Are you a lover of contemporary Indian art who always thought collecting art was beyond your means?
Did you think you’d have to mortgage your house – and sell your soul – to obtain an MF Husain?
Were you always intimidated by the art auctions which seemed so elitist and such a closed club?
Well here’s Anu Nanavati Chaddha, Director of Saffronart in New York, to show the path to newbie collectors and to answer all the questions you had about contemporary Indian art – but were afraid to ask.
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Sometimes you buy a piece of contemporary Indian art and get a love story too in the bargain! Cinq Sens (Five Senses) by M. F. Husain is a powerful work originally gifted by the artist many, many years ago to film director Roberto Rossellini and his Bengali wife, Sonali Dasgupta.
It was a love match he helped bring about, for at that time Rossellini was married to the noted actress Ingrid Bergman and Sonali was the wife of a documentary film-maker in Calcutta. The painting is estimated at $500,-700,000 and is being auctioned by Sotheby’s, and here’s the story behind it.UPDATE – IT SOLD FOR $782,500
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.
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.