Cloth abstractionist Vasudeo S. Gaytonde was sold for a record for Indian modernists $ 3.8 million

VASUDEO GAYTONDE C. Untitled . 1979
Oil on canvas. 152,7 × 101,6
Christie's, Mumbai. 19.12.2013 . Lot 63
Estimate: 1-1,36 million dollars
Result: 3.8 million dollars
Source : christies.com

The first Christie's auction in India ended with the result , doubling the total estimate - $ 15.4 million against 6.8 million preliminary assessment. Of the 83 lots offered for sale with the hammer went 98%. The main share of the catalog were the works of Indian modernists collection of gallery owners and Kyoko Khorshed Gandhi (Kekoo and Khorshed Gandhy): all 50 works from this collection found new owners . As part of the auction set 10 new personal records .

Job "Untitled" (1979) abstractionist Vasudeo S. Gaytonde (Vasudeo S. Gaitonde) was sold for 237 million rupees ( 3.8 million dollars). Per lot arguing about a dozen collectors. Gaytonde called "Indian Rothko ", his works combine elements of Zen Buddhism , calligraphy and Rorschach tests . The result of the "Untitled" - a record price for a work of Indian modern artists , if you count in U.S. dollars. However, if we take as the basis of the result in pounds , then work Gaytonde for 2,299 million pounds ahead of painting " Saurashtra " (1983) Syed Haider Raza (Syed Haider Raza), sold at Christie's London auction in 2010 for 2.4 million pounds (3, 6 million dollars ).

Another top lot of Christie's first auction in India was the picture Tayeb Mehta (Tyeb Mehta), which depicts the battle of goddess Durga with buyvologolovym demon. Work in 1994 sold for 197.8 million rupees ( 3.17 million dollars ).

Prepared by Mary Onuchina , AI

Sources : bloomberg.com , artdaily.com , artinvestment.ru