The inaugural sale of 83 lots in the financial hub of Mumbai featured paintings from the private collection of one of India's first families of contemporary art as well as pieces from six of the nine Indian artists deemed "national treasures" whose works cannot leave the country. Total sales added up to $16.4 million, more than double the pre-auction estimates.Christie's sees the relatively underdeveloped art market in Asia's third-largest economy as fertile ground for growth as part of its international expansion that has included recent auctions in China and the Middle East.
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