ArtsBespoke

The Masters

The names
that set the market

Who they were, what they did, and the highest price each has reached in a public saleroom. Figures are published auction results achieved at the auction houses listed, not sales by Arts Bespoke.

The Progressives

AB / 1947

Six men founded the Progressive Artists' Group in Bombay in 1947 and first exhibited in 1948: Souza, Raza, Husain, Ara, Gade and the sculptor Bakre. They argued that an independent India needed an art engaged with international modernism rather than one looking back to a mythic past. Nearly eighty years later they remain the centre of gravity of the Indian market.

M. F. Husain 1915–2011

Born Pandharpur, Maharashtra. The most publicly recognisable of the modernists, painting horses, goddesses and rural and political life in a bold calligraphic line inflected by Cubism. Prolific and theatrical, he died in self imposed exile after threats over nude depictions of deities.

$13.8 MUntitled (Gram Yatra), 1954
Christie's New York · 19 Mar 2025

S. H. Raza 1922–2016

Born Kakaiya, Madhya Pradesh. Moved to Paris in 1950, absorbed the École de Paris, then in the 1970s returned to an Indian vocabulary centred on the Bindu, the point of cosmic energy. His jewel toned geometry bridges European modernism and Indian metaphysics.

₹51.75 crGestation, 1989
Pundole's, Mumbai · 31 Aug 2023

F. N. Souza 1924–2002

Born Saligão, Goa. The group's most confrontational voice: raw distorted figures, clergy and nudes in thick outline and expressionist violence, channelling a Goan Catholic upbringing he renounced. In London from 1949, the first postwar Indian artist to win real Western gallery recognition.

$4.08 MBirth, 1955
Christie's New York · 17 Sep 2015

K. H. Ara 1914–1985

Born Bolarum, Secunderabad. Largely self taught, and the first modern Indian painter to make the female nude and the still life a central, unapologetic subject. Instrumental in founding Bombay's Artists' Centre, giving younger painters the institutional support the Progressives themselves had lacked.

$389,453Bathers
AstaGuru · 2023

H. A. Gade 1917–2001

Born Amravati, Maharashtra. The group's landscape painter: near abstract, unpeopled views of houses and terrain in a muted textured palette, standing apart from the figuration of his colleagues. The least commercially documented of the founders.

Record unverified

S. K. Bakre 1920–2007

Born Baroda. The only sculptor among the founders, working in bronze and cast iron in an elongated modernist idiom before moving to Britain in 1951, where he shifted almost entirely to watercolour and receded from the Indian narrative.

$268,675Untitled
Sotheby's Mumbai · 2018

Abstraction and its neighbours

AB / FIELD

V. S. Gaitonde 1924–2001

Born Nagpur. India's foremost non figurative painter, joining Zen stillness to the material language of Abstract Expressionism, building luminous meditative fields by scraping and layering rather than gesture. Reclusive, refused to title or explain his work.

₹67.08 crUntitled, 1970
Saffronart · Sep 2025

Tyeb Mehta 1925–2009

Born Kapadvanj, Gujarat. Spare angular figures, the trussed bull, the falling body, Kali, in flat planes of saturated colour split by a signature diagonal. He witnessed Partition violence in Bombay and turned it into a formally rigorous idiom.

₹61.8 crTrussed Bull
Saffronart · Apr 2025

Akbar Padamsee 1928–2020

Born Bombay. A restless experimenter across painting, sculpture, photography and film, best known for the Metascapes, glowing abstracted landscapes built from pure colour and light. His 1954 obscenity trial over a nude was a landmark free expression case in independent India.

₹19.19 crGreek Landscape
Saffronart

Ram Kumar 1924–2018

Born Simla. Began painting urban alienation, then from the 1960s turned to near abstract landscapes of the Varanasi ghats: fractured planes of ochre, grey and black evoking the city's density without describing it. The Banaras series is one of Indian abstraction's most sustained bodies of work.

₹5 crVagabond, 1959
Christie's · 2008

Jagdish Swaminathan 1928–1994

Born Simla. Painter, critic and founder of Bharat Bhavan in Bhopal. He rejected both Western abstraction and revivalist nostalgia, building a symbolic vocabulary of birds, mountains and totemic forms from tribal and folk art to argue for a genuinely indigenous modernism.

$4.69 MHomage to Solzhenitsyn, 1973
Sotheby's New York · 17 Mar 2025

Jehangir Sabavala 1922–2011

Born Bombay, trained at the Slade and the Académie Julian. A precise faceted near Cubist technique applied to luminous landscapes, seascapes and solitary figures, marrying European formal discipline to a meditative sensibility. Long undervalued relative to his contemporaries.

$2.73 MThe Journey of the Magi, 1963
Sotheby's New York · 17 Mar 2025

Nasreen Mohamedi 1937–1990

Born Karachi. Worked in near total obscurity, making austere geometric ink and pencil drawings and black and white photographs stripped of colour and narrative, anticipating minimalist and conceptual concerns by years. Posthumous international retrospectives transformed her standing.

$1.32 MUntitled
Pundole's · 2024

Figuration and narrative

AB / STORY

Amrita Sher-Gil 1913–1941

Born Budapest to a Sikh father and a Hungarian mother. Trained at the École des Beaux-Arts, she returned to India in the early 1930s and turned academic technique toward village women, courtyards and the rural poor, painted without exoticism years before independence. Died at twenty eight.

$7.45 MThe Story Teller
Saffronart, New Delhi · 16 Sep 2023

Bhupen Khakhar 1934–2003

Born Bombay. A chartered accountant turned self taught painter who depicted small town India, barbers, watch repairers, domestic interiors, in a flat deliberately naïve style, and later became one of the first major Indian artists to paint explicitly homoerotic subjects.

$3.2 MTwo Men in Benares
Sotheby's London · 2019

Manjit Bawa 1941–2008

Born Dhuri, Punjab. Trained as a screen printer in London, he returned to develop luminous flat colour fields holding mythic and pastoral figures that float without ground or horizon, drawing equally on Pahari miniature painting and Pop flatness.

₹25.11 crUntitled, 1992
AstaGuru · Dec 2023

Krishen Khanna b. 1925

Born Faisalabad. The last surviving founder generation figure, celebrated for warm socially engaged pictures of working life, above all the recurring Bandwallas, the wedding band musicians. Still painting past his hundredth year.

$1.13 MThe Last Supper
AstaGuru · 2025

Arpita Singh b. 1937

Born Baranagar, West Bengal. Dense diaristic compositions layering women's bodies, guns, maps, domestic objects and fragments of text in a folk and miniature inflected palette, intimate and politically charged at once.

$2.24 MWish Dream
Saffronart

Anjolie Ela Menon b. 1940

Born Burnpur, West Bengal. Elongated Byzantine influenced figures painted on masonite with an oil and glaze technique that mimics the patina of old icons. Six decades of solitary women, nudes and domestic scenes.

$220,963Untitled
AstaGuru · 2025

Before the Progressives

AB / FOUNDATIONS

Raja Ravi Varma 1848–1906

Born Kilimanoor, Travancore. Joined European academic oil technique to Indian mythological subject and fixed the way Hindu deities are pictured to this day. Through the Ravi Varma Press, founded in Bombay in 1894, he put that imagery into ordinary homes as oleographs. More on the oleographs.

$17.9 MYashoda and Krishna
Saffronart · 1 Apr 2026

Abanindranath Tagore 1871–1951

Born Jorasanko, Calcutta. Founded the Bengal School in explicit reaction against Victorian academic realism, developing a soft focus wash technique drawing on Mughal and Rajput miniatures and Japanese brushwork. His Bharat Mata became an icon of the swadeshi movement.

$1.39 MMahatma Gandhi, The Spinner of a Nation's Destiny, 1922
Christie's London · Jun 2026

Rabindranath Tagore 1861–1941

Born Jorasanko, Calcutta. The Nobel laureate took up painting only in his sixties, turning the crossings out and doodles in his manuscripts into a startling untutored body of expressionist ink and gouache: masks, animals, brooding faces, belonging to no school at all.

₹10.74 crFrom Across the Dark, 1937
AstaGuru · 2025

Jamini Roy 1887–1972

Born Beliatore, Bankura. Academically trained in Calcutta, he deliberately abandoned Western technique in the 1920s for the flat colour, bold outline and folk iconography of Kalighat pat and village scroll painting, the first major Indian modernist to root his practice in indigenous tradition.

₹4.32 crUntitled
Saffronart · 13 Oct 2021

Nandalal Bose 1882–1966

Born Kharagpur, Bihar. The leading pupil of Abanindranath Tagore and later principal of Kala Bhavana at Santiniketan, fusing Ajanta mural technique, Japanese wash and Indian folk form. He illustrated the original manuscript of the Indian Constitution.

$2.75 MCollection lot
Pundole's · 2019

Ramkinkar Baij 1906–1980

Born Bankura, Bengal. Regarded as India's first modern sculptor, breaking from classical bronze casting to build monumental public figures, labourers and Santhal families, directly in cement mixed with laterite gravel. A radically vernacular choice of material.

$699,161Father & Son
AstaGuru · 2026

K. G. Subramanyan 1924–2016

Born Kuthuparamba, Kerala. A student of Nandalal Bose at Santiniketan and later central to the Baroda faculty, working across painting, terracotta relief, murals, textile design, children's books and reverse glass painting, arguing throughout for an art continuous with craft rather than separated from it.

Record unverified

Two entries read "record unverified". We would rather print that than a number we cannot source. Records also move: three of the figures above were set or reset between 2023 and 2026, and any figure we quote you in correspondence carries its date and its source.

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