Due diligence for all art works put on sale: Bid and Hammer

Image
Press Trust of India Bengaluru
Last Updated : Mar 22 2015 | 1:42 PM IST
Auction house Bid and Hammer has rejected reports of fake art works ever put on sale by it and made it clear that it always did due diligence before they are presented for bidding.
Referring to media reports critical of their "Significant Indian Art" auction in Delhi in June last year, Mehar Dadha, CMD of Bid and Hammer, said the auction was widely publicised and the catalogue was out months in advance.
"But none of those who claimed that some works were fake had attended the preview, inspected the provenance documents or clarified their apprehensions with B and H's experts, thus raising questions about the legitimacy about their concerns," he said.
The B and H has filed a criminal defamation case in a local court here against a Delhi-based art gallery and its promoters accusing them of carrying defamatory posts on social media ahead of the auction and got published articles intended to lowering the reputation of the auction house and to cause mis-trust among clients.
Dadha said not a single work was a fake and all the three Rabindranath Tagore works put up in the auction were original.
He said no expert of standing makes an affirmative comment without physically inspecting a work and accompanying documentation.
"To date B and H has never had to withdraw a single work from their auction and vindicated by a recent landmark judgement (of the High Court-appointed arbitrator) in an art authenticity case," Dadha said.
He said as auctioneers "we don't own the works and have no personal interest in defending works if they are genuinely dubious".
*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: Mar 22 2015 | 1:42 PM IST

Next Story