Anish Kapoor tops 2020 Hurun India Art List; his artworks' auction valuation worth Rs 44.39 cr
At the second place in the list of top 50 living artists is the Delhi-based painter Rameshwar Broota.
By PTI | Updated:
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Anish Kapoor had topped the first Hurun India Art List 2019 as well, but his sales value in 2020 plunged 72% from the previous edition.
MUMBAI: With the last auctions valuing his works at Rs 44.39 crore in 2019, London-based Anish Kapoor topped the Hurun India Art List 2020 for the second year in a row.
Significantly, total sales of the Hurun India Art List plunged 63.4 percent to Rs 108.71 crore in 2020 over the past year, and so was the decline in total lots sold - at 444, which was lower by 161, led by Krishen Khanna with 41 lots.
At the second place in the list of top 50 living artists is the 76-year-old New Delhi-based painter Rameshwar Broota, jumping nine notches at Rs 11.89 crore and the third richest is 95-year-old modernist painter Krishen Khanna at Rs 6.87 crore.
The 66-year-old NRI Kapoor had topped the first Hurun India Art List 2019, but his sales value in 2020 plunged 72 per cent from the previous edition.
(L-R) Atul Dodiya, Rameshwar Broota and Jitish Kallat all saw their sales rise fastest this year. The second list has more surprises, with Mumbai-based artists Atul Dodiya, 61, and 45-year-old Jitish Kallat breaking into the top-10 for the first time.
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Of the total, 22 per cent are women artists, led by modernist painter Arpita Singh. Dodiya, Broota and Kallat all saw their sales rise fastest this year.
SH Raza and Francis Newton Souza, the co-founders of the Progressive Artists' Group of Bombay, were the highest-selling deceased Indian artists with sales of Rs 102.8 crore and Rs 90.6 crores last year.
Bhupen Khakhar's 'Two Men in Benares' was the highest-selling individual artwork of a deceased Indian artist, selling for Rs 22.39 crore.
The works of contemporary sculptor Kapoor had the highest value of Rs 44.39 crore, while the modernist painter Khanna got highest sale of lots of 41 in auction houses. Of the total, 22% are women artists, led by modernist painter Arpita Singh.
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Modernist painter Arpita Singh continues to remain the most successful Indian female artist with cumulative value of Rs 5.09 crore. The youngest in the list is the 39-year-old contemporary artist Valay Shende.
Of the top 50 artists, 17 per cent live outside the country. New Delhi continues to remain the art capital of the nation with 19 artists in the list, followed by Mumbai with 12. Kerala tops the list with nine of the top 50 artists being born there, followed by Maharashtra (eight) and West Bengal (six).
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Anas Rahman Junaid, managing director of Hurun India, blamed the raging COVID-19 pandemic and the demonetisation of 2016 for the poor art demand, even though the country has nearly doubled the number of millionaires since the note-ban.
Contemporary artist Jagannath Panda had sold 11 artworks valuing INR 0.94 Crore in total.@Jaganna83714648#art… https://t.co/akryUH0qs6
According to him, the domestic art auction market represents only 0.4 per cent of the global art auction market, behind the US, China and Britain with 35 per cent, 31 per cent and 15 per cent respectively of the USD 13.3 billion market pie.
Hurun Global Chairman Rupert Hoogewerf said Indian art is highly undervalued, as the most expensive work of Indian art sold at a public auction were the paintings of Francis Newton Souza and V S Gaitonde for a paltry USD 4 million each.
As against this, Leonardo da Vinci's Salvator Mundi was sold for USD 450 million, Pablo Picasso's Les Femmes d'Alger ('Version O') fetched USD 179 million and Amedeo Modigliani's sculpture Nu Couche was sold for USD 170 million.
Porsche, Sabyasachi Ensemble, MF Husian Artwork: Everything That Went Under the Hammer For Corona-Relief
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Last month, cricketers Virat Kohli and AB de Villiers offered to auction off their signed jerseys from a 2016 IPL match to help raise funds for Covid-19 relief. But they’re not the only ones pitching in to help.
A number of brands and celebrities have come forward recently to help raise funds for Covid-19 relief through a variety of auctions. Here are a few:
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Funds raised: $1,000,000
Porsche auctioned its last-ever 991 generation 911 Speedster for a cool $550,000 to help raise funds for the United Way Worldwide’s COVID-19 Community Response and Recovery Fund.
The 502-horsepower car (one of 1,948 Speedsters made to commemorate Porsche’s 70th anniversary) was part of a special package that included a heritage design chronograph, a book that highlights the completion of the last 991 and a behind-the-scenes tour of the Porsche AG Weissach development headquarters.
Porsche Cars North America Inc. (PCNA) matched the winning bid to raise the total proceeds to $1 million.
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Funds raised: Rs. 6,15,000
Over the last few weeks, couture designers Manish Malhotra, Sabyasachi, Tarun Tahiliani and Rahul Mishra came together to raise funds for the FDCI Covid-19 Support Fund which offers financial assistance to small businesses and young designers in need. From organza saris to 3-D embroidered lehengas, each designer offered one masterpiece from their collection for the ‘Fraternity Talks’ auction which raised Rs. 6,15,000 in total.
The first item to be auctioned was one of designer Manish Malhotra’s most popular sequinned saris which sold for Rs. 300,000.
Funds raised: Rs. 6,15,000Over the last few weeks, couture designers Manish Malhotra, Sabyasachi, Tarun Tahiliani and Rahul Mishra came together to raise funds for the FDCI Covid-19 Support Fund whic..
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Funds raised: $272,125
Famed artist Andy Warhol is said to have produced nearly 130,000 images, only 17 percent of which had been printed at the time of death in 1987. Auction house Christie’s recently auctioned off 60 unique photographs taken by Warhol to raise funds for emergency relief to artists throughout the US.
In collaboration with Warhol’s foundation for visual arts, the online-only sale raised a whopping $272,125, with 88% sold by lot and 142% by value. The top lots were Andy Warhol’s Self-Portrait which sold for $37,500; Flowers, which realized $16,250; Andy Warhol and Henry Geldzahler, which realized $15,000; Montauk Beach which achieved $10,000; and Archie, which sold for $9,375.
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Funds raised: $450,000
Earlier this month, auction house Sotheby’s and Google teamed up for a virtual auction to benefit the International Rescue Committee’s work to fight COVID-19 in vulnerable communities. Among the lots offered was the chance to have coffee with Hillary Clinton, record a song with Grammy-winning artist Sting, attend a Shakespearean acting lesson conducted by actor Sir Patrick Stewart, and a private video call with Apollo 9 astronaut Russell Schweikart.
Held between May 1 and May 8, the MayDay charity auction raised $450,000 for the international rescue committee with a private recording session with Grammy award-winning musician Sting, selling for $137,500.
Funds raised: $450,000Earlier this month, auction house Sotheby’s and Google teamed up for a virtual auction to benefit the International Rescue Committee’s work to fight COVID-19 in vulnerable commu..
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Funds raised:Rs. 1 crore
Last month, DAG (formerly Delhi Art Gallery) sold 51 works from its iconic modern art collection to help raise funds for Covid-19 relief efforts. The curated collection included artworks by masters like Nandlal Bose, MF Husain, Krishen Khanna, Jamini Roy and Krishna Reddy, among others. Among the 51 works — all owned by the gallery — were oils, acrylics on canvas, serigraphs, works on paper and board, as well as a photograph and a sculpture.
The works, which ranged between Rs 50,000 and Rs 500,000, were all priced about 25-35% lower to encourage more people to buy them. In total, 32 buyers picked up the works, raising Rs. 1 crore in the process. The amount will be sent to either the PM CARES fund or the Chief Minister’s relief fund, depending on the buyer’s discretion.
Funds raised: Rs. 1 croreLast month, DAG (formerly Delhi Art Gallery) sold 51 works from its iconic modern art collection to help raise funds for Covid-19 relief efforts. The curated collection incl..
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Funds raised:$150,000
Last month, Slipknot’s lead vocalist Corey Taylor announced he would be auctioning thirteen guitars from his personal collection to raise money for Direct Relief to help provide PPE and essentials to healthcare workers. The thirteen guitars featured a mix of electric, bass and acoustic guitars, all signed by the musician.
The auction went on for two weeks and had almost 800 bids, with Taylor raising $75,000 and eBay matching the donations.
Funds raised: $150,000Last month, Slipknot’s lead vocalist Corey Taylor announced he would be auctioning thirteen guitars from his personal collection to raise money for Direct Relief to help provide..
