Sotheby\'s India auction fetches over Rs 55 crore

Sotheby's India auction fetches over Rs 55 crore

IANS  |  Mumbai 

inaugural auction in "Boundless India", featuring seminal works by and Amrita Sher-Gil, has achieved a total of Rs 55.40 crore, the auction house said on Friday.

"The top price of the evening was Tyeb Mehta's 'Durga Mahisasura Mardini' which sold for Rs 20.49 crores, reflecting the strong market for the in recent months," it said in a statement.

The auction was held in on Thursday.

Another work by "The Little Girl in Blue" -- only the seventh by the to be offered anywhere in the world -- sold for a record price of Rs 18.69 crore.

"The work had remained in the same collection for 80 years, since it was selected by the artist for her first solo show in 1937."

An untitled 1950s bronze sculpture by Sadanand Bakre achieved a record price for any 20th century Indian sculpture at Rs 1.88 crore, said the statement.

As per of Indian and South Asian Art Yamini Mehta, the sale enabled them to "connect with scores of new and existing clients" and at the same time deepen their understanding of the market. The auction house said it looks forward to planning their "next steps in the region".

"Boundless India" was announced earlier this year by MD Gaurav Bhatia, who is currently facing a "formal inquiry" into sexual harassment allegations against him.

Sotheby's refused to comment further on the issue. Bhatia, according to a previous statement by the auction house, had "agreed to take a leave of absence" following "recent anonymous allegations that surfaced on social media" against him.

--IANS

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First Published: Fri, November 30 2018. 17:30 IST