Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

The Fate of Gupta

April 21, 2010 by Marion Maneker

This week’s London BRIC sale at Phillips de Pury will give some signals about the market for Contemporary Indian art. Scott Reyburn does a little price history on Bloomberg:

Subodh Gupta’s trademark 2006 painting of metal pots and pans, “Idol Thief 1,” leads the Indian works with an estimate of 320,000 pounds to 380,000 pounds. Two similar paintings by Gupta sold at auction for $1.4 million and $1.2 million respectively in 2008, according to the database Artnet.

“The market for contemporary Indian art hasn’t bounced back yet,” said Conor Macklin, director of the London-based Grosvenor Gallery, which specializes in Indian modern and contemporary works. Comparable Gupta paintings of kitchenware were currently selling for as little as $150,000 in India, Macklin said.

$20 Million Sale at Saatchi Gallery Rides China, Russia Booms (Bloomberg)

More from Art Market Monitor

  • Tyeb Record Leads Saffronart’s $11.38m Spring AuctionTyeb Record Leads Saffronart’s $11.38m Spring Auction
  • Saffronart Live Sale = $5.8mSaffronart Live Sale = $5.8m
  • Christie’s NY South Asian Mod + Cont = $5.096mChristie’s NY South Asian Mod + Cont = $5.096m
  • Saffronart Spring Sale = $2.45mSaffronart Spring Sale = $2.45m
  • India’s Art Market Concentrates at the Top Too
  • Saffronart Summer Sale = $3.089m (86% Sold)Saffronart Summer Sale = $3.089m (86% Sold)

Filed Under: Artists Tagged With: Indian Contemporary, Subodh Gupta

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...