The Economic Times of India covers the Mumbai sale of Indian art from Osian’s. With only 58% of the works sold, the $4.11m sale was still good for the works that found buyers:
The most expensive sale of the evening was the exceptional 1998 painting ‘Head Studies of Mahishasura’ by Tyeb Mehta, a work charged with visual and symbolist anxiety that generated spirited bidding and finally sold for Rs 4,56,00,000 ($ 1,002,639).
Art enthusiasts looking to invest in quality works of art bid fervently for works by Akbar Padamsee, S.H. Raza and Rameshwar Broota, with each of their works fetching well over a crore of rupees.
The little jewel of a painting , a rare 1884 gouache by Raja Ravi Varma depicting Krishnaraja Wodeyar III’s Coronation and the Himalayan landscape captured by Nicholas Roerich, both National Art Treasures (Non-Exportable ), fetched Rs 72,00,000 and Rs 81,60,000 respectively. Continue Reading