SAFFRONART IN THE NEWS


03rd Mar 2005

Husain work sells for Rs 76 lakh at auction M.F. Husain The art market hit new highs at the Saffronart Spring Online Auction which concluded on Wednesday. M F Husain's vintage 1967 oil on canvas Lady With A Lamp sold for Rs 76 lakh'the highest price that a Husain has sold for in an auction so far. This time Husain had company'four other artists also sold for record prices. Jehangir Sabavala's misty and layered Of Tree And Trees, a 1978 work, went for Rs 32 lakh. K G Subramanyan's Odd Encounters, a blue work fraught in tension, sold for Rs 19 lakh. Krishen Khanna's Indianised Last Supper sold for Rs 37 lakh. And, in what Dinesh Vazirani, Saffronart co-owner, calls the biggest surprise of all, Akbar Padamsee's bright red impasto head sold for Rs 43 lakh.

Apart from these record prices, not a single of the 45 lots of the nine contemporary masters went unsold. A Raza paperwork sold for Rs 30 lakh and Emperor (1961) by Souza, who is an auction favourite, went for Rs 46 lakh. Two other Husains, a Saraswati and a horse, sold for Rs 43 lakh and Rs 42 Lakh respectively. The total sales amounted to $2 million. While a substantial number of the 150 bidders were from abroad'the US, Dubai, Japan, Germany Singapore and Hong Kong- there were some serious Indian buyers too.

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