Syed Haider Raza's Tapovan sets auction record for a Modern Indian artist
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Syed Haider Raza's Tapovan sets auction record for a Modern Indian artist
Syed Haider Raza, Tapovan, 1972. Acrylic on canvas. Sold for: $4,452,500. © Christie’s Images Limited 2018.



NEW YORK, NY.- The second day of Christie’s Asian Art Week achieved strong results for both contemporary and classical Indian and South Asian Art with South Asian Modern + Contemporary Art totaling $10,289,250, the highest sale total achieved for the category this season, and Indian, Himalayan and Southeast Asian Works of Art totaling $6,528,000. There was active participation from registered bidders across 21 countries with representation from five continents including North America, South America, Europe, Asia, and Australia.

The top lots of the sales were a masterpiece by Syed Haider Raza, Tapovan, painted in 1972, which realized $4,452,500, setting a new auction record for the artist and category, and A Large and Important Silver-Inlaid Gilt Bronze Figure of Buddha, Shakyamuni, Tibet, circa 1400, which sold for three-times the low estimate to an in-room bidder for $3,612,500.

DAY 2 | ASIAN ART WEEK | MARCH 21 | AUCTION RESULTS
RESULTS:
SOUTH ASIAN MODERN + CONTEMPORARY ART 21 March | 10am | New York
Sale Total: $10,289,250 (£7,333,749 / €8,367,808 / HK$80,348,546) 83% sold by lot | 71% sold by value

RAZA’S TAPOVAN SETS WORLD AUCTION RECORD FOR ARTIST & CATEGORY
HIGHEST SALE TOTAL ACHIEVED FOR THE CATEGORY THIS SEASON

The top lot of the sale was a masterpiece by Syed Haider Raza, Tapovan, painted in 1972, which realized $4,452,500, setting a new world auction record for the artist and category. Other notable results included Tyeb Mehta, Two Figures, painted in 1994, which realized $1,812,500; Francis Newton Souza, The Politicians, painted in 1959, which realized $444,500; and Ranjani Shettar, Remenence from Last Night's Dream, executed in 2011, which realized $100,000, setting a world auction record for the artist who is currently showing an installation at the Metropolitan Museum in New York.

RESULTS:

INDIAN, HIMALAYAN AND SOUTHEAST ASIAN WORKS OF ART 21 March | 2pm | New York
Sale Total: $6,528,000 (£4,652,887 / €5,308,944 / HK$50,977,021) 74% sold by lot | 88% sold by value

The top lot for the sale was A Large and Important Silver-Inlaid Gilt Bronze Figure of Buddha, Shakyamuni, Tibet, circa 1400, which sold for three-times the low estimate for $3,612,500. Other notable results included A Black Stone Stele of Durga Mahishasuramardini, Northeast India, Pala period, late 10th/early 11th century, which sold for $912,500; and A Large Bronze Figure of Parvati, South India, Tamil Nadu, Vijayanagara Period, 14th/15th century, which sold for $300,000. Strong results were realized for the group of Indian miniature paintings from the Estate of Stafford Elias, which were 100% sold and collectively realized $556,250.










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