MF Husain's Sita With The Golden Deer being auctioned at Christie's hours after his death.
The auction house held a minute's silence for Husain before starting the sales.
One painting, an untitled oil, went to a telephone bidder from Singapore for £37,250 (Rs 27 lakh).
The second, Sita with the Golden Deer, was the last to be offered on the afternoon, and it went to an anonymous telephone bidder for £70,850 (Rs 52 lakh).
The auction, held at Christie's Kensington Gallery, a stone’s throw from where Husain died, drew a large crowd of mainly Indian collectors.
Being MF Husain