Highly sought after works by modern and contemporary Indian artists
like M F
Husain, Tyeb Mehta, F N Souza and Sayed Haider Raza among others, all owned
by a single art collector is up for sale by Sotheby's, which last
conducted such an auction in the year 2000.
Pegged to bring in around USD 5 to USD 7 million (approximately Rs 38.5
crore), the sale, set to take place in New York on March 19, also marks
Sotheby's first evening sale of Indian Art. Previews of works would be
held in Delhi, London and New York.
A total of 43 artworks from "Amaya" the collection of art collector
Jhaveri, comprises works produced during the second half of the 20th
century through to the early 21st, many of of which have been published
and exhibited globally.
Proceeds from the sale will underwrite a project space and lecture room
at the Khoj International Artists' Association in New Delhi.
"Sotheby's is delighted to be in New Delhi this week with our dynamic
and experienced Indian art team showcasing highlights of the prestigious
Amaya collection to our Indian clients to whom we are committed to
providing the highest possible service," said Robin
Woodhead, Chairman of Sotheby's International in a statement.
"This initiative follows two high-profile Indian-themed exhibitions in
the last nine months - our collaboration with couturiers Abu Jani and
Sandeep Khosla for the London launch of their book 'India
Fantastique' and 'Inspired by India', an exhibition of contemporary
design," he added.
"This sale is a celebration of the very best of Indian art. The impulse
to share these rare works with other collectors while continuing on the
journey remains strong. Going forward I would also like to enable the
work done at Khoj and support public exhibitions and collections of
Indian art abroad," said Amrita
Jhaveri was the first Indian to be offered a job at Christie's and currently runs an art gallery in
Yamini Mehta, Senior Director, Sotheby's, who is conducting the auction
said, "The collection is one of the finest single owner collections of
Indian Art to come to the market. Amrita Jhaveri has spent more than two
decades putting together, with a passionate and scholarly approach, a
stellar collection... Her remarkable eye has also enabled her to seek
out some exceptional works by younger contemporary artists."
This also marks the first sale for Sothebys by Yamini, a veteran of the Indian Art market.
Leading the sale is an untitled 1982 painting by Tyeb Mehta with an
estimated price of USD 800,000 to USD 1.2 million. This painting was
formerly in the important collection of Chester and Davida Herwitz and
was purchased from Sotheby's in 2000.
Another highlight of the forthcoming Sotheby's auction is "Rajasthan
I", a 1980s work by S H Raza, which merges the artist's abstract
influences from France and India. It has been estimated between USD
600,000- USD 800,000.
This work was first exhibited at the Phillips Collection in Washington in 1986.
Here's what to look forward to at Sotheby's upcoming sale from the collection
An untitled painting by Arpita Singh has been pegged to fetch between
USD 80,000- USD 120,000. Another by Ram Kumar has been pegged between
USD 60,000- USD 80,000 and Jogen Chowdhury's
"Ganesh with Crown" painting is estimated between USD 40,000 to USD
Jhaveri has donated a work by sculptor Mrinalini Mukherjee to the Tate
Modern Musuem to support museum initiatives in the collecting area of
South Asian art.
Here's a sneak peek of some of the artists' works on sale: