Tyeb Mehta's 'Kali' sold for a record Rs 26.4 cr

Image
IANS New Delhi
Last Updated : Jun 14 2018 | 10:55 PM IST

In a record-breaking sale at an online auction on Thursday, Tyeb Mehta's iconic painting "Kali" (1989) was sold at a whooping Rs 26.4 crore, setting a new record for the artist.

The painting represents the eternal cosmic dilemma of the human condition: the battle of good and evil, creation and destruction.

The Summer Online Auction by Saffronart, an international player in the art market, witnessed this sale.

"Modernist Tyeb Mehta has tonight achieved a new world record at Rs 26.4 crore (approximately $4 million) with the sale of Untitled (Kali), 1989, at Saffronart's Summer Online Auction," Saffronart said in a statement.

Mehta's previous world record was held by leading auction house Christie's. In May 2017, Untitled (Woman on Rickshaw), 1994, was sold at a Christie's auction for $3.56 million (Rs 22.99 crores).

The buyer then was New Delhi's Kiran Nadar Museum of Art.

Saffronart has not revealed who bought "Kali", with a representative saying that disclosing the identity of the buyer was against their policy.

"The sale of Tyeb Mehta's Kali marks an important achievement in modern Indian art sales, and paves the way forward for online auctions of Indian art," Dinesh Vazirani, CEO and Co-founder of Saffronart told IANS after the sale was announced.

"In our 18 years as India's leading auction house, our focus has been to make the best of Indian art accessible to audiences around the world," he added.

Mehta's "Kali" is the largest of only three standing figures painted by the artist.

It was once part of the art collection of the eminent theatre director, Ebrahim Alkazi.

Mehta, who spent most of his life in Mumbai, passed away there on July 2, 2009 following a heart attack. He was a recipient of the Padma Bhushan in 2007.

--IANS

ss/vd

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 14 2018 | 10:48 PM IST

Next Story