Husain's painting fetches $1.6 mn | business | Hindustan Times
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Husain's painting fetches $1.6 mn

MF Husain's "Battle of Ganga and Jamuna: Mahabharata 12 (Lot 57)", a painting from the Hindu epic executed in 1971-1972, went under the hammer at Christie's for a whopping $1.6 million, setting a world record.

business Updated: Mar 23, 2008 12:20 IST

MF Husain's "Battle of Ganga and Jamuna: Mahabharata 12 (Lot 57)", a painting from the Hindu epic executed in 1971-1972, went under the hammer for a whopping $1.6 million, setting a world record at Christie's Southeast Asia and Contemporary Indian art sale on Thursday.

Estimated at $600,0000-800,000 the work sold to an anonymous bidder for $1.6 million. Husain's monumental work, a large diptych, was made in the apex of his career and is a part of a series of 27 paintings he began for the 11th Sao Paolo Biennial.

The painting depicts a scene of the ancient Hindu epic "Mahabharata", detailing the cosmic civil war between forces of right and wrong.

At second slot was Lot 23, Ram Kumar's figurative work "The Vagabond", a work from 1952. Estimated at $400,000-600,000, it sold for a hefty $1.1 million, setting another world record for the artist.

This rare figurative work, made in 1956, portrays three isolated and forlorn figures, the mood emphasized by the dark and sombre pallet.

Third place belonged to Lot 43 - Tyeb Mehta. His untitled work from 1981 sold for $657,000. The work by the lauded master of Indian modernism was one of the sale highlights and was estimated at $600,000-800,000.

The painting depicts two female figures intermingled, demonstrating Mehta's formal and psychological considerations. The two forms suggest the tangled figures of his later "Mahisasura" series.

Fourth and never to be forgotten was Lot 70 - Francis Newton Souza's untitled work of 1961, estimated at $350,000-500,000, which sold for $385,000. Souza's untitled nude is of spectacular size and a highlight among the dozen paintings by the artist offered in the sale.

Made in the artistic peak of Souza's career, this work demonstrates why he was known as the "master of lines". Souza's paintings reflect his inventive interpretation of the human form, and like Gauguin, possess both a strong sexual aura and a sense of the primitive, the other and the unfamiliar.

Eighty-six-year-old Syed Haider Raza's "Bindu Pancha Tatva" at Lot 10 took the fifth highest slot as it sold for $361,000 from an estimate of $300,000-500,000.

Of great excitement was the new name at slot 6 - of young Santhosh. His work, "Traces of an Ancient Error", 2007, at Lot 27 flew from a humble estimate of $150,000-200,000 and sold for an admirable $337,000.

Santhosh is internationally known as one of the rising stars of the contemporary Indian art scene with several exhibitions to his credit. His works capitalise on the attributes of post-modernism, and often address the subjects of war, catastrophe and modern society.

At seventh position was Rameshwar Broota's "Traces of Man - I", 1995, estimated at $180,000-200,000 which sold for $265,000.

The much touted work by Atul Dodiya that Christie's put on its cover for the catalogue second print run failed to attract the world record attention they sought.

Dodiya's untitled 2004 work, estimated at $120,000-150,000, sold for $217,000. Sources feel that Dodiya's market has reached a saturation point and hence failed to create the high frenzy of bidding. The sources also state that the market is correcting itself in a big way and the bull-run is slowing down.

Out of 125 Lots, 111 sold, putting the sale value at 87 percent of lots sold and fetching $10,974,600.