The range of estimates for the works allows new buyers to enter the market.

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This auction has opened a space at the bottom for a new generation of artists to come into auctions. The auction results are a sheer boost to young artists. Just like China, Russia and the US, Indian contemporary art was the next big genre to arrive on the world scene.

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There will be 125 lots, featuring 44 contemporary artists - the post independence generation who I believe have created their own sensibilities with an eye on international trends.

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