Akbar Padamsee's 'Greek Landscape' painting sells for record Rs 19 cr

Contemporary Indian artist Akbar Padamsee set a new high at Saffronart's auction with his work Greek Landscape going under the hammer for Rs 19.19 crore, breaking his earlier record.

IANS September 10, 2016 11:02:17 IST
Akbar Padamsee's 'Greek Landscape' painting sells for record Rs 19 cr

New Delhi: Contemporary Indian artist Akbar Padamsee set a new high at Saffronart's auction with his work Greek Landscape going under the hammer for Rs 19.19 crore, breaking his earlier record.

Akbar Padamsees Greek Landscape painting sells for record Rs 19 cr

Akbar Padamsee. Image courtesy: Twitter

The 4.3 x 12 feet canvas, estimated at Rs 7-9 crore, more than doubled its upper estimate in the sale on Thursday evening. The winning bid surpassed the previous record set by Sotheby's in 2011 for Reclining Nude, 1960.

The auction also set other records for modern Indian art as Nasreen Mohamedi's 1960 oil on canvas sold for a record Rs 2.4 crore.

One of the earliest modern masters of India, Gaganendranath Tagore's work Ruben's Sketch Book also followed suit by selling for Rs 1.8 crore.

"We are thrilled with the world auction records we set tonight, notably for Akbar Padamsee and Nasreen Mohamedi. The sale provided a greater spectrum of modernist works, and works rarely seen at auction were well received. We were also gratified by the interest shown by international collectors", said Hugo Weihe, auctioneer and CEO of Saffronart.

Among the top lots were VS Gaitonde's Untitled oil on canvas, 1970, estimated at Rs 10-15 crore which sold for Rs 10.12 crore, MF Husain's Dreams, 1979, sold for Rs 4.44 crore and SH Raza's La Terre, 1986, sold for Rs 3.84 crore.

The auction achieved a total sale value of Rs 68.55 crore against pre-sale bettering the estimates of Rs 62.1-87.8 crore, according to a statement from the gallery.

Updated Date:

also read

Singer Ellie Goulding, husband Casper Jopling become parents to first child
Entertainment

Singer Ellie Goulding, husband Casper Jopling become parents to first child

"Mum and baby both healthy and happy," Ellie Goulding's husband Caspar Jopling announced the birth of their first child on Instagram.

Disney revenue plummets 13 percent since 2020; streaming service records 'slower than expected' growth after pandemic boost
Entertainment

Disney revenue plummets 13 percent since 2020; streaming service records 'slower than expected' growth after pandemic boost

Disney said it was seeing "encouraging signs of recovery" across a wide range of its businesses even while its streaming television service grew slower than expected in the second quarter.

J Balvin says he 'almost died' of COVID-19: 'Don't want people to feel what I felt'
Entertainment

J Balvin says he 'almost died' of COVID-19: 'Don't want people to feel what I felt'

J Balvin, who was diagnosed with coronavirus in August 2020, shared his experience at the Global Citizen's Vax Live concert