Sotheby's Sale of Modern & Contemporary Art South Asia: India Pakistan Sotheby's sale of Modern & Contemporary Art South Asia: India Pakistan held today in New York, brought $7,845,499 (est. $7.6/10.6 million*)
News-Antique.com - Sep 23,2008 - Sotheby's sale of Modern & Contemporary Art South Asia: India Pakistan held today in New York, brought $7,845,499 (est. $7.6/10.6 million*), with the top lots in both the Modern and Contemporary portions of the sale selling over their high estimates: Tyeb Mehta's Falling Figure with Bird (est. $1/1.5 million) sold for $1,538,500, and Subodh Gupta's One Cow (est. $600/800,000) achieved $866,500.
Sale N08466 Modern & Contemporary Art South Asia 18 SEP 08
Grand Total (Including Buyer's Premium): $7,845,499 (£4,308,820) Exch Rate: 0.55
Sold by Lot: 65.1% Lots Offered: 126
Sold by Value: 79.7% Lots Sold/Unsold: 82 / 44
Specialist in Charge: Zara Porter Hill Press Office Contact: Susan Ollinick 212.606.7176
Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. Sotheby's buyer's premium is 25% of the hammer price on the first $50,000, 20% of the hammer price up to and including $1,000,000, and 12% thereafter on each lot. **Estimates do not include buyer's premium**
Zara Porter Hill, Head of the Indian and Southeast Asian department at Sotheby's, said: "We are very pleased with the results of today's sale, which drew a diverse, international group of supporters who contributed to lively bidding in a full salesroom. Both the Modern and Contemporary markets continue to show great vitality, with our top lots in both areas --Tyeb Mehta's Falling Figure with Bird and Subodh Gupta's One Cow -- selling over their top estimates. Works of excellent quality and condition, with fine provenance, many coming fresh to the market from private collections, continue to be in demand by the collectors from North America, Europe, Asia and the Middle East who are increasingly attracted to Indian and South Asian art."