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Indian art pieces auctioned for $ 8.8 mn

Indian artists never had it so good. An auction of modern Indian art in London fetches a fabulous $ 8.809 million.
PTI | By H S Rao, London
UPDATED ON MAY 22, 2007 11:57 AM IST

Indian artists never had it so good - an auction of modern and contemporary Indian art here including those by masters like M F Husain, Francis Newton Souza and Tyeb Mehta - has fetched a fabulous $ 8.809 million.

The auction was held by the Christie's last evening and the highest price of £ 720,000 went for Syed Haider Raza's La Terre (1985).

A masterpiece of colour and composition, 85-year-old Raza seamlessly merges his horizontal bands with elegant obliques in what is considered one of the finest examples of painting in his oeuvre.

Premier abstractionist Vasudeo S Gaitonde's untitled piece crafted in 1968 fetched £ 490,000 while Souza's Landscape with Planet, a superb artwork (1962) went under the hammer for £ 311,200.

Husain's untitled masterpiece of 1960 was sold for £ 132,000.

Akbar Padamsee's untitled work of 1978 received the fourth highest price of £ 204,000 followed by £ 156,000 for Jagdish Swaminathan's artwork from the 'Bird, Tree and Mountain series' drawn in 1985.

Mehta's 1961 untitled artwork fetched £ 156,000 while Souza's 1960 masterpiece was sold for £ 132,000. A Landscape drawn by Ram Kumar in 1995 went under the hammer for £ 114,000.

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