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MF Husain painting auctioned for ₹18.5cr – india news

Mumbai: An paintings by the late Maqbool Fida Husain titled Voices offered for Rs 18.47 crore at an internet public sale on Sunday setting a report for as the very best value ever fetched by any of the artist’s works in a public area sale.

The oil-on-canvas (18 ft 10 inches) made in 1958, which was a part of a personal assortment until now, went below the hammer for the primary time at a two-day AstaGuru public sale of 36 a lot of the artist’s works, which included toys, jewelry and tapestry designed and co-created by Husain. It was purchased by an nameless purchaser.

Voices broke the artist’s present sale report set by his Battle of Ganga and Jamuna: Mahabharata 12, which fetched Rs 13.44 crore at Saffronart’s March 2020 public sale of things seized from the fugitive Indian businessman Nirav Modi’s property.

The artist made Voices shortly after the Progressive Artists’ Group which he had co-based with different Indian modernist artists, together with FN Souza, SH Raza, KH Ara amongst others, had disbanded and Husain was starting to realize international fame.

The costs quoted are inclusive of purchaser’s premium, a proportion charged by the auctioneer on the profitable bid quantity.

MF Husain, one in every of India’s main Modern artists, died in 2011.

“Contrary to expectation, there has been a spate of enthusiastic bidding at auctions recorded post-March,” mentioned Arvind Vijaymohan, CEO of the artwork analysis agency Artery India. “This could be on account of euphoric buying to ease the Covid-induced locked-in gloom, or more likely new capital entering the market and being deployed.”

According to the Artery India Price Databank, the public sale additionally set the report for the most costly work on paper by the artist — a 1956 ink-on-paper titled Between the Spider and the Lamp, a uncommon preparatory sketch for one in every of his most properly-identified works, offered for Rs 83.4 lakh.

The highest promoting work of Indian trendy artwork is an untitled painting by VS Gaitonde, which fetched Rs 29.3 crore at a Christie’s public sale held in Mumbai in 2015. The second-highest sale recorded is Raza’s Tapovan, which fetched Rs 29.03 crore at one other Christie’s public sale held in New York, in 2018.

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