9th July, 2012

Saffronart is organizing an auction without reserve prices. This means that the auction house provides you with an estimate of the value of the artworks that will go under the hammer but the artwork will be sold irrespective of whether the price matches the seller’s standards. This year’s absolute auction includes 90 lots of “Modern and Contemporary Indian Art.”

The lots are an eclectic mix when it comes to price, thus, hoping to cater to a larger number of bidders. The most expensive work amongst the lots is predictably a Husain – an untitled work by M.F. Husain executed in 1979, which shows a woman holding what could be either a vase or a penis, is estimated to fetch anything between 54 lakh INR and 81 lakh INR. Akbar Padamsee’s 1987 untitled work, whose estimated value is between 24 lakh INR and 32.4 lakh INR, has been positioned as the second most expensive work.

Several paintings within the affordable range of 30,000 INR and 40,000 INR are also included. The least priced work is by Barun Chowdhury. His quirky “Just Follower” is estimated at a modest 10,000 INR and 15,000 INR.

In general the auction seems to have a cheeky character with works such as Yashwant Deshmukh’s “Auto Rikshaw a Temporary Shelter” (2004), Phaneendra Nath Chaturvedi’s “D for Dog” (2011), Debraj Goswami’s “Recycled Masterpiece 2” (2006) etc being included for the auction.

Saffronart’s “Modern and Contemporary Indian Art” absolute auction will be held between July 10 and 11. Register here to bid.

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