Christie’s unveils art works for Sep 15 sale (With Image)
August 13th, 2010 - 11:55 am ICT by IANSNew Delhi, Aug 13 (IANS) Art auction house Christie’s has unveiled seven works by top artists here in a preview of its Sep 15 sale of South Asian modern and contemporary art in New York.
The works were thrown open to select viewers and the media at the Oberoi Hotel in the capital late Thursday evening.
The auction, third in Christie’s series of “highly successful” sale of South Asian art this year, will feature 104 works.
“It is one of our strongest sales this season in terms of value and quality. Unlike last year, when modern masters were in great demand, this year the contemporary artists are back to the market and are holding on their own in prices,” Hugo K. Weihe, international director of Asian art and the international specialist head, Indian and Southeast Asian art, told IANS.
“The art market is still in the process of re-energising itself. We are lucky to have procured some top quality contemporary art works that did not come to the market last year,” he added.
The art works included an “untitled figure drawing of women” by Jamini Ray estimated at $20,000, “La Terre” by Syed Haider Raza estimated at $2,500,00, an “untitled” drawing of a large head by F.N. Souza priced at $1,800,000, an untitled “sitar player” by M.F. Husain estimated at $500,000, “Two Cows” by Subodh Gupta priced at $350,000, “Karuna” by Atul Dodiya priced at $150,000 and “Kalki” by Atul Dodiya estimated at $250,000.
Figures furnished by the auction house said since launching its Indian modern and contemporary art sales in New York in 2000, Christie’s sale of Indian art touched $45 million in 2008. In 2000, it had notched sales worth $656,000.
The Christie’s team in India said its business that had slumped in the last quarter of 2008 had recovered by September 2009. It was booming once more with the markets recouping.
“We are only halfway through 2010, but our business in Indian art has already touched $27 mln,” Weihe said.
In its June 10 sale, the auction house set a world record for S.H. Raza’s work “Saurashtra” that sold for $3,486,965.
“We are expecting new segments of collectors and buyers from India in this sale,” Sonal Singh, a specialist in modern and contemporary art at Christie’s, told IANS.
- Tyeb Mehta work sells for $2.1 mn at Christie's South Asian auction - Jun 12, 2012
- Sliding Chinese art mart gives India price edge - Aug 20, 2012
- Tyeb Mehta, Khoj, Pakistani art to lead Christie's Asian sale (With Image) - May 30, 2012
- Rare Indian, Asian art at Christie's sale (With Images) - Mar 15, 2012
- Art auction market witnessing new generation of buyers (With Images) - Jul 11, 2012
- Asian art seeing a resurgence in global market - Sep 18, 2012
- Tyeb Mehta, Souza lead auction stakes at Christie's - May 26, 2011
- Art, accessory auctions gather pace in India - Aug 18, 2010
- Collection of classical Indian, Asian art creates record - Mar 21, 2012
- Four private Indian art archives from US on sale at Sotheby's - Aug 09, 2012
- Fake modern Indian art market fattens on budget buyers (With Images) - Aug 06, 2012
- Tyeb Mehta's 'falling figure' to lead Christie's fall sale (With Image) - Aug 15, 2012
- Husain, Souza highlights of OSIAN's auction - Jun 18, 2010
- 'Raza masterpiece unsold but art market stable' - Mar 22, 2012
- Souza's archival works yield windfall for Christie's - Jun 10, 2010
Tags: art auction, art market, art sales, auction house, contemporary art works, contemporary artists, indian art, international director, international specialist, kalki, karuna, modern masters, oberoi hotel, seven works, sitar player, south asian art, southeast asian art, subodh gupta, two cows, weihe