The fifth edition of Modern and Contemporary auction by the site features a total of 83 lots, auctioneers said in a statement.
S H Raza's artwork titled "Bhoomi" acquired from a private collection in Delhi is estimated to fetch between Rs 4 crore to Rs 6 crore (USD 689,655 - USD 1,034,483).
"Mother and Child" by F N Souza acquired from Gallery One in London that was previously from the Adler family collection is expected to be sold between Rs 1.75 crore - Rs 2 crore (USD 301,724 - USD 344,828).
The auction is scheduled to being on September 7 at 10:30 am and conclude on September 8 at 9.30pm IST.
"The Indian art market has seen an upswing in Masters and Contemporary Art over the last few months after the recent growth and faith in the Indian marketplace. There is a lot of interest and buzz from collectors living in India as well as those living abroad to participate and bid in this upcoming auction," Tushar Sethi, Director, AstaGuru.Com said.
The auction house said it would donate one per cent of the funds collected through the sale to support the cause of avoidable blindness through Standard Chartered's "Seeing is Believing" initiative.
Ane exhibition of the lots set for auction have been scheduled for viewing at the ICIA House in Mumbai.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
