The Modern and Contemporary South Asian Art sale features never-before-seen works from private collections in Europe and America.
The large-scale painting by Souza (estimated at 400,000- 600,000 pounds) titled 'Deposition of Christ' is the 'cover lot' of the auction and among a few key highlights set to be on view at Mumbai's Taj Mahal Hotel from September 3-4.
Gaitonde's 1973 work (estimated 900,000-1,400,000 pounds) has been done at the peak of his career while the Pyne canvas has been sourced from a Swiss collection.
The exhibition forms part of an extensive programme of events in Mumbai, which includes the launch of a three-day Course on International Contemporary Art organised in collaboration with Sotheby's Institute.
"Paintings on offer include those considered to be among the most important works by the greatest Indian and South Asian masters at the very top end of the market, as well as paintings by the greatest names at more accessible estimates," Yamini Mehta, International Head of South Asian Art, said.
The work, painted in Delhi at the zenith of his career, Mehta said, "features an abstract colour field of beautiful, uplifting tonality, which differentiates it from the artist's earlier paintings and will be of great appeal to collectors."
Other highlights of the auction include an Untitled (Under the Fountain), 1969 work (estimated at 40,000- 60,000 pounds) by Ganesh Pyne.
Jehangir Sabavala's 'Rice Fields, Palni Holls- II', 2008 (Estimated 200,000- 300,000 pounds) is a depiction of Southern India's lush Palni hills.
The palette in Hajera reveals the artist's love for Indian miniatures - particularly Basholi, Malwa and Mewar schools.
"This work is a profound example of Husain's unique fusion of post-independence and Post-Impressionist painting: powerfully evocative of classic Indian plastic traditions and distinctly Modern at the same time," auctioneers said.
An untitled 1979 work by Jagdish Swaminathan (Estimate: 60,000- 80,000 pounds) comes to market from a Brazilian collection. It presents a richly saturated palette that demonstrates Swaminathan's interest in Pahari and Basholi miniatures, placing his work as a unique re-interpretation of traditional Indian art.
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