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The Resounding Success of Masters Legacy by AstaGuru is Palapable Indeed!!
- 4th May 2023
Masters Legacy by AstaGuru
The successful conclusion of AstaGuru Auction House's 'Masters Legacy' Modern Indian Art Auction. 40 of the finest works from the diverse oeuvres of eminent modernists, including Nicholas Roerich, M.V. Dhurandhar, M.F. Husain, S.H. Raza, F.N. Souza, Tyeb Mehta, H.A. Gade, Ganesh Pyne, Bikash Bhattacharjee, Jogen Chowdhury, Krishen Khanna, K.G. Subramanyan, K. The total value of the auction's sales was INR 47,48,55,732, with 95 percent of the lots selling. 75% of the properties presented also sold for more than the higher estimate.
AstaGuru Auction House's Senior Vice President of Client Relations, Sunny Chandiramani, stated,
"We are incredibly pleased with the results of our 'Masters Legacy' auction. The outcome is a testament to AstaGuru's legacy and leadership in the modern Indian art market by providing exceptional and distinctive works. With each curation, we endeavour to satisfy our collectors' desire to acquire distinctive, scarce artworks. Several of the forty iconic creations were auctioned for the first time. The outcome of our auction is indicative of the flourishing art market and the eagerness of new and seasoned aficionados to acquire uncommon masterpieces."
Landscape is a poem by F.N. Souza.Lot 27 by F.N. Souza, titled "Landscape," topped the auction's results. The painting exemplifies the artist's skill in incorporating his signature styles into landscapes. The 1962 oil on board painting was acquired for INR 6,85,69,952. Lot no. 31 was acquired for INR 1,878,170 along with a second landscape by Souza from the same period. The 1961 oil on board painting exemplifies the vibrant colours he used during the 1960s, when he was also influenced by the picturesque locations he visited in Europe.
M.F. Husain Paradoxa': M.F. Husain's 'Paradoxa', lot number 33, is an extraordinary work from his oeuvre. The circa 1970-created oil on canvas was published in Tata Steel's book on Husain. It was obtained at a price of INR 5,84,100,000 after making its debut at auction. Lot no. 19 is an untitled Husain painting depicting horses, a motif with which the artist was widely associated. The acrylic on canvas piece, circa 1990, was purchased for INR 5,008,309.
Prabhakar Barwe - Bewitching Black: The renowned abstract modernist Prabhakar Barwe's mixed media on canvas titled 'Bewitching Black' was purchased for INR 2,96,26,763 at auction. It consists of abstract geometric shapes, a signature of Barwe, as well as playing cards and textiles. This 1968 work demonstrates the impact of the Pop Art movement and his employment at the Weavers' Service Centre on his career.
Lot no. 17, 'Le Village' by S.H. Raza is an oil on canvas painting from 1965. It depicts a series of buildings using an unorthodox technique. Given that S H Raza won the Prix de la Critique d'Art that same year, the year of the painting's creation was of significant significance. It was purchased for INR 1,88,13,977. Lot number 34, titled "Paysage," is emblematic of Raza's 1950s landscapes. Executed in 1957, the oil on the documentation was purchased for INR 1,43,92,224.
K.K. Hebbar: Lot no. 25 is an untitled 1980 oil on canvas by K.K. Hebbar. The artist is renowned for his evocative and enigmatic compositions as well as his depictions of village landscapes. The vibrant and daring hues used in the lot were emblematic of 1980s Hebbar. It was purchased for a total of 1,79,24,190 INR.
Rameshwar Broota - 'Man' series: Lot no. 38, titled 'Man-18th', is from the monumental 'Man' series by the esteemed artist Rameshwar Broota. The series was executed in 1983 with oil on canvas using the artist's signature blade-scraping technique. This painting is the culmination of the 'Man' series and was sold for INR 1,752,3000.
The Clown by Ganesh Pyne: Lot No. 36 'The Clown' by Ganesh Pyne is part of his renowned 'Ape' series and exemplifies his obsession with allocating various roles to ape-like characters. The subject is depicted here as a fool with a rope around its neck. The artist would investigate themes of melancholy and loneliness through his use of light and shadow. The 2003 tempera on canvas painting was purchased for INR 1,748,3696.
All figures include the auction house's profit margin.
The auction's analysis can be observed at www.astaguru.com.
AstaGuru was conceived in 2008 for the solitary purpose of developing a safe and secure online auction platform for Indian, Contemporary, and Modern art. The word AstaGuru is a thoughtful combination of the Italian word 'Asta', which means auction, and the Sanskrit word 'Guru,' which means'master,' and signifies our mastery of auctioneering art and artefacts in India and around the world. AstaGuru has endeavoured to effectively span the divide between prospective purchasers and consignors by transcending the limitations of live auctions as the world converges into a unified digital universe. AstaGuru makes the process of purchasing and selling art and uncommon collectibles transparent with ease.
Our portfolio comprises diverse categories such as Jewellery & Fine Silver, Timepieces, Textiles, Celebrity Memorabilia, Rare Books, Numismatic, Philately, and Classic Cars. The mobile app for AstaGuru enables our esteemed bidders to monitor and participate in our auctions in real time and without difficulty.
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