Christie’s auction in Mumbai sold Tyeb Mehta’s painting for Rs. 17.5 cr

Christie’s, one of the world’s largest fine arts and antique selling auction house, held its second auction event in India in Mumbai, recently. The bidding event offered 80 classic artworks including some by the famous abstract painter V S Gaitonde.

Renowned artist Tyeb Mehta’s untitled canvas depicting a falling bull got sold for a whopping Rs 17.5 crore at the second edition of Indian art auction held by the Christie’s in Mumbai. The Mehta canvas, dating back to 1999, for which the Christie’s was expecting a maximum price of Rs 12 crore, got picked up through an online bid from New York. The amount paid for the Mehta work is hammer price and excludes buyer’s premium and applicable taxes. The identity of the buyer was not revealed.Works of several other leading contemporary painters like Subodh Gupta, Anish Kapoor, Rashid Rana and Dayanita Singh was also be offered at the auction. Other works which fetched high price included Francis Newton Souza’s untitled work depicting Indian family which got sold for Rs 7.5 crore, Tyeb Mehta’s oil on canvas ‘Girl in Love’ for Rs 3.6 crore and Syed Haider Raza’s ‘Les Toits de la rue St Jacques’ painted in Paris for Rs 3.8 crore.

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Christie’s second sale in India underlines the every growing demand for the best Indian modern and contemporary art by national and international collectors

[Via – NDTV]

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