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Tyeb Mehta's "Durga" fetches Rs 20 cr at Sotheby's auction

Press Trust of India  |  Mumbai 

Tyeb Mehta's painting "Durga Mahisasura Mardini" was sold for USD 2.9 million (Rs 20.49 crore) at Boundless India, inaugural auction in Mumbai, Thursday evening.

Art works worth USD 7.9 million (Rs 55.40 crore) were sold at the auction, a said, adding over 75 per cent of sold lots achieved prices above their pre-sale high estimates.

Mehta's painting had remained in the same private collection ever since it was commissioned directly from the in 1993.

Strong competition for Amrita Sher-Gil's "The Little Girl in Blue" led the painting to sell over the high estimate for Rs 18.69 crore (USD 2.7 million), a record price for the in

This is only the seventh by the to be offered anywhere in the world. The work had remained in the same collection for 80 years, since it was selected by Sher-Gil for her first solo show in 1937.

Earlier in the sale, another work by Sher-Gil, a work on paper created by her when she was just 10 years old, was also sold.

Also, one of the most important sculptures created in modern India, an untitled 1950s bronze by Sadanand Bakre, achieved a record price for any 20th century Indian sculpture at Rs 1.88 crore.

Edward Gibbs, and India, said: "This is a milestone moment for Sotheby's; Tonights sale reflects continued commitment to the South Asian market."

Yamini Mehta, of Indian and South Asian Art, said, "Tonights results are a vote of confidence for the South Asian art market, with significant new records and benchmarks achieved across many different artists and genres.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 30 2018. 00:10 IST