SINGAPORE - Christie's will become the first auction house to host a sale in India on Dec 19 at the luxurious Taj Mahal Palace in Mumbai.
The British auction house will be putting up art pieces by six modern Indian artists whose works have been defined as 'National Art Treasures', said Christie's.
These art works by artists such as Rabindranath and Nandala Bose are deemed of such high national importance to Indian culture that after the sale, they are required to remain within the country.
Hugo Weihe, Christie's head of Asian Art, said the move to have the auction in India is Christie's long term commitment to supporting and contributing to the consistently vibrant local art market.
In an interview with Bloomberg TV in 2012, Weihe said that there is a rising demand for emerging art markets such as India, along with China and Japan. He added that it is time for the Indian art market to shine.
Christie's first auction in India on Dec 19 will be focused on South Asian art modern and contemporary art. A preview exhibition will be available at The Taj Mahal Hotel in New Delhi from Dec 7 to 9.