Art Investment

Christie's will hold its first auction in India

As part of India's first auction Christie's, which will be held in Mumbai on December 19, collectors will offer the works of Indian modern and contemporary Indian artists

at the pre-show of the first open Christie's auction in India
Source : reuters.com

next week , December 19, at Taj hotel building Mahal Palace in Mumbai auction house Christie's will hold its first Indian auction, which will be exhibited works of Indian art - the work of modern and contemporary artists .

History Christie's presence in India has been 20 years (since Ever since the office was opened in Mumbai ), but until recently, the auction house was limited participation in art fairs and exhibitions. Upcoming auction Christie's will for the first time in India .

Among the first 83 lots at Christie's auction in India will feature the work of six of the nine modern artists , whose work as a national cultural heritage of India and, accordingly, their works banned out of the country (ie, in the case of the sale, they would still have to remain in India ) . Among these six artists are Rabindranath Tagore , Abanindranath Tagore, Gaganendranat Tagore, Nandalal Bosch, Jamini Roy and Amrita Sher-Gil .

Christie's decided to hold the first auction in India , guided by that the interest in Indian art is obviously growing and Indian collectors are increasingly actively participate in international auctions Christie's ( the last decade the number of buyers from India at Christie's auction quadrupled ).

of the outstanding private collection for sale exhibited painting dated 1932 Amrita Sher-Gil ( 1913-1941 ) " Untitled ( rural church in Hungary) ", written by the artist during his studies under the direction of Lucien Simon at the Paris National High School of Fine Arts. Estimate of work is 486-650 thousand dollars. In the same year, some of the works Sher-Gil became exhibits Paris Salon , which at that time was a great honor for a young artist - foreigner . Most likely, the picture was painted during one of his trips Sher-Gil in a small Hungarian village on the banks of the Danube , where her mother was born .

Rabindranath Tagore ( 1861-1941 ) , the first writer of Asia, won the Nobel Prize for literature in 1913 , has had an enormous influence on the culture of modern India . Tagore's works are very different from any other works of Indian artist of the time. From painting to painting moving images of fantastic birds and human faces , these same motifs in the work and have no name , which will appear at auction with an estimate of 243-405 thousand dollars .

will be put on sale Abanindranath Tagore's work and dated 1920 , the year watercolor Gaganendranata Tagore "Woman on the stairs " , estimated at 16,2-24,3 thousand dollars .

deserves special attention gouache Jamini Roy (1887 -1972 ) " Untitled ( head of a Woman ) " , estimated at 8-11,3 thousands of dollars .

The sale will also display works from the collection of prominent Mumbai gallerists - four Gandhi , including creation VS Gaytonde Rama Kumar , Sayed Haider Raza , Tayeb Mehta , Maqbool Hussain Feeds and other artists .

Market contemporary Indian artists after the rapid rise in prices during the art boom, then fallen somewhat . Compared to him feel more confident in the market of Indian modernists. It is in their creativity prefer to invest Indian collectors . They are snapping up the work of their compatriots at international auctions . Indian modernism on the rise today .

Prepared by Mary Onuchina , AI

Sources : Press Release Christie's, reuters.com


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