By Uma Nair, Indo-Asian News Service (full article)
Mumbai, Dec 8 (IANS) The Saffronart winter online auction of modern Indian art, which featured 160 canvases by 43 Indian artists, earned a total of Rs.68.6 million ($15.3 million), Syed Haider Raza's 'Climat' fetching $1.4 million.
The auction, which took place exclusively on Saffronart online Dec 6-7, had 160 lots. Of the 147 works sold, 127 earned above their higher estimates. This auction was the 15th in the series by Saffronart and its structure and time span allowed serious collectors as well as first-time buyers worldwide to place their bids over a period of two days, as opposed to a period of a few hours in a live auction.
Paris-based Raza's 'Climat', a vermilion-toned geometrically poignant work done in 1974, was Lot 84. This acrylic on canvas was estimated at $813,960-1.04 million and went for an astounding $1.4 million, making it a new record for Raza as well as Indian modern art.
Another record was Tyeb Mehta's Lot 16, a brilliantly evocative untitled acrylic on canvas in shades of moss green and mahogany - a metaphor for the rickshaw puller of Shantiniketan.
This work with its iconic gravity and its cosmic echo set bidders across the globe in a frenzy. Estimated between $697,680-930,240, the work went for a hefty $1.10 million.
The inimitable F.N. Souza was well attended in this auction with a number of works. Among his best was Lot 145 'Elongated Head with Nails and Arrows' which went for $492,317.
Of great interest were a number of works by the new artist Jogen Chowdhury. An impassioned work of a seated woman in a flowered sari was an untitled work done in 1988. The oil on canvas estimated at $75,000-85,000 and went for $123,750.







