Auction house Christie's looks to India
20 December 2013 Last updated at 01:34 GMT
London-based auction house Christie's has marked its entry into India by holding its first ever sale of South Asian art in Mumbai.
Demand for work by Indian artists has been rising steadily around the world over the last few years.
But how many Indians can afford the high prices now paid by serious collectors?
The BBC's Sameer Hashmi reports from Mumbai.