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| Sotheby’s – The Indian Art Sale | 16th June 2009 | London |
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Total no of lots – 52
No of lots sold – 36
Percentage of sale – 69%
Total Sales – GBP 18, 52,525
Total Estimates – GBP 1035000 – 1514000
(Lower – Higher Estimates)
Top Seller –
- Orange Head
- Francis Newton Souza
- Sold for – GBP 403,250
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| Artist Name |
Top Lot |
Lot No |
Category |
Price Realized |
% Comparison
to higher estimate |
| Francis Newton Souza |
1 |
62 |
Modern |
403,250 |
236% |
| Chowdhury Jogen |
2 |
59 |
Modern |
373,250 |
211% |
| Husain Maqbool Fida |
3 |
53 |
Modern |
109,250 |
56% |
| Husain Maqbool Fida |
3 |
63 |
Modern |
109,250 |
9% |
| Husain Maqbool Fida |
4 |
52 |
Modern |
103,250 |
3% |
| Bawa Manjit |
5 |
65 |
Modern |
85,250 |
-15% |
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| With contemporary art demand from India showing a steep downward trend. The Modern artist has proved that the market is still open to quality works and there are takers for exceptional quality works. Francis Newton Souza “Orange Head” sold for GBP 403250 against the higher estimate of GBP 120000.Jogen Chowdhary’s “Day Dreaming “which sold for a whopping GBP 373,250 against higher estimate of 120000 was an eye opener .Also the highest record for the artist in any auction. The Poster Boy of Indian Art M F Husain totaled GBP 526,100 in total of 8 works .Two of Husain Works did not exceed the higher estimates clearly indicating the quality was the important aspect for collectors. |
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| The Contemporary artists had very less to do in this auction with only two works selling. One by Vivek Vislasini which went for GBP 25000 against the pre estimate of 8000 Bhalla – Selling below the pre estimate for GBP 43 estimate of GBP 20,000 – 30,000 did not find any takers. Also failed to find a bid were two works by Contemporary Artist Thugral and Tagra with estimates of GBP 30,000. |
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Day Dreaming
Jogen Choudhary
Estimate – GBP 80,000 – 120,000
Sold For 373,250 |
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 Download Sotheby’s The Indian Sale 16th June 2009 London Report |
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