Subodh Gupta joins million-dollar league with Christie’s sale
June 13th, 2008 - 11:21 am ICT by IANSLondon, June 13 (IANS) Artist Subodh Gupta, known as New Delhi’s Damien Hirst, has moved into the record making million dollar bracket alongside Francis Newton Souza and Tyeb Mehta with the sale of his untitled installation of steel pots for $1.2 million at Christie’s sale of Indian contemporary art here. Gupta, Souza and Mehta were the stars of Wednesday’s sale and set new records. Souza’s 1955 work “Birth” was bought for $2.5 million by the sister of Tina Ambani, who runs the Mumbai-based Harmony Art Foundation. Mehta’s untitled painting, part of a dramatic series he has done to mark the miseries of rickshaw pullers, went for $1.9 million, beating his previous record price of $1.6 million at a New York auction in 2005.
Of the 111 lots, Christie’s sold 78. Although some works by Souza, Syed Haider Raza and Maqbool Fida Husain failed to find takers, young artists like Gupta and T.V. Santosh helped Christie’s make a profit.
Gupta is becoming increasingly popular among international buyers. His work at Art Basel, the world’s largest fair of modern and contemporary art that is held in Switzerland, caught the eyes of buyers and collectors last week. His seven metre wide “Triptych” sold for $1 million.
Indian art in general had a higher profile than before at Basel this year. New Delhi dealers Nature Morte sold everything from a set of three sculptures by Gupta for about $1 million to “Enemies’ Enemy 2″, a painting by rising star TV Santosh, bought by British collector Frank Cohen for about $170,000.
Last month, Subodh Gupta’s painting of a man pulling an airport luggage trolley was auctioned by Christie’s for a record price of almost $1.2 million in Hong Kong, which set a new record for India’s younger contemporary artists.
Subodh Gupta now holds two such records at Christie’s and has become the youngest Indian artist to enter the million-dollar fold.
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- Painting by Indian artist sold for a record price at London auction - Jun 12, 2010
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- Arpita Singh sets record as art mart booms again - Dec 11, 2010
- Raza, Husain, Souza top grossers in online art auction - Sep 14, 2010
- Tyeb Mehta's work sets new price record at Christie's - Jun 10, 2011
- Rare Indian, Asian art at Christie's sale (With Images) - Mar 15, 2012
- Market for antiquities still strong in India: Neville Tuli (With Images) - Jan 30, 2012
- Munch's 'The Scream' sold for record $119 million at U.S. art auction - May 03, 2012
- Art, accessory auctions gather pace in India - Aug 18, 2010
- Tyeb Mehta's last work open to viewers - Jan 12, 2011
- Husain fetches Rs.1.45 crore at art auction - Nov 06, 2011
- Asian buyers start appearing on Christie's radar - Nov 16, 2010
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