The work of iconic modernist painter Tyeb Mehta was recently auctioned for AstaGuru’s ‘Modern Treasures’ auction and emerged as the highest sale at over Rs 25.29 crore.
Mehta’s famous “diagonal series” oil painting on canvas was created in 1973 when the artist became familiar with the motif and its use, making it central to his ideation process . The 6ft tall artwork has been valued between Rs 21-26 crore.
The auction, held on September 25-26, saw works by prominent Indian artists including MV Dhurandhar, Ram Kumar, SH Raza, MF Husain, Akbar Padamsee, Jogen Chowdhury, Ganesh Pyne, KK Hebbar and Badri Narayan. Dhurandhar’s work based on Vyasa’s Mahabharata has been sold for nearly Rs 4.82 crore. The 100-year-old painting depicts one of the most pivotal scenes from the Mahabharata – the Draupadi Vastraharan. “This moment, immortalized in vivid color by Dhurandhar and his expertise in combining Western academic realism with traditional Indian ethos, would become the genesis of the epic battle,” the auction house said in a statement. ‘Landscape With Flowers & Nude (Diptych)’ by Akbar Padamsee was sold at a value of around Rs 5 crore. While the right panel of the diptych depicts a solitary nude woman, a subject that fascinated Padamsee throughout his career, the left panel is a beautiful but desolate landscape that evokes a sense of loneliness.
From the famous British Raj series by MF Husain, a large scale work titled ”Raj”, was acquired at around Rs 4.55 crore. The British Raj series chronicled the visionary artist’s creative genius, his many thoughts and his affinity for representing the personal and the political in his art.
The auction generated a sale value of over Rs 70 crore. Another auction recently organized by AstaGuru, “Present Future”, generated total sales of over Rs 14.61 crore. The ‘Present Future’ auction saw works by contemporary artists such as Anish Kapoor, Bose Krishnamachary, Jagannath Panda, Viraj Naik, Valay Shende and Nataraj Sharma.
”We are extremely proud of the excellent results achieved by both auctions. With these auctions and our carefully curated catalogues, we hoped to explore the metamorphosis of Indian art from the pioneers of modern Indian art to the vibrant contemporary art we see today. ”The results are evidence of the steady growth of the art market, with seasoned collectors hoping to add rare works to their extensive collections and enthusiasts wishing to expand their collections with diverse works from across the art sphere. contemporary,” said Sneha Gautam, Vice President, Client Relations, AstaGuru Auction House.
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