Sotheby’s Appetite for Indian Art

Two trends emerged from Sotheby’s auction of contemporary and modern India art in London on Oct. 7, which achieved sales totaling £4.7 million. The top lot was Tyeb Mehta’s notable Blue Painting, with a bid of £930,000, 50 percent above the lowest estimate.

The first trend is that, in the current highly selective and uncertain market, freshness plus prov…