The First Art Newspaper on the Net Established in 1996 United States Saturday, August 23, 2014


Competitive Bidding Drives Prices Past Estimates at Saffronart's Autumn Online Auction
M F Husain, Untitled. Winning Bid: Rs. 1,29,37,500 USD 287,500.
NEW YORK, NY.- Saffronart, the world’s largest online fine-art auction house, concluded its Autumn Online Auction on September 9th, 2010 with more than half the lots selling above their higher estimate. The auction achieved a total of $6.4 million, reaffirming the strength of the Indian art market.

The two-day auction of Modern and Contemporary Indian art was marked by top prices for several modernists. S.H. Raza garnered great interest with ‘Bhartiya Samaroh’ selling for $905,000. Competitive bidding saw Jogen Chowdhury’s ‘Couple I - Man and Woman’ selling for more than double its estimate at $354,583. The sale also witnessed strong prices for notable works such as the ‘Last Howl from the Cross’ by F.N. Souza which sold for $345,000 and M.F. Husain’s ‘Untitled’ work which sold for $287,500.

Leading contemporary artist Subodh Gupta’s ‘Untitled’ work sold for $271,400 while G. Ravinder Reddy’s ‘Untitled’ iconic sculpture of a woman's head saw intense competition and closed at $256,197.

Following the successful world record sale by Saffronart this summer for Jehangir Sabavala’s work titled ‘The Casuarina Line I’, this season’s offering of Jehangir Sabavala included an earlier canvas work titled ‘Icarus’ which closed at $258,762.

Speaking about the success of the auction, Dinesh Vazirani, CEO and Co-founder of Saffronart said, “We are very happy with the response received to our Autumn Online Auction. The sale saw strong prices achieved across the board as well as sustained bidding from serious and mature collectors and this is a very positive message for the market. The art market continues to show strength and we will continue to witness interest in the works of renowned Indian artists in the coming auctions. Our performance is testament to our focus on presenting some of the best Modern and Contemporary Indian art to the world.”

The Autumn Auction reinforces Saffronart’s position as one of the most definitive sources of modern and contemporary Indian art today. Over the last ten years, Saffronart has attracted a growing number of collectors across the world. With online auctions, fixed price sales, exhibition programs, and technology-enabled services for clients, all connected through an unparalleled online presence, Saffronart has become the world’s largest online fine-art auction house.

Saffronart’s Autumn Online Art Auction was characterized by a strong focus on aesthetic quality, distinguished provenance and competitive pricing. The auction featured 90 works by 43 modern and contemporary Indian artists. The sale saw unprecedented participation from collectors across the world, and closed with a total of $6.4 Million. Notable among the artists featured in the sale were S.H. Raza, F.N. Souza, M.F. Husain, Akbar Padamsee, Subodh Gupta, Manjit Bawa and Jehangir Sabavala. In addition to publishing a print catalogue to accompany the online sale, Saffronart also hosted preview events at Saffronart’s gallery spaces in Mumbai, London and New York.



Saffronart | Autumn Online Auction | Dinesh Vazirani |


Today's News

September 15, 2010

Exhibition of Forty Prints at Fundación BBK in Bilbao Shows Henri Matisse's Intimate Side

MoMA Exhibition Explores Design and the Modern Kitchen

Gabriel Orozco Presents an Expanded Version of His Show at Centre Pompidou

Karl Lagerfeld's Photos on Display at Maison Europeene de la Photographie

Platinum Prints & Classic Snaps by Elliott Erwitt at Magnum Print Room

Exhibition of Works by Inner Circle of Max's Kansas City Artists at Steven Kasher Gallery

Crystal Bridges Announces Works by Warhol, Lichtenstein

The Turner Prize Goes to BALTIC Centre for Contemporary Art in 2011

A Selection of Drawings and Three-Dimensional Objects by Al Taylor at David Zwirner

Warner Bros. Presents Gift to Smithsonian; New Digital 3-D Theater

First Solo U.S. Exhibition for Italian Designer and Architect Antonio Pio at Industry Gallery

Turmoil in Tibet: Early 20th Century Images at Bonhams

Roman Signer: Four Rooms, One Artist Opens at Swiss Institute

Competitive Bidding Drives Prices Past Estimates at Saffronart's Autumn Online Auction

Table Commissioned by East Indian Royalty Headlines Austin Auction's Sale

Major International Collaboration Yields Never Before Seen Forbidden City Treasures

Dan Colen's First Major Solo Exhibition in New York at Gagosian

Israel Museum Awards Michal Heiman First Shpilman International Prize

First Solo Exhibition by Michael Patterson-Carver in London at Timothy Taylor Gallery

New York City Exhibit Captures Photographer's Vision of the City

Scholars to Present New Findings on Henri Rousseau's Media and Methods

First Major Museum Exhibition of Works by Elad Lassry Opens in St. Louis

Bonampak Lineage Might Have Come from Plan de Ayutla, Chiapas

Home of "Ice Giants" Thaws, Shows Pre-Viking Reindeer Hunts

After 75 Years, Boeing Co. will Demolish Historic Plant 2

Bonhams Launch Irish Art Department with First Sale in February

Chinese Emperor's Seal Expected to Make Millions at Bonhams

Ninth Edition of the Most Prestigious Art Show in the Americas Announced

Bonhams & Butterfields to Offer the J.D. Collection of Saint-Gaudens $10 Eagles

Global Positioning System? Mapquest? Not for Fans of Hand-Drawn Maps

Art Institute of Chicago Appoints Daniel Walker Chair of Two Departments

Christie's New York to Offer Extraordinary Collection of Unique Daguerreotypes

Art Detroit Now Presents Detroit Gallery Week

Transport: A Major Thematic Exhibition by Marc Newson at Gagosian

The Menil Collection to Publish Jasper Johns Catalogue Raisonné

Most Popular Last Seven Days



1.- Mystery over massive Alexander the Great-era tomb unearthed in northern Greece

2.- An ancient money box containing a large rare hoard of coins found in Israel

3.- Robin Williams' portrait installed today at the National Portrait Gallery in Washington

4.- The Baltimore Museum of Art announces three new contemporary exhibitions in fall

5.- New Aspen Art Museum designed by architect Shigeru Ban opens to the public

6.- New York's Metropolitan Museum of Art launches 82nd & Fifth app in 12 languages

7.- MoMA online-only publication features new research on Pablo Picasso and Cubism

8.- Volunteers needed for massive Smithsonian digitization project

9.- Tate Britain welcomes home John Everett Millais's Ophelia and Rossetti’s The Beloved

10.- Bogart estate: Hollywood golden age icon Lauren Bacall dead at 89 in New York

Related Stories



Saffronart announces its Modern Indian Art Winter Online Auction 2012 taking place on 18-19 December

Saffronart Offers an Exceptional Collection of Modern and Contemporary Indian Art

World-Record Price for Jehangir Sabavala at Saffronart Auction



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site