Celebrated Indian artist VS Gaitonde’s painting sells for $40 million

There’s so much happening in the world of art and we are absolutely clued in to give you the feed. The world of art I believe is more glamorous than the world of fashion cause the obscene amounts of moolah it rakes in can only be a monetary dream for most. Case in point, the recent sale of V S Gaitonde’s untitled 1982 work which was painted during the peak of his career. Its believed that his work has fetched a whopping Rs 26.9 crores ($40 million) at Saffronart’s recent live evening sale on Modern Indian Art, making it one of the top five highest value works ever sold by an Indian artist. The green oil painting representing the artist’s precise, deliberate technique is also one of the top three most expensive works by Gaitonde to be sold in India.

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Also contributing to the impressive total sale value of Rs 54.2 crores, was Bhupen Khakhar’s “Tradesman” (1986), a significant painting that was auctioned for the first time. It achieved the second-highest value, selling at Rs 3.72 crores. Ram Kumar’s “Composition” was another highlight of the sale as the 1958 work sold for Rs 2 crores.

[Via:Heraldpublicist]

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