Tyeb Mehta's 'Rickshaw Puller' fetches record 69 crore
Tyeb Mehta's painting 'Rickshaw Puller' sold for a record-breaking 69.1 crore rupees at the inaugural auction of the new house Volte Una. This sale highlights the enduring value of Mehta's work and the emergence of a new, exclusive auction model in the Indian art market.
Why it matters
The sale reflects the high-stakes nature of the Indian art market and the evolution of auction house strategies to cater to high-net-worth collectors.
In 2002, a Tyeb Mehta triptych aptly titled Celebration, from The Times of India collection, set off quite a party in the Indian art market when it became the first Indian painting to cross the crore mark at auction. Though it came in the winter of his life, it was a remarkable milestone for an artist who had spent much of his life in a cramped one-room Bombay apartment that doubled as a studio by day and a bedroom at night. Since that landmark sale, prices for Mehta's paintings, including those featuring his signature bulls, have bull-dozed many old records. The latest is Rickshaw Puller, which fetched Rs 69.1 crore at Volte Una's inaugural auction, setting a world auction record for the artist. The sale surpassed Mehta's earlier personal high of Rs 61.8 crore, set by Trussed Bull in April 2025.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in