Breaking Records: Christie’s third sale collects the highest total for any auction in India
DEC 16, 2015 | By Jaina Chandwany
Christie’s, world’s leading art business, hosted their third India sale of their contemporary and classical South Asian artifacts and paintings on December 15, at the Taj Mahal Palace Hotel, Mumbai.
Five bidders across telephones battled for Untitled, an oil by artist Vasudeo S Gaitonde, painted in 1995. The painting was finally sold for a staggering Rs 29,30,25,000 (almost Rs 30 cr), breaking the previous world auction record for the artist and for the category set by Christie’s at the inaugural India sale in 2013.
All in all, their sale returns totalled Rs 97,69,90,000 ($14.7 million) making it the highest total for any Indian auction ever. It doesn’t stop just there. Christie’s announced that Rs 36,07,500 of the sale proceeds were raised to benefit the victims of the recent Chennai floods. William Robinson, International Head of World Art told us, “The funds will be shared jointly between Bhoomika Trust and Blue Cross India.”
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