Shanti Dave was born in 1931 in Ahmedabad, Gujarat, India.

In 2006, the artist achieved a new high in the auction market with the sale of Village Scene (1957), offered in the Masterpieces & Museum Quality Series VI: With Rare Drawings and Books on Indian Contemporary Art by Osian's, which concluded on 01 March 2006 at New Delhi, achieving a sale price of ₹25,30,000 ($57,046). 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 2007, the artist achieved a new high in the auction market with the sale of Wedding Cart (1963), offered in the Masterpieces and Museum Quality Series VIII by Osian's, which concluded on 31 January 2007 at Mumbai, achieving a sale price of ₹69,60,000 ($157,573). 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 2026, the artist achieved a new high in the auction market with the sale of Untitled (1971), offered in the Sublime Shadows: South Asian Art from a Distinguished Collection by Christie's, which concluded on 11 June2026 at New York, achieving a sale price of ₹3,25,24,471.4 ($339,785.85). 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 2004, the artist achieved a new high in the auction market with the sale of Untitled (1974), offered in the Masterpieces & Museum Quality III: Indian Contemporary Paintings with Rare Books and Vintage Film Memorabilia by Osian's, which concluded on 26 March 2004 at Mumbai, achieving a sale price of ₹18,40,000 ($41,136). 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 2013, the artist achieved a new high in the auction market with the sale of Untitled (1974), offered in the The Osianama Series: Antq, Arts, Cine, Phto, Prnt by Osian's, which concluded on 09 February 2013 at New Delhi, achieving a sale price of ₹1,14,00,000 ($212,372). 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.

With faith in this axiom and an awareness of the environments within our traditions, continuously analyzing human vibrations, I endeavour to portray this manifold reality in fact only illusions through space, colour, calligraphic forms and surface texture, hoping to capture the feeling of those potent latent energies. I could only strive towards this end. After all, I am merely a human being, not a God, and, therefore, not above mistakes. My artistic pursuit is my only religion.

In 2013, an artwork by Shanti Dave was featured on the cover of Osians: The Osianama Series (February 2013, London), marking a documented highlight in the artist's public and auction market visibility.