India's top art auctioneer: I couldn't sell this painting for 4 lakh. It just crossed 40 crore| Mallika Sagar| Mukul Deora | E23.
A painting sells for ₹100 crore. But how does that number actually happen?
In this conversation with Mallika Saagar, India’s top art auctioneer, we demystify the Indian art market from how artworks move from artists to galleries, to how they enter auctions, to what really happens when collectors start bidding against each other.
Mallika breaks down the difference between the primary and secondary art market, how auction houses work, what buyer’s premium means, why the hammer price is not the final price, and how terms like reserve price, provenance, rarity, medium, condition, and quality…
The skinny
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