Tyeb Mehta tops the charts at Sotheby’s New York auction
Famed auctioneer Sotheby’s has swung total sales of $7.845 million at its auction of South Asian Modern & Contemporary Art in New York. Tyeb Mehta’s Falling Figure with Bird has scaled the highest price of $1,538,500.
By Ashoke Nag, ET Bureau |
KOLKATA: Famed auctioneer Sotheby���s has swung total sales of $7.845 million at its auction of South Asian Modern & Contemporary Art in New York. The sale has achieved 65.1% in terms of lots and 79.7% in value terms. Eighty-two of the 126 lots offered have been sold out. Tyeb Mehta���s Falling Figure with Bird has scaled the highest price of $1,538,500.
At the same time, Subodh Gupta���s One Cow has fetched a price of $866,500. The Tyeb Mehta piece, which was bought for $1,538,500 had seen a presale estimate of $1,000,000-1,500,000. It was acquired by an American private buyer. In the same breath, Subodh Gupta���s $866,500 tag is against a presale value of $600,000-800,000. In third place is FN Souza���s Orange Head with a price of $482,500. The work was valued at $400,000-600,000. An untitled MF Husain sold for $338,500, whereas it was expected to sell in the range of $250,000-350,000.
Hovering in fifth spot, FN Souza���s Christ on Palm Sunday has been picked up for $266,500 compared to an estimate of $220,000-320,000. Figuring in the top ten lots is also an untitled G Ravinder Reddy���s which went for $242,500 crossing the estimate of $$160,000-220,000. In step, SH Raza���s Prakriti found buyers at $242,500 when the estimate was pegged at $200,000-300,000.
Keeping these names company in the next few slots are Krishen Khanna, Ram Kumar, F N Souza and Bikash Bhattacharjee. While an untitled work by Krishen Khanna has sold for $206,500, well beyond its estimate of $100,000-150,000, an unnamed piece by Ram Kumar has been picked up for $194,500 compared to an estimate of $150,000-200,000. Souza���s Death and the Maiden has outstripped its estimate of $100,000-150,000 swinging a price of $182,500.
Bikash Bhattacharjee���s Portuguese School, in tandem, has been purchased by an anonymous buyer for $182,500 against an estimate of $160,000-220,000. In the final spot is Thukral & Tagra���s Metropolis I at a price level of $182,500 just a few notches above the high estimate of $180,000.
���We are very pleased with the results of the sale. It drew a diverse, international group of supporters who contributed to lively bidding in a full saleroom. Both the Modern and Contemporary markets continue to show great vitality. Our top lots in both areas, Tyeb Mehta���s Falling Figure with Bird and Subodh Gupta���s One Cow, have beaten their estimates.
Works of excellent quality and condition, with fine provenance, many coming fresh to the market from private collections, continue to be in demand with collectors from North America, Europe, Asia and the Middle East, who are attracted to Indian and South Asian art,��� Zara Porter-Hill told ET. Ms Porter-Hill is Sotheby���s head of Indian and Southeast Asian department.
At the same time, Subodh Gupta���s One Cow has fetched a price of $866,500. The Tyeb Mehta piece, which was bought for $1,538,500 had seen a presale estimate of $1,000,000-1,500,000. It was acquired by an American private buyer. In the same breath, Subodh Gupta���s $866,500 tag is against a presale value of $600,000-800,000. In third place is FN Souza���s Orange Head with a price of $482,500. The work was valued at $400,000-600,000. An untitled MF Husain sold for $338,500, whereas it was expected to sell in the range of $250,000-350,000.
Hovering in fifth spot, FN Souza���s Christ on Palm Sunday has been picked up for $266,500 compared to an estimate of $220,000-320,000. Figuring in the top ten lots is also an untitled G Ravinder Reddy���s which went for $242,500 crossing the estimate of $$160,000-220,000. In step, SH Raza���s Prakriti found buyers at $242,500 when the estimate was pegged at $200,000-300,000.
Keeping these names company in the next few slots are Krishen Khanna, Ram Kumar, F N Souza and Bikash Bhattacharjee. While an untitled work by Krishen Khanna has sold for $206,500, well beyond its estimate of $100,000-150,000, an unnamed piece by Ram Kumar has been picked up for $194,500 compared to an estimate of $150,000-200,000. Souza���s Death and the Maiden has outstripped its estimate of $100,000-150,000 swinging a price of $182,500.
Bikash Bhattacharjee���s Portuguese School, in tandem, has been purchased by an anonymous buyer for $182,500 against an estimate of $160,000-220,000. In the final spot is Thukral & Tagra���s Metropolis I at a price level of $182,500 just a few notches above the high estimate of $180,000.
���We are very pleased with the results of the sale. It drew a diverse, international group of supporters who contributed to lively bidding in a full saleroom. Both the Modern and Contemporary markets continue to show great vitality. Our top lots in both areas, Tyeb Mehta���s Falling Figure with Bird and Subodh Gupta���s One Cow, have beaten their estimates.
Works of excellent quality and condition, with fine provenance, many coming fresh to the market from private collections, continue to be in demand with collectors from North America, Europe, Asia and the Middle East, who are attracted to Indian and South Asian art,��� Zara Porter-Hill told ET. Ms Porter-Hill is Sotheby���s head of Indian and Southeast Asian department.
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