Article: Indian artist Souza hits $1.17 mn in Sotheby's May auction

London, May 24 -- Francis Newton Souza ruled the roost at Sotheby's May auction of The Indian Sale here with his "Amsterdam Landscape" going for $1.175 million to a private collector.

Sotheby's raked in a total of $7.96 million for artefacts as well as Indian contemporary art at its auction Tuesday.

"Today's sale shows the market entering a new phase with evidence of a mounting appreciation and demand for important works by the top artists from an increasingly informed, discerning and expanding group of collectors," said Sotheby's head of sales Edward Gibbs.

The sale also demonstrated the growing strength of the Indian miniature painting market. "A packed saleroom witnessed buoyant ...

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