V.S. Gaitonde work fetches Rs29.30 crore in Christie’s India auction | Mint
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Business News/ Industry / Media/  V.S. Gaitonde work fetches Rs29.30 crore in Christie’s India auction
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V.S. Gaitonde work fetches Rs29.30 crore in Christie’s India auction

The third Christie's India auction held on 15 December set a record for the highest selling Indian artwork in modern and contemporary art

V.S. Gaitonde’s untitled oil on canvas made in 1995 was bought over phone by an international buyer, whose identity was not disclosed. Premium
V.S. Gaitonde’s untitled oil on canvas made in 1995 was bought over phone by an international buyer, whose identity was not disclosed.

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.

Manjit Bawa’s untitled (Krishna), an oil on canvas painted in the 1990s, sold for Rs2.9 crore to a private collector
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Manjit Bawa’s untitled (Krishna), an oil on canvas painted in the 1990s, sold for Rs2.9 crore to a private collector
The Casuarina Line II painted by Jehangir Sabavala in 2002 sold for Rs4.82 crore to an Asian private collector
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The Casuarina Line II painted by Jehangir Sabavala in 2002 sold for Rs4.82 crore to an Asian private collector
Tyeb Mehta’s untitled (Two Figures) made in 1981, acrylic on canvas, was bought by an Indian private collector for Rs11.94 crore
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Tyeb Mehta’s untitled (Two Figures) made in 1981, acrylic on canvas, was bought by an Indian private collector for Rs11.94 crore

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Published: 16 Dec 2015, 11:18 AM IST
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