In 2006, the artist achieved a new high in the auction market with the sale of Untitled (1921), offered in the Historical Series III by Osian's, which concluded on 24 November 2006 at New Delhi, achieving a sale price of ₹16,20,000 ($36,104). This record marked a defining moment in the artist's market history, reflecting both the significance of the artwork and its reception within the broader art world.

In 1999, the artist achieved a new high in the auction market with the sale of Mountain Riverscape With Bears (1928), offered in the Intuitive-Logic - The Next Step: Auctions of Indian Art - Classical, Folk, Tribal, Modern & Contemporary Traditions by HEART, which concluded on 28 November 1999 at New Delhi, achieving a sale price of ₹5,04,000 ($11,613). This record marked a defining moment in the artist's market history, reflecting both the significance of the artwork and its reception within the broader art world.

In 2011, the artist achieved a new high in the auction market with the sale of Sun Rise On The Rocky Mountain (1928), offered in the Creative India Series 1: Bengal by Osian's, which concluded on 15 December 2011 at New Delhi, achieving a sale price of ₹46,80,000 ($86,290). This record marked a defining moment in the artist's market history, reflecting both the significance of the artwork and its reception within the broader art world.

even though he was an academic artist, the Indian themes justified his inclusion in Bharati. The description of his landscapes as a marriage of East and West tacitly appealed to the prognosis of the English newspapers. Gangooly’s paintings betray the influence of Millet’s elegiac mood and the twilight glow of his landscapes… Gangooly won fame for his atmospheric paintings of natural scenery, the spectacular Himalayan mountain ranges and the series on the Ganges in different moods. The works show a sensitive grasp of the drama, the variety of natural light and rich colours of the Indian landscape.

In 2024, the artist achieved a new high in the auction market with the sale of Untitled (Sunrise) (1930), offered in the Masters Legacy by Asta Guru, which concluded on 28 April 2024 at Mumbai, achieving a sale price of ₹2,62,60,084 ($320,244). This record marked a defining moment in the artist's market history, reflecting both the significance of the artwork and its reception within the broader art world.