The sale on 27 May by international auction house Bonhams is reflective of the interest in Indian art in recent years and an increased awareness for South Asian modern painting that has catapulted many previously relatively unknown names to become household names.
Leading the sale is an Untitled (Landscape) by Souza, which depicts a frenzied and foreboding world that has been estimated at Rs 1.4 million - Rs 1. 7 million (15,000 pounds to 18,000 pounds).
The famed critic John Berger described him as an artist who "straddles many traditions but serves none."
"Souza brings a sense of macabre, black comedy to his work," Tahmina Ghaffar, Head of Sale for Modern and Contemporary South Asian Art said.
"This piece is a wonderful example of the wild and farcical phase he went through during the early sixties," she said.
Souza had founded the Bombay Progressive Artists' Group in 1947, a formative movement that aimed to propel Indian modern art onto the international stage.
first entry to the Venice Biennale, and has had retrospectives at the Hammer Museum LA, the Art Institute of Chicago and the Guggenheim New York.
"This rare sculpture, one of the two lots on offer by Hashmi at the sale, is a wonderfully minimalist commentary on the movement of people and the search for an identity beyond mere national borders," Ghaffar said.
More well known for her video art and installations, Nalini Malani's work is a visceral and vibrant oil painting estimated between Rs 1.4 million- 1.9 million (15,000- 19,000 pounds)
In October 2017, Nalini Malani is set to be the first Indian artist to have a retrospective at the Centre Pompidou in Paris.
The sale also includes works from the Bengal School, including Sudhir Khastgir and Ramkinkar Baij, demonstrating the early influence of East Asian wash techniques and the emerging pan Asian aesthetic.
The influence of these early artists, straddling the era of British rule and Independence, feeds into the contemporary pieces in the sale by Bikash Bhattacharjee and Sakti Burman.
"The sale features a number of works fresh to the market from esteemed private collections in Europe and the US, catering to the growing sophistication of Indian art collectors. We're confident we will continue our trajectory of success in the Indian art market," Ghaffar said.
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