Indian artist Bagta’s painting fetches a record price at Bonhams

It is not the first time that an Indian masterpiece has broken records at an auction. The latest Indian creation to have made headlines and the broken record is a masterpiece by Indian artist Bagta. Sold at Indian, Himalayan & Southeast Asian Art auction held by Bonhams, this artwork stunned one and all when it exceeded six times its high estimate price of $50,000 and fetched a cool $3,203,225 when the hammer went down for the third time.

The previously unrecorded work by the Indian artist and the cover lot of the sale is a portrait of the imposing figure of Rawat Gokal Das celebrating ‘Holi with his consorts. It was consigned by a collector who bought the piece nearly two decades ago for a mere $125. Dated 1808 and measuring 16 x 22 inches, this work is a class apart. The masterpiece sold at the auction is one of the rare representations of the artist’s large-scale creations. Given that it fetched six times its estimated sum, I am sure the bidding battle to acquire this piece must have been an exciting one.

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