Last evening, Pundole’s Auction House made history by achieving the highest sale total for an auction of Modern Indian Art, breaking multiple records in the process.
World Auction Record for a Modern Indian Painting Renowned artist S.H. Raza’s masterpiece fetched a staggering 51.75 crore (6.27 million USD), establishing a new world auction record for Modern Indian Painting.
World Auction Record for a Modern Indian Sculpture Tyeb Mehta‘s exceptional sculpture fetched an impressive 14.95 crore (1.76 million USD), setting a new world auction record for Modern Indian Sculpture.
World Auction Record for F.N. Souza The auction featured F.N. Souza‘s powerful work titled “Hunger,” which garnered a remarkable 34.5 crore (4.18 million USD), marking a new world auction record for the artist.
Exceptional Prices for Prominent Artists The auction also saw exceptional prices achieved for works by other prominent artists, including:
- Arpita Singh’s artwork sold for a remarkable 12.65 crore (1.5 million USD).
- Somnath Hore’s piece fetched 1.95 crore (237,000 USD).
- Jeram Patel’s artwork was sold for 69 lakh (83,000 USD).
- An early canvas by Tyeb Mehta from 1962 commanded an impressive 11.5 crore (1.39 million USD).
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Courtesy: Pundole’s A Sketchbook from 1961 by the renowned artist F.N. Souza achieved over 5 times its low estimate, selling for 3.68 crore (445,000 USD).
All the prices mentioned above include the auction house’s 15% Buyer’s Premium.
This record-breaking auction showcases the continued strong demand for Modern Indian Art and highlights the enduring appeal and significance of these artists’ works in the global art market. Art enthusiasts and collectors from around the world eagerly participated in this historic event, reaffirming the enduring legacy of these exceptional Indian artists.
Iftikar Ahmed is a New Delhi-based art writer & researcher.
