Tuesday's India sale achieved a world record for any auction held in India totaling INR 97,69,90,000 / US$14.7 million and selling 95% by lot. The top lot of the evening was Untitled, a 1995 oil by the modern master Vasudeo S. Gaitonde which soared above its pre-sale estimate to sell for INR 29,30,25,000 ($4,416,502), breaking the previous world auction record for the category, set by Christie's in September this year, and for the artist, set by Christie's at the inaugural India sale in 2013.
Strong results were also seen for works by Tyeb Mehta, Nasreen Mohamedi, Jehangir Sabavala and Maqbool Fida Husain, while a 10th century granite figure of a Dvarapala, which realised INR 1,70,25,000 ($256,567), led the classical art section that was 99% sold in total.
Furthermore, INR 36,07,500 ($54,473) was raised in our special Christie's for Chennai auction to benefit the victims of the recent Tamil Nadu floods.
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