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Strength in Numbers

VASUDEO S. GAITONDE, Untitled, 1971, Oil on canvas, 114.3 x 75.9 cm. 

Courtesy Christie’s Images Ltd., 2014.

Midway through 2014, the auction market remained (seemingly) invincible. After sales in New York in May broke records, the momentum continued in London, where Sotheby's and Christie's held evening sales of postwar and contemporary art in June and July respectively. There, the two houses brought in a combined total of USD 319.5 million, an impressive 39 percent increase from the same events last year. Despite the back-to-back-to-back-to-back auctions and art fairs during the…

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