28 Apr 2008

Indian Art at a Crucial Juncture

Indian art is now poised at a crucial stage and in the near future the results from the upcoming auctions will help in indicating the growth rate of the art market. Dinesh Vazirani, Director of Saffron Art auction house, who was recently in Bangalore for a talk on the Indian modern and contemporary art and how it has grown dramatically in the last few years, also pointed out that the next 12 months or so will determine the course of Indian art in the international arena.

The soon to be held Sotheby’s auction of Indian art comprises of 123 lots by a variety of Indian artists – both modern and contemporary. On May 2, London is expected to be abuzz with the colours of Indian art. The Sotheby’s auction is expected to bring in around 24,00,000 GBP. The auction will feature works by artists such as Jamini Roy, S H Raza, Ramkumar, Shakti Burman, Badri Narayan, Laxma Goud, Krishen Khanna amongst others.

FN Souza’s ‘The Red Road’ has the highest estimated price between 250,000 – 350,000 GBP, followed by Akbar Padamsee’s two works that are estimated between 150,000 – 250,000 GBP each. Incidentally, 11 works by Souza ranging from a lower estimate of 3,000 GBP (for the lowest priced work) onwards will be placed for bidding. Whereas, ‘The Thief of Baghdad’, a diptych painted by MF Husain is estimated to fetch between 100,000 – 150,000 GBP. There are 7 works by Husain too where the lowest priced work begins at a lower estimate of 30,000 GBP.

There are two works by Rabindranath Tagore as well, titled ‘Bird’ (pen and coloured inks on paper) and ‘The Death Scene’ (gouache and coloured inks on paper) which will also be coming up for bidding. Then there are works by Subodh Gupta, Atul Dodiya, Jitish Kallat, T V Santosh, Sudhir Patwardhan, Chintan Upadhay and Shilpa Gupta amongst a bevy of others.

All eyes are now on this auction and the results will be of special significance for collectors and investors of Indian art.

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