The large concave stainless steel installation by the world renowned artist Kapoor has been estimated to fetch between Rs 4 to Rs 6 crores (USD 588,240 - USD 882,355) at Saffronart's Evening Sale on February 24.
The live 80-lot auction includes masterpieces by Modern and Contemporary Indian artists including Manjit Bawa, Tyeb Mehta, V S Gaitonde, M F Husain, Bharti Kher, Subodh Gupta and Rameshwar Broota among others.
A preview of the sale was conducted at the India Art Fair last month in New Delhi.
The top lot of the upcoming sale is a 1971 painting by Vasudeo Gaitonde estimated to fetch a price of Rs 6 to Rs 8 crores (US D 882,355-USD 1,176,480), which auctioneers have said is "a great price point for new collectors."
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A rare and important 1966 painting by Tyeb Mehta showing
the development of his emotive figures lost within fields of colours is estimated to fetch Rs 4 crores to Rs 5 crores (USD 588,240 - USD 735,295).
An oil on canvas by Manjit Bawa (1992) features on the cover of the printed catalogue of the auction with the painting estimated to fetch between Rs 2 crore to Rs 3 crore (USD 294,120 - USD 441,180).
There are four other works by Bawa in the auction - three oils on canvas and one ink on paper.
Rameshwar Broota's 2002 oil on canvas work 'Blast in Silence' which exemplifies the fragility of the human condition juxtaposed against a highly technological and industrialised world is estimated to fetch between Rs 2.75 crore to Rs 3.5 crore (USD 404,415 - USD 514,710).
While the catalogue can be viewed on the auction house's website, collectors would be able to place a bid physically at in auction room, on the phone, online, through the MobileApp, or by submitting absentee or proxy bids, and by viewing a live video webcast of the auction on the website and mobile devices.