The third Christie's India auction held on 15 December set a record for the highest selling Indian artwork in modern and contemporary art
Mumbai: The third Christie’s India auction held on 15 December made a total sale of ₹ 97.69 crore, the highest total for any auction of modern and contemporary art and antiquities held in India.
The star of the show was an untitled oil painting by abstract artist Vasudeo S. Gaitonde painted in 1995 fetching ₹ 29.3 crore.
The painting was bought over phone by an international buyer, whose identity was not disclosed.
The price includes buyers’ premium, an additional charge on the hammer price which goes to the auction house.
This sale breaks a record of Gaitonde’s highest-selling work—an untitled piece that was auctioned for ₹ 23.7 crore by Christie’s in 2013.
Other top selling artists at Tuesday’s auction held in Mumbai included Tyeb Mehta, Jehangir Sabavala, M.F. Husain and Nasreen Mohamedi.
The auction house also raised ₹ 36 lakh in a charity auction for the Chennai floods. The proceeds will go to Bhoomika Trust and Blue Cross of India.
UK auction house Christie’s also held their first Indian antiquities sale, which included ancient statues from the 9th and 10th centuries belonging to the collection of noted dancer Yamini Krishnamurthy.
In all, the Christie’s sale totalled ₹ 97.69 crore, the highest total for any auction of modern and contemporary art and antiquities held in India.
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