Art Market Monitor

Global Coverage ~ Unique Analysis

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

Gund Gaitondes Make $2.77m at Bonhams

September 18, 2014 by Marion Maneker

Courtesy of Bonhams
Gaitonde Untitled 1963

The two Gaitondes previously owned by George Gund made $1.085 and $1.685m each at Bonhams this week:

Hundreds of bidders from all around the world participated in one of the season’s most anticipated auctions. Bonhams’ Indian, Himalayan & Southeast Asian auction on September 17 brought in a total of over $4.7 million in sales.

All eyes were on the phone bank that was buzzing with activity as the bids for the two star lots—the paintings by V.S. Gaitonde—rose higher and higher until finally, Untitled, 1961 sold for $1.085 million and Untitled, 1963 sold for $1.685 million, both to overseas bidders. Untitled, 1961, a darker work of a more dramatic palette of black and indigo represents a transition, as he moved to develop his non-objective series. Untitled, 1963 is an incredible work that marks the beginning of Gaitonde’s classical style.

 

More from Art Market Monitor

  • New York Mid-Season Contemporary = $28.5mNew York Mid-Season Contemporary = $28.5m
  • Blacklisting BuyersBlacklisting Buyers
  • Second Chances for Artists in VeniceSecond Chances for Artists in Venice
  • The Fate of Lehman's ArtThe Fate of Lehman's Art
  • As Annie TurnsAs Annie Turns
  • Phillips Has Three Guaranteed Bradfords for MayPhillips Has Three Guaranteed Bradfords for May

Filed Under: General

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...