Osians auction is on today Jan 31st-India and Feb 1st am USA time, at Taj Mahal hotel in Mumbai where museum quality paintings are coming up live on auction. Osians is one of the oldest galleries in India and has been doing auctions for some time. Their forey into auctions came about few years ago. They also archieve some the oldest cinema posters and lobby cards in India. For those of you who got the guts to pay or buy these expensive paintings over the phone can bid over the phone in buying these million dollar master pieces today. Osians buyers are from all over the globe not to mention majority of the works will go to new millionaires within India.
Let us see how this auction will do and how much in total revenue this will generate. Considering all indicators auction will do well and most likely push the prices to new records.
http://www.osians.com
-Sri
Tuesday, January 30, 2007
Whats going on today? Jan 31st.
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Seems that Osians' auction was a big success with over $9MM total sales (not including buyers premium). Here are some numbers:
VS Gaitonde - $1.2MM
SH Raza - $1.2MM
Amrita Sher-Gil - $750K
AR Chughtai - $365K
Rameswar Broota - $300K
Manjit Bawa - $300K
Satish Gujral - $225K
From the looks of Osians and Christies recent auctions, will we see the likes of Sher-Gil, Broota, and Chugtai joining Souza, Husain,Gaitonde etc. among the "elite Indian artist" club? Wow....prices are going through the stratosphere for painters beyond the Progressives!
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