MUMBAI.- Saffronart, the world’s largest online fine-art auction house, concluded its Summer Online Auction on June 17th, 2010 with impressive results, including a world-record price in auction for Jehangir Sabavala. With 81% of the lots on offer selling, the auction achieved a remarkable total of Rs 30 crores (USD 6.7 million), re-confirming the upward trajectory in the Indian art market. Within the first day of the two-day auction of Modern and Contemporary Indian art, several of the lots crossed their high estimates. The competition got stronger as the auction drew to a close and lively bidding continued till the final moments of the sale, with 53% of lots sold sailing past their high estimates. A world record in auction was set for a Jehangir Sabavala work titled “The Casuarina Line I” which sold for Rs 1.7 crores (USD 374,900). Other significant sales included S.H. Raza’s “La Provence Noire&#148