Online auction house Astaguru’s recent Modern Indian art sale achieved a white glove result (a sale where all lots are sold), with all 50 lots selling for a total sales value of Rs 42.69 crore.
The top highlight of the auction was M F Husain’s 1972 anti-war painting.
An iconic work of art, Husain painted it as a response to the Bangladesh Liberation War of 1971, which resulted in the India – Pakistan conflict.
The painting that was offered at auction for the first time ever, fetched Rs 3.45 crore.
The sale also established world records for four artists — Meera Mukherjee, K Laxma Gouda, Laxman Shreshtha, and Badri Narayan.
Mukherjee’s Dancing Baul, a bronze sculpture from 1981, features a Baul singer, the group of mystic singers were very famous in Calcutta, giving us an insight as to the inspiration behind the artist’s work.
The sculpture achieved the highest price for the artist at an auction, realising an impressive bid of Rs 1.31 crore, indicating that the demand for Meera Mukherjee’s works has grown consistently over the past years.
While Shreshta’s Untitled (Diptych) oil on canvas (1994), a large-scale work executed in his signature style, sold at a world record price for the artist at auction realising Rs 52.31 lakh, Narayan’s Untitled oil on canvas (1960) received a world record bid of Rs 1.07 crore, achieving the highest price for the artist at auction.
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