AstaGuru’s collectors choice auction featuring works by leading modernists concludes exceptional result

The AstaGuru’s Modern Indian Art: Collectors Choice Auction concluded with an impressive result. The auction generated a total sales value of Rs 28,99,87,021 ($ 4,027,510). With an extensive collection of 160 artworks by celebrated artists spanning the gamut of Indian modernism, a substantial number of lots witnessed enthused bidding. Sneha Gautam, VP – client relations, […]

The AstaGuru’s Modern Indian Art: Collectors Choice Auction concluded with an impressive result. The auction generated a total sales value of Rs 28,99,87,021 ($ 4,027,510). With an extensive collection of 160 artworks by celebrated artists spanning the gamut of Indian modernism, a substantial number of lots witnessed enthused bidding.

Sneha Gautam, VP – client relations, AstaGuru, said, “Our upcoming Modern Indian Art: Main Sale in December will showcase some of the most valuable and sought-after works by the moderns.”

The highest selling lot of the sale is by S H Raza and titled Bindu. Executed in 1982, the work is composed in the artist’s signature style that has become highly synonymous with modern Indian art. Raza’s works from his Bindu series continue to remain some of the most sought-after works in the modern Indian landscape, with the current lot selling at Rs 1,58,33,674.

M F Husain’s exemplary work titled ‘Family,’ lot 148, featured in the auction and achieved an impressive winning bid of Rs 1,31,31,146. This remarkable work, acrylic on canvas that achieved the second highest price in the sale, features a larger-than-life portrait of a family by Husain. What makes this artwork extremely rare, is the fact that the artist has included himself in the composition.

Significant lots

‘The Gardener’ by artist Ganesh Pyne – Rs 64,00,900
‘Growing Unrest’ by modernist FN Souza – Rs 50,93,237
Bronze work by artist Somnath Hore – Rs 38,68,307
‘Ramp’ by KS Radhakrishnan – Rs 29,69,921

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