[ WEDNESDAY, APRIL 04, 2007 03:55:08 AM] KOLKATA: An Untitled K K Hebbar work has swung the highest price at the ABC (Art, Books and Cinema) series III auction by frontline domestic art auction house Osian’s. The painting has achieved a price of Rs 33.6 lakh. The auction has scaled a total sale value of Rs 7.16 crore. Of this, the art section, which embraced paintings, scaled Rs 6.1 crore.
Together with the Hebbar, Number Five by B Prabha went for Rs 30 lakh, Jamini Roy’s Krishna and Kaliya Rs 29.4 lakh, F N Souza’s Head of a Woman Rs 25.2 lakh and an Untitled work by Gaganendranath Tagore at Rs 24 lakh. In the same breath, S H Raza’s Kashmirscape went for Rs 20.4 lakh, Jamini Roy’s Krishna Series Rs 19.8 lakh, M F Husain’s Durga Series Rs 19.8 lakh, the Fantasy Series by K Ramanujam Rs 18.6 lakh, while a set of two Untitled paintings created by M F Husain were picked up for Rs 18.6 lakh.
The average lot price of the art section was pegged at Rs 10.21 lakh and the total sale was 51%. “This suggests that the new emerging collectors are still in the first stage of the learning curve and their knowledge about certain artists and histories is still raw. Osian’s knowingly included nearly 30-40% of the art lots which will take two to three years to mature. Jamini Roy, K K Hebbar, B Prabha and F N Souza were the top sellers. The sale figures also show a certain consolidation which is much overdue for the market as witnessed in all four auctions in March 2007,” Osian’s chairman Neville Tuli said.
According to him, the strengthening of interest in antiquarian and rare books is the most significant success of the auction. “India may well begin to play a far greater role in the market as so far we have no international share in this vast market despite being the world’s third largest publisher in the English language. The emergence of a serious Indian book market is imminent and over the next five years many Indians will wish to build great libraries and archives,” Tuli said.
A book of Oriental Scenery by Thomas and William Danielle, dating back to 1816, drew a price of Rs 600,000, another by J Graf dated 1832 found a price of Rs 600,000, A R Chughtai’s 1968 edition titled Poet of the East and Chughtai attracted a similar value, Bull & Churton’s 1834 The Orient Annual or Scenes in India Rs 570,000 and Edward Orme’s undated Twenty-four Views of Hindostan raked in Rs 510,000.
Together with the Hebbar, Number Five by B Prabha went for Rs 30 lakh, Jamini Roy’s Krishna and Kaliya Rs 29.4 lakh, F N Souza’s Head of a Woman Rs 25.2 lakh and an Untitled work by Gaganendranath Tagore at Rs 24 lakh. In the same breath, S H Raza’s Kashmirscape went for Rs 20.4 lakh, Jamini Roy’s Krishna Series Rs 19.8 lakh, M F Husain’s Durga Series Rs 19.8 lakh, the Fantasy Series by K Ramanujam Rs 18.6 lakh, while a set of two Untitled paintings created by M F Husain were picked up for Rs 18.6 lakh.
The average lot price of the art section was pegged at Rs 10.21 lakh and the total sale was 51%. “This suggests that the new emerging collectors are still in the first stage of the learning curve and their knowledge about certain artists and histories is still raw. Osian’s knowingly included nearly 30-40% of the art lots which will take two to three years to mature. Jamini Roy, K K Hebbar, B Prabha and F N Souza were the top sellers. The sale figures also show a certain consolidation which is much overdue for the market as witnessed in all four auctions in March 2007,” Osian’s chairman Neville Tuli said.
According to him, the strengthening of interest in antiquarian and rare books is the most significant success of the auction. “India may well begin to play a far greater role in the market as so far we have no international share in this vast market despite being the world’s third largest publisher in the English language. The emergence of a serious Indian book market is imminent and over the next five years many Indians will wish to build great libraries and archives,” Tuli said.
A book of Oriental Scenery by Thomas and William Danielle, dating back to 1816, drew a price of Rs 600,000, another by J Graf dated 1832 found a price of Rs 600,000, A R Chughtai’s 1968 edition titled Poet of the East and Chughtai attracted a similar value, Bull & Churton’s 1834 The Orient Annual or Scenes in India Rs 570,000 and Edward Orme’s undated Twenty-four Views of Hindostan raked in Rs 510,000.
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