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Saffronart auction: Indian art sets 18 world recordsSaffronart closed its exciting Autumn Online Auction of Contemporary Indian art on Thursday, registering a total sale value of approximately Rs 29 crores ($7.2 million), about 72% in excess of the low estimate. At the sale, world auction records were set for 18 Indian artists, including T V Santhosh, Anju Dodiya, Sudhir Patwardhan, G R Iranna, Mithu Sen, Anita Dube, Sudarshan Shetty, Anil Revri, Tushar Joag, Manisha Parekh, Debanjan Roy, Phaneendra Nath Chaturvedi, Kishor Shinde, Chitra Ganesh, Ravikumar Kashi, Ram Bali Chauhan, Mayyur Kailash Gupta and Nicola Durvasula. The sale featured several genres of contemporary Indian art including painting, sculpture, photography and installation. Contemporary artists are increasingly gaining more strength in auctions. Together with Chinese and Southeast Asian art, Indian works of from this genre is witnessing tremendous growth. Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ While US contemporary art is leading the pack, this genre is sweeping the world and younger artists are establishing a connect with the recent global art trends. Over 575 registered bidders from all over the world competed against each other for the works of some of India's most talented artists. The top five lots of this Saffronart auction were Subodh Gupta's 'Idol Thief I', selling for Rs 4.28 crores ($1.07 million); Subodh Gupta's 'Saat Samundra Par' (Across the Seven Seas), selling for Rs 3.4 crores ($850,000); T V Santhosh's 'When your Target Cries for Mercy', selling for Rs 2.8 crores ($701,500); Anju Dodiya's 'The Site', selling for Rs 1.06 crores ($267,375); and Sudhir Patwardhan's 'The Clearing', selling for Rs 93,15,000 ($232,875). Within the first hours of the auction, several lots crossed their higher estimates, including T V Santhosh's diptych, featured on the cover of the catalogue, and works by Subodh Gupta, Riyas Komu, Anandajit Ray, G R Iranna, Tushar Joag, Dhananjay Singh and George Martin, setting the pace for the exciting bidding activity that continued till the last seconds of the sale. NRIs and domestic collectors are getting increasingly active at international auctions of Indian contemporary art. While old buyers are picking up pieces occasionally, there is a fair cross-section of newer collectors who have entered the field. Visit our site at – http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Latest News - http://investorline.co.in/blogger/?q=aggregator/categories/1 News Resources - http://investorline.co.in/blogger/?q=aggregator/sources Newscatcher- http://catcher.investorline.co.in/ Newsgroups- http://groups.google.com/group/india-investor --~--~---------~--~----~------------~-------~--~----~ Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor -~----------~----~----~----~------~----~------~--~---
