AstaGuru 'Collectors Choice' Modern Indian Art auction completely sold out
Online auction house AstaGuru's recent 'Collectors Choice' Modern Indian art sale achieved a white glove result (a sale where all lots are sold), with around 200 lots selling for a total sales value of Rs 24.12 crore.
An untitled masterpiece by artist J Swaminathan sold for Rs 94.40 lakh, becoming the highest fetcher at the auction which also had on offer different periods of Modern Indian Art, including exceptional creations by revered names such as Nicholas Roerich, Rabindranath Tagore, Jamini Roy, S H Raza, Jehangir Sabavala and Akbar Padamsee.
"The successful sale of these works indicates the potential for Indian art to continue gaining recognition and value. Several of the works in the auction performed phenomenally and sold for prices well above their estimated value.
"This validates the consistently increasing demand for Indian modern art among collectors," said Sunny Chandiramani, senior VP of client relations, AstaGuru.
The second-highest total in the auction was realised