In London, Tyeb Mehta’s Was Sold For A Record £2.74m ($ 3.5m)

The Telegraph’s Colin Gleadell identifies the buyer of Tyeb Mehta’s record-setting £2.74m ($3.5m) work—surpassing the previous record of £1.9m ($3.2m) set five years ago—sold last week in London:
The buyer was the Kiran Nadar Museum of Art in New Delhi.
The Museum is backed by Kiran Nadar, the wife of a techno-billionaire, and India’s leading collector of modern and contemporary art. It also bought an early, pop-art inspired painting by Bhupen Khakhar, the subject of a major Tate exhibition last year. Khakhar’s market took off in the lead-up to the Tate show and seems now to have settled as this 1965 work sold within estimate for £161,000.