Indian artists never had
it so good -- an auction of modern and contemporary Indian art in
London, including those by masters like M F Husain, Francis Newton
Souza and Tyeb Mehta -- has fetched fabulous prices.
The auction was held by Christie's on Monday evening and the highest
price of 720,000 pounds went for Syed Haider Raza's La Terre (1985).
A masterpiece of colour and composition, 85-year-old Raza seamlessly
merges his horizontal bands with elegant obliques in what is
considered one of the finest examples of painting in his oeuvre.
Premier abstractionist Vasudeo S Gaitonde's untitled piece crafted in
1968 fetched 490,000 pounds while Souza's Landscape with Planet, a
superb artwork (1962) went under the hammer for 311,200 pounds.
Husain's untitled masterpiece of 1960 was sold for 132,000 pounds.
Akbar Padamsee's untitled work of 1978 received the fourth highest
price of 204,000 pounds followed by 156,000 pounds for Jagdish
Swaminathan's artwork from the Bird, Tree and Mountain series drawn in
Mehta's 1961 untitled artwork fetched 156,000 pounds while Souza's
1960 masterpiece was sold for 132,000 pounds.
A landscape drawn by Ram Kumar in 1995 went under the hammer for
The auction hall was packed and buzzing with numerous private and
trade clients, including many from India for the sale.
The success of this auction is a testament to Christie's understanding
of the market and the finely curated and great selectivity of the
works offered for sale.
92-year-old Husain graced the auction with his presence as he watched
his own works and works by his progressive contemporaries Gaitonde,
Tyeb Mehta achieve exceptional prices.