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-> Work
by Syed Haider Raza sets new world auction record for Modern Indian
Art
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Work
by Syed Haider Raza sets new world auction
record for Modern Indian Art
10 June 2010
 London
- The two day sale of South Asian Modern
and Contemporary Art Including Property
From The Estate of Francis Newton Souza
realised a total of £12,462,425 and was
98% sold by value and 91% sold by lot. The
top lot was Syed Haider Raza (b. 1922),
Saurashtra, 1983 which fetched £2,393,250
setting a World Auction Record for any Modern
Indian Work of Art and a World Auction Record
for the Artist. This monumental painting
was bought by a Private Indian Museum. The
sale of Property from the Estate of Francis
Newton Souza realised £5,449,025 and was
99% sold by value and 97% by lot. The top
lot was Francis Newton Souza (1924-2002),
Red Curse, 1962 which realised £881,250.
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Yamini Mehta, Head of Sale:“This
sale represents records of every kind. The monumental
work Saurashtra by Syed Haider Raza set a World
Auction Record not only for the artist but for
any modern Indian art in history. We are thrilled
that this work will return to India as a fitting
tribute to the artist and a celebration of art
from this region. Elsewhere in the various owner
section of the sale, 10 June, a carefully selected
array of iconic works by modern and contemporary
masters was met with true enthusiasm and depth
of bidding throughout. Six new Artist World Auction
Record Prices were set, including: Aisha Khalid
(lot 236); Sunil Gawde (lot 239); Naiza Khan (lot
244); Imran Qureshi (lot 249) and Soren Pors &
Aparna Rao (lot 269). We are honoured that Maqbool
Fida Husain attended the auction and pleased that
he saw all works by his hand sell successfully.
Masterworks by Subodh Gupta, Gaitonde and Tyeb
Mehta all roared past their high estimates and
cemented this sale as a benchmark for the season,
the year and beyond.”
Lots Sold Indcluded
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Lot
|
Description
|
Estimate (£)
|
Purchase Price
|
Buyer
|
| 224 |
Syed Haider Raza (b. 1922),
Saurashtra, 1983
World Auction Record For Any Modern Indian
Work of Art
World Auction Record For The Artist |
1,300,000 - 1,800,000 |
£2,393,250
$3,486,965
€2,893,439 |
Private Indian Museum |
| 214 |
Tyeb Mehta (1925-2009), Falling
Bird, 1999 |
400,000 - 600,000 |
£1,049,250
$1,528,757
€1,268,543 |
Private Indian Museum |
| 48 |
Francis Newton Souza (1924-2002),
Red Curse, 1962 |
150,000 - 250,000 |
£881,250
$1,273,406
€1,063,669 |
European Private |
| 237 |
Vasudeo S. Gaitonde (1924-2001), Untitled,
1985 |
200,000 - 300,000 |
£679,650
$990,250
€821,697 |
Anonymous |
| 252 |
Maqbool Fida Husain (b. 1915),
Untitled (Arjuna and Krishna) circa 1980s |
500,000 - 700,000 |
£577,250
$841,053
€697,895 |
U.S. Private |
| 246 |
Subodh Gupta (b. 1964), Chimta,
2003 |
200,000 - 300,000 |
£529,250
$771,117
€639,863 |
European Private |
| 11 |
Francis Newton Souza (1924
- 2002), Christ, 1948 |
50,000 - 80,000 |
£349,250
$504,666
€421,545 |
Anonymous |
| 68 |
Francis Newton Souza (1924
- 2002), Portrait of a Man, 1956 |
40,000 - 60,000 |
£265,250
$383,286
€320,157 |
Anonymous |
| 107 |
Francis Newton Souza (1924
- 2002), Untitled (Lovers), 1961 |
40,000 - 60,000 |
£241,250
$348,606
€291,119 |
Asian Private |
| 114 |
Francis Newton Souza (1924-2002),
White Man Black Woman, 1988 |
40,000 - 60,000 |
£241,250
$348,606
€291,119 |
Asian Private
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