Tyb Mehta’s ignorant (diagonal); oil on canvas; 1973; 70 x 60 inch | Photo Credit: Special Arrangement
In recent years, the record-breaking sales of Indian modern artifacts in view of lion-gig The Story Taylor (₹ 61.8 crore) in 2023 and MF Hussain Village travel (You 118 Crore) This year – holds modern artists of the country in a prominent place in the global art market. It should be enough for you to examine the Masters Legacy Auction of the Estaguru auction house, which has about 72 (lots) masterpies by 40 leading data of the modernist era such as Tyb Mehta, FN Suja, Sha Raza and MF Hussain.
Manoj Mansukhani, CMO, Estaguru Auction House says, “The idea behind this auction was to highlight the golden age of Indian modernism. We wanted to work together which not only represent technical talent, but also have a significant twist in every artist’s journey. They are not only artifacts; they are cultural milestones.”
He pointed to a rare, big-rebellion work from Tyb Mehta’s game-changing Diagonal The chain, when one of the iconic artifacts in the auction was asked to be exposed. “Painted in 1973, titled Oil on Canvas extends up to 70 x 60 inches and is all hallmarks of Mehta’s fully formed style: the minimum is yet emotionally dense, so far calculated. It is built at the height of a decade that defines their artistic identity again, it is a collector’s dreams and a collector’s dreams and a test in this PIVT, which is a test in this PIVT.
Payment of Sha Raza Provenakal, acrylic on canvas; 1974; 28.5 x 19.5 inch | Photo Credit: Special Arrangement
The auction, which was cured in six months from October 2024 to March 2025, includes work by Indian modernists from various generations and ideas – initial Bengal artists such as Sital Chandra Bandopada, as well as the Progressive Artists Group (PAG), which included Suja, Hussain, Raza and Ara. “The auction later has notable figures from generation artists such as Ganesh Pine and Bashtacharji such as Bengal schools, as well as remarkable figures like Gram Santosh, Sakti Burman and Krishane Khanna. Curns highlights the diverse and developed contributions within Indian modernism, which celebrates the specific contributions of Indian arts.”
When it comes to the maximum number of artifacts by an artist in the auction, four works by Thota Vacuntum, five by Ram Kumar and seven by Krishane Khanna. “The auction also provides more than one work by many other important artists such as MF Hussain, Sha Raza, K Ara, Satish Gujral. At the same time, the catalog also provides several other royal pieces, such as NS Bendre, Selose Mukerza, Sakti Burman.
MF Hussain’s untital; oil on canvas; 1970; 71 x 48 inch | Photo Credit: Special Arrangement
Talking about the selection criteria, he shares that this process is an assessment of the importance of each piece within the overall body of an artist’s work. “We check the factors as it was created in that period, its thematic resonance, and its stylistic significance. It is in combination with the exhibition and publication of the work and awareness of the publication history, perfection, and the situation – which contribute to all cultural and collective values. Azee on Hussain, whose actions have performed relevance and strong performance in both domestic and international auctions,” they say.
To cure the auction, the Estaguru takes into account the market-based criteria, including recent auction results, private sales, institutional acquisitions and detailed analysis of changes in collector demographics. “We consider the liquidity and price projection of an artist’s work, ensuring that each piece holds the potential value and not only an aesthetic appeal. It allows us to present a catalog that appeals to a comprehensive audience-to explore new buyers to gather new buyers to increase their holdings with blue-chip artifacts from unruly collectors-” Are.
Sital Chandra Bandyopadhyay’s untital; oil on canvas; 1930; 30 x 20 inch | Photo Credit: Special Arrangement
The painting in the auction includes MF Hussain’s untitled water color artwork from the Ghalib Book Series, which is estimated between ₹ 12 lakhs and Canvas in Canvas Painting on Untital Oil of Sital Chandra Bandyopadhyay, 1930 (between ₹ 25 lakh and ₹ 35 lakhs) in Canvas Painting on Undeed Oils of Sital Chandra Bandyopadhyay).
Since its establishment in 2008, Estaguru has been hosting several online auctions. The most expensive artwork of auction house has been sold till date DiagonalWhich achieved a record-breaking price of 25.29 crore, during the auction of his modern treasure in December 2022. Is there any estimate on the highest bid in this auction?
The auction will be held online from 23 April to 10.30 am to 8 pm on April 24.
Published – April 18, 2025 05:41 pm IST
