Raza’s ‘La Terre’ fetches $2.5 million at Christie’s

July 1st, 2008 - 11:15 am ICT by IANS  

London, July 1 (IANS) Indian artist Syed Haider Raza’s “La Terre” has fetched a record $2.5 million at Christie’s Post War sale here. The leading highlight “La Terre”, a work done as far back as 1973 by Raza (b.1922), one of India’s leading modern artists, sold for 1,273,250 pounds (over $2.5 million) setting a new record Sunday.

Three works by Subodh Gupta were unable to set any records against the high pressure bidding of international favourites, said a bidder in London who felt that Gupta has been hyped by market conditions.

Gupta’s “Dubai to Calcutta” sold for 313,250 pounds (nearly $622,000), his second work “Curry 2″ sold for 301,250 pounds (nearly $598,000) and his “Idol Thief” fetched 337,250 pounds (over $669,000).

The top lot of the auction was “Three Studies for a Self Portrait” by Francis Bacon (1909-1992), a rare self-portrait triptych that the artist painted while in Paris in 1975, which sold for 17,289,250 pounds (over $34 million).

The second world record went to American artist Jeff Koons whose work is now being viewed at MCA Chicago.

The auction saw a total of nine artist records established, including for Jeff Koons, Antonio Lopez, Gilbert and George and Raza.

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