Commenting on it, Sunny ChandiramaniVice President (Client Relations) of AstaGuru Auction House who hosted the event on June 23-24, said, “This artwork appeared in the auction for the first time and was acquired for Rs 16,29,836. This is double the estimated value, but given the artist’s importance in the history of modern Indian art, it is not surprising that even after 50 years of death, his works are very coveted and competitively auctioned. Three of Roy’s card tempera works also went under the hammer at the same auction.
Artwork by MF Hussain
One measuring 26. 4×14. 3 inch, which was valued at Rs 4 lakhRs 6 lakh, was acquired for Rs 17,02,055. Another measuring 15.7X27. 3 inch, which had a similar estimated price, was acquired for Rs 19,65,204. The third one measuring 26.5X13 inches, which also had a similar estimated price, registered a winning bid for Rs 12,65,000.
At the same auction, a rare Tagore work titled ‘Bird’ from the family collection of Nandalal Bose was purchased for Rs 9,36,130. An untitled work by MF Husain from his Mother Teresa series has been acquired for Rs 55,56,260. The estimated price was between Rs 40 lakh and Rs 45 lakh. “Mother Teresa had a profound impact on the artist and since 1980 he has created several canvases dedicated to her. This work is one of the first paintings in the series,” Chandiramani added.