Friday, June 1, 2007

The Economic Times : Christie's Hong Kong canvas takes on Indian hue






ASHOKE NAG

TIMES NEWS NETWORK
[ FRIDAY, JUNE 01, 2007

KOLKATA: As many as 25 Indian and Pakistani paintings, of which 20 were Indian, have picked up $1 million at the Christie’s sale of Asian Contemporary Art in Hong Kong. Atul Dodiya’s Vishal swung the highest value of $4 lakh-plus among the lot.

The Indian and Pakistani painters created 11 world records for themselves. Of these, 10 were pulled off by the Indian painters. Together with these two categories of painters, Chinese, Korean and Japanese participated in the auction, too.

Along with Dodiya, the other contemporary Indian painters who set up world records included Sheba Chhachhi whose Initiations series fetched a sale price of $12,480 against an estimate of $10,300-15,400.

At the same time, TV Santosh’s Hundred Square Feet of Curses sold for $1 lakh-plus compared to an estimate $25,600-32,100. Atul Bhalla’s Piaos drew a buyer at $7,020 when the estimate was placed in the region of $5,800-7,700 while Disconnect from Justin Ponmany attracted a final bid of $59,280 when the valuation was pegged at $35,900-44,900.

The other record levels were attained by Farhad Hussain’s Untitled, which went for $12,480 in comparison to the estimated value of $10,300-15,400; Probir Gupta’s In the Chambers of the Monkey God that was bought out for $62,000 against the estimate of $38,500-51,300 and Thukral and Tagra that were lapped up by for $85,800 as against the estimated value of $44,900-57,700. Records were also set by a Hema Upadhyay Untitled which sold for $29,640 against an estimated $11,500-15,400 and Chintan Upadhyay, who hit a high of $74,880 for his painting sorry does not make any difference II compared to a modest valuation of $19,200-25,600.

In step with the record-setting paintings, the other Indian painters who made their mark here are N Pushpamala who saw four paintings from The Anguished Heart series sell for $11,700, $4,992, $12,480 and $11,700; Bharti Kher whose Untitled saw a price of $18,720; Atul Bhalla who sold for $4,680 and the Target by Ashim Purkayastha which was snapped up at $14,820. Keeping company with these are Chitra Ganesh’s Untitled at $5,460 and Surendran Nair’s Darwaza Kholo $11,700.

In an e-mail to ET from London, Yamini Mehta, director of modern and contemporary Indian art at Christie’s, said: “The sale reaffirms the vibrancy of the Indian contemporary art market with new collectors bidding robustly across the globe, vying for top quality works. Christie’s unique context for including Indian and Pakistani works in the Asian Contemporary Art sale in Hong Kong appeals to the international audience as witnessed by record sales of Atul Dodiya, TV Santosh and Thukral and Tagra.”

Mehta added, “The 11 artist records, including a Pakistani one, achieved in Christie’s Hong Kong sale build on the successful Modern & Contemporary Indian Art sale last week at Christie’s London and is a testimony to Christie’s understanding of the market and the finely curated and great selectivity in works offered for sale. We look forward to Christie’s Modern and Contemporary Indian Art sale in September in New York.”

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