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...renowned modernist painter, Tyeb Mehta, 84, made history at a 2005 auction when his Mahisasura, which depicts a goddess defeating a demon, sold for nearly $1.6 million, the highest sum ever paid for the work of a living Indian artist...

Author: /time Magazine | Title: Milestones | 7/20/2009 | See Source »

...body of work. After years of relative neglect, modern art is now going through an extraordinary boom in India. Entrepreneurs, engineers and stockpickers enriched by the nation's economic rise have discovered that abstract paintings can make for a good investment, and prices have soared for leading modernists like Tyeb Mehta, Ram Kumar and M.F. Husain. Until recently, though, Sher-Gil had been somewhat forgotten amid the excitement. Because her paintings were declared "national treasures" in the 1970s and cannot be taken out of the country, overseas Indians, the most lavish patrons of art, have avoided buying her works...

Author: /time Magazine | Title: Shockingly Modern | 6/26/2006 | See Source »

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