5th June 2007

It's hot this summer, no doubt, but it's about to get hotter with millions worth of Indian art going inder the hammer, reports CNBC-TV18.

So if you're one of those who've been waiting eagerly for some action in the art world this summer, you've got a whole auction coming your way. Saffronart is back doing what they do best and here's what you can look forward to:

Saffronart's back with its Modern Indian Art Auction and the work that's topping the chart is a 1989 painting called 'Kali' by artist Tyeb Mehta. The work is estimated to sell between a whopping Rs 3.5-4.5 crore, which is hardly surprising given that Mehta still happens to be the only Indian artist who's work has gone for a record Rs 7 crore at an earlier auction.

Following close are a couple of Razas, MF Hussain and FN Souza all estimated to sell well above a crore rupees. But if you're looking to go beyond the usual suspects, expert opinion will do no harm.

The total value of the sale is estimated between Rs 35 and 40 crore, but if you want to go beyond the number game, then log on to saffronart.com for more details.

The auction will be held online on June 6 and 7.

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