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New
York, April 2004 – Last month we wrote about the upcoming
summer auctions in New York as the two art auction giants and
arch rivals Sotheby’s & Christie’s took off with
Indian Art. Sotheby’s held their Indian Art auction on March
24th while Christie’s a day after.
The
very fact that the Art giants were pitching for Indian Art augured
well for India’s art future. But, no one expected such great
outcomes. The net result – staggering, stunning, stupendous
– take your pick of the word to describe it.
In
our news article last month we had given details of the paintings
being offered and some of the expected prices. Now lets give you
a little view of the final outcomes.
Mystic
Repast – A 1953 Souza took the cake with an astounding $153,600
(About Rupees 70 Lacs) – Perhaps one of the highest for Indian
art ever far exceeding our prediction of $100,000.
Some
of the other highlights – Husain’s Mother Teresa for
almost $80,000, A Ram Kumar Abstract $30,000, Bendre’s Gossip
for more than $35,000, Husain’s Maya & Hanuman for $24,000,
Ganesh Pyne’s White Hand for $20,400, a Paniker went for
$20,000, a Padamsee also for about the same amount.
At
the end of the day about a total of more than 35 paintings went
under the hammer and fetched a total of $700,000 (About Rupees
3 crores and 15 lacs)
India
Shining in New York!!!
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