates
From folk-inspired aesthetics to meditative abstractions, women artists are claiming elite ranks among collectors
For decades, the art world’s narrative was told through a narrow lens, with female artists often categorised as exceptions to the rule rather than the rule itself. However, as we moved through 2025, that narrative saw a fundamental shift. The presence of women in the Indian art market is no longer just a conversation about representation, it’s a conversation about market leadership, financial dominance, and cultural permanence. The past year demonstrated that the female perspective is a cornerstone of the market’s stability, with women driving some of the most competitive bidding. At auction, the contributions of women artists, from distinguished Modernists to Contemporary figures, are being recognised with high interest.
From the vivid canvases of Arpana Caur to the intricate palette knife of Shraddha More, the market is moving to a consistent demand for Contemporary women artists. But if there’s a single figure who embodies the strength and prestige of the 2025 market, it remains Amrita Sher-Gil. Her legacy as a foundational figure of Indian Modern art has only grown. In 2025, Sher-Gil maintained her position at the very top of the auction hierarchy, achieving a total turnover of ₹37.52 crore ($4.26 million) from 25 lots sold. The year’s most significant highlight occurred during AstaGuru’s November 2025 auction—her masterpiece, Portrait of Mother, sold for ₹12.10 crore ($1.38 million). This sale served as a definitive testament to the deep-rooted strength of the Modern segment and confirmed that Sher-Gil remains a blue-chip standard. The consistent demand for her work across 25 different lots, be it canvas or paper, indicates her importance.
While some artists find success through high trading volume, the 2025 market also highlighted the value found in rarity. Arpita Singh is a prime example. Despite only six lots sold last year, her work generated a turnover of ₹17.25 crore ($1.96 million). This indicates high interest for her complex, narrative-heavy compositions. Following a similar trajectory of uniqueness is Nasreen Mohamedi. Known for her minimalist and deeply philosophical works, Mohamedi is perhaps the most exclusive female artist on the 2025 list.
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Giftex.in’s Modern & Contemporary Art Auction delivered strong results; here are the top lots that surpassed estimates
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