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AstaGuru’s Modern Indian Art auction sold out at ₹70 crore!
Apr 05, 2021
Mumbai-based auction house AstaGuru concluded their online, Modern Indian Art auction last week and achieved a white glove result. The total sales value came up to a whopping ?70,68,39,061 crore, with a 100 percent lots sold ratio.
The auction catalogue featured an impressive compendium of 30 eminent artworks by leading modernists, with a majority of the offering coming up to the auction block for the very first time.
Lot 17, an ‘Untitled’ work by V S Gaitonde from the year 1971
The highest price was fetched by lot 17, an ‘Untitled’ work by V S Gaitonde from the year 1971. The work was sold at ?14.12 crore, which showcases the artist’s mastery on the canvas to achieve a vivacious creation of earthy overtones with bright patches of orange that seek to break through its surface.