Historic Price Achieved for Arpita Singh’s "Wish Dream" at Saffronart Auction

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NEW YORK, NY.- Saffronart, the world’s largest online fine-art auction house, concluded its annual Winter Online Art Auction on December 9, 2010 with strong results that highlight the continued demand for important works with notable provenance. With a total of 80% of the 100 lots on offer selling, the auction brought an impressive $7.1 million. As anticipated, the lot illustrated on the catalogue’s front cover, a stunning mural made up of sixteen individual canvas panels by one of India’s most prominent and critically acclaimed women artists – Arpita Singh – titled ‘Wish Dream’, achieved a record price for the artist, fetching an astounding $2.24 million. This is also the highest price achieved by an Indian woman artist at auction globally, and a world record price for an artwork sold at any online auction. Speaking about the record breaking auction, Dinesh Vazirani,