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Raza, Tyeb paintings fetch over $1mn each

March 30, 2006 20:34 IST

Paintings by two renowned Indian artists, Syed Haider Raza and Tyeb Mehta, have fetched more than a million dollars each at an auction in New York.

At Sotheby's sale on Wednesday, the top lot was Raza's painting 'Tapovan' (1972), which an anonymous bidder picked up for $1.47 mn, while Mehta's 'Falling Figure with Birds' (1988) fetched $1.24 mn.

Sotheby's heavily emphasised the modern works in its sale of Indian and Southeast Asian art, which earned $13.6 mn, well above the high pre-sale estimate of $10.7 mn. It set a record for the highest auction total ever for Indian and Southeast Asian art, according to the house.

Other Indian painters whose works raised record prices include J Swaminathan, Akbar Padamsee and Ram Kumar.

'We've seen Indians buying more widely over several categories,' Sotheby's head of Indian and Southeast Asian art, Robin Dean, was quoted as saying.

Sotheby's auction will be followed on Thursday by Christie's.

This year, Christie's is breaking out its modern and contemporary Indian art into a separate catalog. Its sale of Modern and Contemporary Indian art is estimated to bring between $6.9 mn and $9.4 mn while its sale of traditional Indian and Southeast Asian art is expected to raise $3.9 mn to $5.5 mn.

 

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