Contemporary Indian art is certainly the comeback kid if the March auction results at Christies, Sotheby’s and the online auction house Saffronart are any indication. The sales revealed a healthy appetite amongst collectors for buying the best of Indian modern and contemporary art after the slowdown experienced immediately after the economic downturn.
Browsing: Gestation
Recession? What recession?
An untitled painting by M.F. Husain just sold in auction in New York for over a cool million dollars – $1,058,500 to be exact, over five times the estimated price. ‘Gestation’ by H.S. Raza, which was estimated at $600,000 – 800,000, fetched $ 1,202,500. An untitled Manjit Bawa sold for $602,500, double the pre-sale estimate.
Contemporary Indian art is certainly the comeback kid if the auction results at Christies, Sotheby’s and the online auction house Saffronart are any indication.