Raza tops Osian auction

Mumbai: A diptych by S H Raza fetched Rs 90 lakhs and topped the modern art section of Osian`s recent sales, which netted a total of over Rs 12 crore in an auction, that featured art from western India as well as rare miniatures from the princely courts of Rajasthan.

Raza`s 1994 diptych an acrylic on canvas from his Bindu Nad series featured in Osian`s Creative India Series auction that achieved 98 per cent of the total lower estimate with 64 per cent sale of lots, according to information released by the auction house.

Apart fom Raza other artists like Krishen Khanna, M F Husain, Tyeb Mehta and K H Ara attained highest prices in modern section of the "Creative India Series 3- Bombay, Baroda and Western India" held on March 23 here.

Hundred per cent of all the antiquities featured in the auction sold out. "Given the general uncertainty in the economy this was a very good auction with many positive indicators for Osian`s and the art market," says Neville Tuli, Founder and Chairman, Osian`s.

"The most obvious and resounding trend is that the Indian public is getting ready and increasing interested in once again owning our Indian antiquities, and proudly sharing them in a transparent manner as collectors," says Tuli.

Kishen Khanna`s 1980 oil on canvas painting titled "Thou sayest so"/ "The interrogation" fetched Rs 8, 400,000 above the estimated Rs 7,200,00 price. Similarly an M F Husain Nag Nagini series went under the hammer for Rs 7,800,000 a little above what it was estimated to fetch.

An opaque watercolour heightened with gold on paper inscribed in devanigiri on the reverse from the Udaipur Mewar school of painting owned by a London based collector went under the hammer for Rs 1,260,000. The watercolour estimated to be done in 1720 showcased Maharaja Sangram Singh hunting wild boar.

The Mewar atelier produced a great number of such paintings depicting Maharana Sangram Singh hunting which became important documentary records of the life of the Maharana.

The painting was among 20 rare and exquisite miniatures from the early 18th century to the 1880s from the princely Rajput courts and schools of Rajasthan, such as Amber, Udaipur, Bikaner, Kotah, Bundi, Kishangarh, Jodhpur, Jaipur and Nathdwara. Next up and the fourth in the series on the Osian`s auction house calender is the "Cholamandal and South India in June 2012.