Auctioned for Rs 19.19 crore, Akbar Padamsee’s art work breaks his own record

By: |
Published: September 10, 2016 11:32:18 AM

An iconic grey painting by contemporary Indian artist Akbar Padamsee has set the bar high when it was auctioned for Rs 19.19 crore at Saffronart's auction.

greekart-LTitled as “Greek Landscape”, the painting on a 4.3 X 12 foor canvas was estimated to be sold Rs 7-9 crores, however, it doubled even its upper limit. (Source: Twitter)

An iconic grey painting by contemporary Indian artist Akbar Padamsee has set the bar high when it was auctioned for Rs 19.19 crore at Saffronart’s auction. Titled as “Greek Landscape”, the painting on a 4.3 X 12 foo canvas was estimated to be sold Rs 7-9 crores, however, it doubled even its upper limit.  The painting was first exhibited at the Jehangir Art Gallery in Mumbai where it received particular attention for its color and other qualities.

Padamsee’s painting also surpassed the artist’s previous record of Rs 6.3 crore in 2011. Both the works were painted in the 1960s when he was inspired by The Aga Khan and had decided to renounce the colorful palette as “grey is without prejudice and does not discriminate between object and space.”

“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.

The auction also set records for modern Indian art as Nasreen Mohamedi’s 1960 oil on canvas sold for a record Rs 2.4 crore and Gaganendranath Tagore’s Ruben’s Sketch Book, which was sold for Rs 1.8 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.

With the auction of the “Greek landscape”, it became the fifth costliest work by an Indian artist with VS Gaitonde in the Number 1 slot (Rs 29.3 crore). Other sin the list include FN

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Rajnath Singh pitches for spending more on primary health care
2Do homework on what Centre has given to Andhra Pradesh, says Nirmala Sitharaman
3Kashmir unrest: Firing between CRPF and militants at Pulwama