Art auction fails to live upto expectations
Works of master artists failed to evoke interest among art lovers as 140 pieces went under hammer in the much hyped 'Modern and Contemporary Indian Art' auction here. F N Souza, Jagdish Swaminathan, Ramkumar and Anjali Ela Menon failed find any bu...
By PTI |
NEW DELHI: Works of master artists failed to evoke interest among art lovers as 140 pieces went under hammer in the much hyped 'Modern and Contemporary Indian Art' auction here. F N Souza, Jagdish Swaminathan, Ramkumar and Anjali Ela Menon failed find any buyers for their works while M F Hussain, Syed Haidar Raza, Bimal Dasgupta and Abdur Rahman Chughtai were lucky enough at the last night auction here.
At the auction managed by celebrity auctioneer Tim Wonnacott from Britain, Raza's 'Germination' set the record of the night fetching Rs 75 lakh. Hussain's painting 'Gandhi' was sold for Rs 60 lakh and Chughtai's two works fetched Rs 25 lakh each.
"The auction went pretty well. It was a success, though some of the paintings did not sell the way we would have liked it," Hariram Shastri, organiser of the event, said.
Swaminathan's 'Bird and Mountain Series' did not sell though the bidding went as high as Rs two crores. "The paintings of Swaminathan, Ramkumar and Souza were expected to be sold at highest prices. But the sellers wanted a higher price than the maximum bid. Hence, these were not sold," Shastri said.
"The show was good, but bid was pretty slow. It could have been better. It was not as exciting as it should have been," said Ashish Anand, owner of an Art Gallery. He was one of the most enthusiastic buyers who bought around 10 artworks.
Pioneering artist Nandalal Bose's 'Shiva Drinking World's Poison' fetched Rs 26 lakh. Jamini Roy and Gaganendranath Tagore also found buyers for their.
"Books like 'Abanindranath Tagore and the Art of his times,' went for Rs 22,000, Rabindranath Tagore's 'The Golden Book of Tagore,' Rs 38,000 and 'Lalit Kala Contemporary Issue Numbers 1-28' sold at Rs 55,000,"
At the auction managed by celebrity auctioneer Tim Wonnacott from Britain, Raza's 'Germination' set the record of the night fetching Rs 75 lakh. Hussain's painting 'Gandhi' was sold for Rs 60 lakh and Chughtai's two works fetched Rs 25 lakh each.
"The auction went pretty well. It was a success, though some of the paintings did not sell the way we would have liked it," Hariram Shastri, organiser of the event, said.
Swaminathan's 'Bird and Mountain Series' did not sell though the bidding went as high as Rs two crores. "The paintings of Swaminathan, Ramkumar and Souza were expected to be sold at highest prices. But the sellers wanted a higher price than the maximum bid. Hence, these were not sold," Shastri said.
"The show was good, but bid was pretty slow. It could have been better. It was not as exciting as it should have been," said Ashish Anand, owner of an Art Gallery. He was one of the most enthusiastic buyers who bought around 10 artworks.
Pioneering artist Nandalal Bose's 'Shiva Drinking World's Poison' fetched Rs 26 lakh. Jamini Roy and Gaganendranath Tagore also found buyers for their.
"Books like 'Abanindranath Tagore and the Art of his times,' went for Rs 22,000, Rabindranath Tagore's 'The Golden Book of Tagore,' Rs 38,000 and 'Lalit Kala Contemporary Issue Numbers 1-28' sold at Rs 55,000,"
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
