Art Auction
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
 "AstaGuru 'Collectors Choice' Modern Indian Art auction completely sold out")
Renoir, Picasso and more up for grabs at AstaGuru's international auction
AstaGuru has focused largely on presenting works by eminent modern and contemporary Indian artists so far
 "Renoir, Picasso and more up for grabs at AstaGuru's international auction")
Christie's beats Covid blues, sees 13% growth on strong Asian demand
Online sales for all categories including watches have also been strong. These timepieces drew as much as $12 million in sales in Dubai
 "Christie's beats Covid blues, sees 13% growth on strong Asian demand")
Gaitonde, Tyeb Mehta, other modern masters return with AstaGuru's auction
Since the onset of the pandemic, the Indian art auction market has stood its ground through the course of the past one year
 "Gaitonde, Tyeb Mehta, other modern masters return with AstaGuru's auction")
New buyers in online sales up 69% from 2019: Christie's India MD
Christie's India Managing Director Sonal Singh tells Veenu Sandhu that the digital progress made during this short period has been a game changer
 "New buyers in online sales up 69% from 2019: Christie's India MD")
Vasudeo S Gaitonde sets a new record in art auction, yet again
Just two weeks after he fetched Rs 32 crore (hammer price) at Pundole's, his Untitled painting drew Rs 35.5 crore at the Saffronart auction on September 17 - setting two records
 "Vasudeo S Gaitonde sets a new record in art auction, yet again")
Original Olympic Games manifesto sells for record $8.8 mn at auction
The 14-page manuscript was written in 1892 by Pierre de Coubertin, a French aristocrat and athletics enthusiast known as the "father" of the modern Olympics
 "Original Olympic Games manifesto sells for record $8.8 mn at auction")
Getting into auction season
Four auctions in the space of just one month makes the eco-system for art consumption appear quite healthy
 "Getting into auction season")
Rare Raja Ravi Verma works may fetch $400,000-$600,000 at Sotheby's auction
The sale will also feature modern masterworks by leading artists including Bikash Bhattacharjee, Ganesh Pyne among over 70 lots that are expected to fetch an estimated total of $4.7-6.6 million
 "Rare Raja Ravi Verma works may fetch $400,000-$600,000 at Sotheby's auction")
