Art Investment

The first auction of Western art in India has earned three times less than the estimate

The sale, which exhibited the work of Dali, Picasso, Vlaminck, Henry Moore and Van Gogh, brought $ 1.2 million
VINSENT
Vincent Van Gogh
road with two strolling
Source: bloomberg.com

first auction of Western European art was held last week in India, according to Bloomberg. He brought the auction house Saffronart 1,2 million dollars - far less than expected: less than half of buyers have found lots (44%, 41 works of 73), and Van Gogh's painting, which was expected from a good result, it has been sold cheaper estimate.

It was assumed that auction, which featured short works by Pablo Picasso (Pablo Picasso), Henri Matisse (Henri Matisse), Salvador Dali (Salvador Dali) and other distinguished authors bring 3,3-4,2 million dollars, but earned amounted to only 36%of the lower estimate.

work of Van Gogh, "Road to two strolling", an early landscape painter, was sold for 697,000 dollars, while his estimate was 0, 1.8 million. Van Gogh painted this landscape in 1885 in the village Nenen, which was then living.

a bad show three works of Dali: the prices of two of them even exceeded its upper estimate . Results presented at the auction drawing, sculpture, lithography, Daly earned 65,880 dollars. sold five works of Picasso, the auction house brought 74,160 dollars. Total bid was presented 12 works of the Spaniard.

Against the background of a cautious reception of European modernists in India is interesting to recall that the work of Indian artists in the past year on the European and Indian auctions flew like hotcakes. Works Tayeb Mehta (Tyeb Mehta), Jehangir Sabavaly (Jehangir Sabavala) and Syed Haider Raza (Syed Haider Raza) Last September the auction Saffronart, Sotheby's and Christie's sold exceeding the estimate, and in just two trading weeks buyers have paid for Indian art $ 14 million.

Prepared by Mary Estrova, AI

Source: artinvestment.ru


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