S.H Raza’s ‘Bhoomi’ Breaks Record For The Most Expensive Painting To Be Sold By AstaGuru At INR 5.3 Crores
Tuesday,
September 9, 2014: AstaGuru successfully concluded its 5th
Modern and Contemporary Art Auction and its 14th overall online
auction yesterday by raising INR 20 crores with some of the biggest artists in
the country go under the hammer. The highlight of the two day sale was the
cover lot titled “Bhoomi” by S.H Raza, which went for a staggering
price of INR 5.3 crores (inclusive of buyers premium), setting a record for the
most expensive painting sold by AstaGuru in an online auction. In this stunning lot, one sees S.H Raza moving away
towards various expressions and modulations of abstract and geometric forms.
The canvas depicts a form of its own, containing all the essential requisites
of line, tone, colour, texture and space. The next highest bid went for M.F
Husain’s artwork titled “AGAR FIRDAUS, BUR RUÉ ZAMEEN AST, HAMÉI
AST, VA HAMÉI AST, VA HAMÉI AST” which he painted for the main entrance
arch leading to the Indian Trade Fair in Caracas in the late 1980’s. It
was estimated at INR 1,50,00,000 – 2,50,00,000 but went for a hammer
price of INR 1,83,67,800 (inclusive of buyers premium).
It wasn’t just AstaGuru breaking records but also
Anjolie Ela Menon who witnessed one of her works achieve the highest hammer
price in any given auction. AstaGuru had displayed Anjolie’s signature
'Jharokha' which was estimated at INR 60,00,000 – 80,00,000, however it
went under the hammer for a whopping record price of INR 88,90,015 (inclusive
of buyers premium).
Approximately 77% of the lots were sold in the auction with 4
lots selling for more than a crore.
AstaGuru Auction House
AstaGuru.com
is one of India’s largest online auctioneers of art, dealing with the
most respected Modern and contemporary artists in India. On its fifth edition
of Modern and Contemporary auction, AstaGuru brings together rare and
exciting artworks from various parts of India for its collectors all
across the globe.
No comments:
Post a Comment