$1.2m Raza painting sale heats up Asian art market

paulfrasercollectibles

2015-06-26 11:55:56

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$1.2m Raza painting sale heats up Asian art market

A successful Christie's sale of unique Asian art is the latest to create a buzz among art collectors

Art collectors should have their eyes and ears tuned to the Asian art market, as collectible works from the region continue to prove successful at auction.

Thistrend continued yesterday (March 23)at a Christie's auction of South Asian Modern and Contemporary Art, presenting 91 works from leading 20th-21st century artists from South Asia, India and Pakistan.

As we previously reported, Gestation, an acrylic on canvas painted in 1989 by Syed Haider Raza was among the most anticipated sales. It went toauction with an estimate of $600,000-800,000.

Gestation, 1989, by Syed Haider Raza, sold for $1,202,500

Depicting an arrangement of shapes and earthy colours mixed with the artist's trademark horizontal bonds, the work eventually realised an incredible final hammer price of $1,202,500.

It was sold to an anonymous bidder.

Works by leading contemporary artists such as Atul Dodiya and TV Santhosh also appeared in the Christie's sale.

Images:Christie's

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