Market dispatch·London
Sunayani Devi watercolour sells for $37,300 at Sotheby's London, shattering her auction record
An undated Sunayani Devi watercolour sold at Sotheby's London on September 29 for $37,300 (£28,200), more than 4.5 times its low estimate and a 72% rise over her previous record of $21,700 set at Pundole's Mumbai in May 2026.

The market for modern Indian art produced another record on September 29, when an untitled watercolour by Sunayani Devi sold at Sotheby's in London for $37,300 (£28,200) — more than four and a half times its low estimate. The result sets a new auction benchmark for the artist, who continues to draw determined bidding from a still-expanding collector base. HENI reported the sale on September 30 as part of its daily auction-record coverage. The work, executed in watercolour and pencil on paper laid on card and catalogued as undated, had been traded only once before it reappeared in the London saleroom. Its price beat Devi's previous record by $15,600: Mohadev (1925) had made $21,700 at Pundole's in Mumbai on May 14, 2026, so the new figure represents a 72 percent rise achieved in under five months. The speed of the climb is striking. Two auction records for the same artist within five months, both achieved at multiples of their estimates, suggest that demand is still discovering the ceiling for her work. The record table now opens with the September 29 London sale and drops the May Pundole's result to second place — a reordering of an artist's market history accomplished in a single bidding session. For a work on paper of modest scale, a medium that often trails oil painting in market attention, the price is a signal in its own right. As the Sotheby's sale demonstrated, a single competitive contest can redraw an artist's auction history overnight, and Devi's history is being redrawn at a quickening pace — twice reset within 2026 alone.


