18th century Indian painting achieves 6,000% increase on estimate

paulfrasercollectibles

2015-06-26 13:50:49

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18th century Indian painting achieves 6,000% increase on estimate

The 18th century Indian painting made $102,500 against a valuation of $1,700

An 18th century Indian painting that was expected to make 1,000 ($1,679) at auction has sold for 61,000 ($102,444) at Duke's in Dorchester, UK - an increase of 6,000%.

Indian paintingThe painting was discovered in the home of a local collector

Local publication The Blackmore Vale Magazine reported that the lot was discovered in the home of a local collector, although its true value was not obvious at first.

It transpired soon after the auctionthat the work was produced in Basohli in the mid 1700s - a centre for Indian art at the time.

Works made there are highly sought after among connoisseurs.

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