For the first time, the $1 million barrier has been breached in the field of contemporary Indian art following Christie’s September 21 sale of Indian and Southeast Asian art. A new world auction record for modern and contemporary Indian art was established when Tyeb Mehta’s “Mahisasura” was bought by a private collector for $1,584,000, against a presale estimate of $600/800,000. The artist was present at the sale. The result quintuples the previous world auction record, which was set at Christie’s New York in 2002 when “Celebration,” a painting by the same artist, achieved $317,500, becoming the first contemporary Indian painting to have ever surpassed the $100,000 price limit. A complete review will appear in a future issue.
27 Sep 2005 / 0 Comment
Antiques and The Arts Weekly is the nation’s leading weekly publication on the antiques and the arts trade, and is available both in print and online.
Each issue average between 100-200 pages and includes reporting on auctions, antiques shows and the arts while providing a platform for both buying and selling.
We have been providing breaking news and important information on the world of antiques and the arts since Publisher R. Scudder Smith started Antiques and The Arts Weekly back in 1963.