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London-based Indian-origin artist Anish Kapoor tops the Hurun India Art List 2024

Ranking the most successful Indian artists alive, the list indicates a buoyant art market in India

art(Source: Instagram/Anish Kapoor)

For the sixth consecutive year, London-based Indian origin artist Anish Kapoor has topped the Hurun India Art List of the most successful Indian artists alive, released by the Hurun Research Institute. The list ranks the top 50 living Indian artists according to the sales of their works sold at public auctions as of January 1, 2024.

“Our hypothesis on Indian art is testing positive. The Hurun India Art List 2024 evidences that the demand for Indian art is on the rise. For instance, the entry point for the top 10 artists rose from Rs 1.99 crore in 2021 to Rs 7.70 crore in 2024, reflecting a nearly 287 per cent increase,” noted Anas Rahman Junaid, Managing Director and Chief Researcher of Hurun Report India, in a release.

The total number of lots sold last year was 789, a 46 per cent increase over the previous year, which registered sales for 539 lots. According to the report, the works of “India’s most successful artists registers record sales of Rs 301 crore”, marking a 19 per cent year-on-year growth.

Junaid added, “In the 2024 list, the cumulative value of the top 50 works of art reached Rs 252.61 crore, up from Rs 82.57 crore in 2021, marking a three-fold increase. The threshold for an artist to enter the top 25 in the Hurun India Art List has increased from Rs 35 lakh in 2021 to Rs 1.9 crore in 2024, a rise of 443 per cent. The total lots sold in 2024 were 789, up from 495 in 2021, a 59 percent increase, indicating a growing interest in art as a stable investment asset.”

Baroda-based artist-pedagogue Gulammohammed Sheikh ranked 2nd, whose 2015 canvas Ark Kashmir sold for Rs 21 crore last year (Soure: Wikimedia Commons)

The oldest artist on the list is 98-year-old Krishen Khanna, ranked at number five, whose works cumulatively fetched Rs 18 crore in sales. The youngest is London-based 27-year-old Raghav Babbar, who is ranked eighth with Rs 12 crore cumulative sales.

Ranked at number two is Baroda-based artist-pedagogue Gulammohammed Sheikh, whose 2015 canvas Ark Kashmir sold for Rs 21 crore last year. Number three on the list is Delhi-based Arpita Singh, who also retains her position as the most successful woman artist.

The Chairman, Lalit Kala Akademi, Ministry of Culture, Shri K.K. Chakravarty conferring the fellowship on eminent artist Arpita Singh, at a function, in New Delhi on October 10, 2014. (Source: Wikipedia Commons)

Showing his bronze sculpture Genesis, at the Marinaressa Gardens — coinciding with the Venice Biennale and as part of ‘Personal Structures 2024’, a biennale contemporary art exhibition organised by the European Cultural Centre — Paresh Maity is a new entrant in the top ten, with a turnover of Rs 7.8 crore.

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Comparing the Indian markets to the markets world over, Junaid noted, “The performance of the Indian art market in 2023 was remarkable in several ways, particularly for its exceptionally high sold-through rate of over 95 percent, significantly surpassing the global average of 62 percent (including China).

With fewer than 2,200 lots offered, the market was tight but effectively matched to robust competitive demand. This strategic balance helped position India in seventh place globally in terms of art auction turnover.

According to artprice.com, the $152 million in sales recorded for the year marked an impressive 76 percent increase from 2022, a year that had already set previous records. This is interesting considering the fact that all countries except China in the top five — the others being the US, UK, Germany, and France — registered a decline in revenue from art auction sales.”

Curated For You

Vandana Kalra is an art critic and Deputy Associate Editor with The Indian Express. She has spent more than two decades chronicling arts, culture and everyday life, with modern and contemporary art at the heart of her practice. With a sustained engagement in the arts and a deep understanding of India’s cultural ecosystem, she is regarded as a distinctive and authoritative voice in contemporary art journalism in India. Vandana Kalra's career has unfolded in step with the shifting contours of India’s cultural landscape, from the rise of the Indian art market to the growing prominence of global biennales and fairs. Closely tracking its ebbs and surges, she reports from studios, galleries, museums and exhibition spaces and has covered major Indian and international art fairs, museum exhibitions and biennales, including the Venice Biennale, Kochi-Muziris Biennale, Documenta, Islamic Arts Biennale. She has also been invited to cover landmark moments in modern Indian art, including SH Raza’s exhibition at the Centre Pompidou in Paris and the opening of the MF Husain Museum in Doha, reflecting her long engagement with the legacies of India’s modern masters. Alongside her writing, she applies a keen editorial sensibility, shaping and editing art and cultural coverage into informed, cohesive narratives. Through incisive features, interviews and critical reviews, she brings clarity to complex artistic conversations, foregrounding questions of process, patronage, craft, identity and cultural memory. The Global Art Circuit: She provides extensive coverage of major events like the Kochi-Muziris Biennale, Serendipity Arts Festival, and high-profile international auctions. Artist Spotlights: She writes in-depth features on modern masters (like M.F. Husain) and contemporary performance artists (like Marina Abramović). Art and Labor: A recurring theme in her writing is how art reflects the lives of the marginalized, including migrants, farmers, and labourers. Recent Notable Articles (Late 2025) Her recent portfolio is dominated by the coverage of the 2025 art season in India: 1. Kochi-Muziris Biennale & Serendipity Arts Festival "At Serendipity Arts Festival, a 'Shark Tank' of sorts for art and crafts startups" (Dec 20, 2025): On how a new incubator is helping artisans pitch products to investors. "Artist Birender Yadav's work gives voice to the migrant self" (Dec 17, 2025): A profile of an artist whose decade-long practice focuses on brick kiln workers. "At Kochi-Muziris Biennale, a farmer’s son from Patiala uses his art to draw attention to Delhi’s polluted air" (Dec 16, 2025). "Kochi Biennale showstopper Marina Abramović, a pioneer in performance art" (Dec 7, 2025): An interview with the world-renowned artist on the power of reinvention. 2. M.F. Husain & Modernism "Inside the new MF Husain Museum in Qatar" (Nov 29, 2025): A three-part series on the opening of Lawh Wa Qalam in Doha, exploring how a 2008 sketch became the architectural core of the museum. "Doha opens Lawh Wa Qalam: Celebrating the modernist's global legacy" (Nov 29, 2025). 3. Art Market & Records "Frida Kahlo sets record for the most expensive work by a female artist" (Nov 21, 2025): On Kahlo's canvas The Dream (The Bed) selling for $54.7 million. "All you need to know about Klimt’s canvas that is now the most expensive modern artwork" (Nov 19, 2025). "What’s special about a $12.1 million gold toilet?" (Nov 19, 2025): A quirky look at a flushable 18-karat gold artwork. 4. Art Education & History "Art as play: How process-driven activities are changing the way children learn art in India" (Nov 23, 2025). "A glimpse of Goa's layered history at Serendipity Arts Festival" (Dec 9, 2025): Exploring historical landmarks as venues for contemporary art. Signature Beats Vandana is known for her investigative approach to the art economy, having recently written about "Who funds the Kochi-Muziris Biennale?" (Dec 11, 2025), detailing the role of "Platinum Benefactors." She also explores the spiritual and geometric aspects of art, as seen in her retrospective on artist Akkitham Narayanan and the history of the Cholamandal Artists' Village (Nov 22, 2025). ... Read More


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