Sotheby's raised $1.5 million for Kolkata Musuem of Modern Art in New York
Merrill Lynch will auction 40 lots of exclusive Indian artwork on October 5 at Mall Galleries in London.
The sale lot of 61 pieces of art, which was spread across a variety of categories such as modern and contemporary South Asian art, prints, and photographs, realised an estimated sale price of Rs 23.8 crore. Pre-auction estimates had expected the sale to range between Rs 37 crore and Rs 52 crore. Around 11 pieces of art remained unsold on Day One, reports Pavan Lall.
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