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Indian artist's work fetches Rs. 5.75 cr at Christie's

Dated: 23-05-2007
Source: Mumbai Mirror
Writer/Contributed by: IANS


Indian artist's work fetches Rs. 5.75 cr at Christie's
Syed Haider Raza's La Terre tops the auction at Christie's Modern and Contemporary Indian Art Auction in London

Famed artist Syed Haider Raza's 1985 work La Terre trumped the Christie's Modern and Contemporary Indian Art Auction here, fetching  £720,000 (Rs. 5.75 crore).
This work of art at Lot 7 was estimated at £400,000-600,000 (Rs. 3.19 crore to 4.79 crore). Out of the 105 lots offered, 85 sold at the auction on Monday evening. In terms of value, the sale mopped up £4.47 million (Rs. 32.36 crore).
The catalogue cover Lot 21, Vasudev Gaitonde's untitled work of 1968, a sage green composition in the abstracted idiom saw a realisation of £490,400 (Rs. 3.92 crore) from an estimate of £450,000 to 550,000 (Rs. 3.59 crore to 4.39 crore).
Gaitonde's second highest place was followed by Francis Newton Souza whose Lot 9, Landscape with planet went for £311,200 (Rs. 2.48 crore) with its estimate at £200,000 to 300,000 (Rs. 1.59 crore to Rs. 2.39 crore).
In a rare twin combine, Lot 29 and Lot 33 achieved the same price - £156,000 (Rs. 1.24 crore). Lot 29 was Jagdish Swaminathan's Untitled (from the Bird, Tree and Mountain Series), created in 1985. Lot 33 was Tyeb Mehta's 1961 Untitled nude that got £156,000 (Rs. 1.24 crore). Tyeb's early works are not as powerful as his later Kali or Mahishasura series.

Husain's Art Gets Rs. 1 Cr
M.F. Husain, 92, flew from Dubai to London to watch the sale. Somewhat satisfied to get a lower place on auction sales, his 1960 work untitled circa at Lot 25 went for £132,000 (Rs. 1.05 crore).
The first world record at an auction was set for India's Duchamp Subodh Gupta whose Lot 106, an untitled 2005 work, went for £108,000 (Rs. 86 Lakh). Young contemporary artists Subodh Gupta, Justin Ponmany and Talha Rathore also achieved record prices in the sale.
Christie's now looks forward to its Asian Contemporary Art sale in Hong Kong on May 27 and the Modern and Contemporary Indian Art sale in September in New York.



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