21 September 2013, 12:28 PM IST
The falling rupee could not dampen Modern and Contemporary Indian art sales at Sotheby's New York. Bhupen Kakkar's seminal oil-on-canvas 'American Survey Officer' flew for Rs 2.54 crore (USD 401,000), after an interesting battle, by six bidders at Sotheby's recent auction here.
The Modern and Contemporary South Asian Art sale fetched Sotheby's a total of USD 3.2 million (USD 3,261,375).
Priyanka Mathew, Vice President, Head of Sales, Modern and Contemporary South Asian Art said in a statement. "We saw strong prices for high calibre works by senior modern artists including Bhupen Khakhar, Maqbool Fida Husain and Francis Newton Souza, reinforcing the quest for quality in the field.Six bidders fought for the cover lot, Bhupen Khakhar's American Survey Officer, which after a prolonged battle, sold for USD 4,001,000, almost double the pre-sale high estimate."
According to the auctioneers, Khakkar's painting which had been estimated to fetch between USD 1,80,000- USD 2,20,000, is representative of a critical moment in the artist's career as he developed a local and idiosyncratic language for Pop Art in India.
Another prized possession was a cubist style Untitled landscape by Francis Newton Souza, which fetched USD 2,21,000. Souza's high however was in June 2008, six years after his death when his work 'Birth' (1955) created a record when it sold for $2.5 million at a Sotheby's auction. Patriarch M.F Husain also fared well at the auction in New York and at least two of his works crushed presale estimates. Husain's untitled "Mother Theresa" sold for $245,000, soaring past the presale estimate of $120,000.
However, Souza's historically significant Sabartes after Picasso; After Pablo Picasso, (estimate USD 100,000- USD 150,000) which once belonged to Harold Kovner, an American collector who was Souza's leading patron between 1956 and 1960, did not find any takers.
An iconic representation by Manjit Bawa of Apu, the mascot for the 1982 Asian Games 1982 estimated to go under the hammer for USD 200,000 to USD 280,000 fetched USD 149,000 and two brilliant works a landscape and a figurative from Ram Kumar's Varanasi series fetched over USD 100,000.
Author and iconoclast A. Ramachandran's 1981 much touted six by twelve foot canvas painting "Kalinga War" sourced from a European private collection and estimated at USD 180,000- USD 200,000 remained unsold.The star of the sale was Bhupen Khakar a mentor to many from the Baroda and Bombay schools of art, and the price his work attained represents an 82.2% increase on its $220,000 high estimate.
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