The online sale on June 19-20 features a total of 70 lots by 34 artists with a total estimate of Rs 15.90 crore (USD 3.1 million) to Rs 20.75 crore (USD 3.9 million).
Among the highlights of the auction are V S Gaitonde's "Untitled" (1971), S H Raza's "Encountre" (1985), Bharti Kher's "indra's net mirror 8" (2010), and Subodh Gupta's "Untitled" (2007).
Works by modern painters M F Husain and Ganesh Pyne as well as contemporary artists Surendran Nair and Jitish Kallat also figure in the crop of works on sale.
Reclusive modern master Gaitonde's untitled work on canvas that he executed in the year 1971 features on the front cover of the this auction catalogue.
Another highlight is S H Raza's "Encountre", painted in 1985, and estimated at Rs 2,00,00,000 - Rs 2,50,00,000 (USD 370,375 - USD 462,965).
In the mid 1980s, Raza began to develop a new and highly concentrated symbolic idiom by uniting his new, holistic experience of nature with a pure, plastic ordering of form. In this painting, the loose gestural brushwork of Raza