Amaya Indian art collection, valued at $7m, to star at Sotheby's



2015-06-26 13:09:03

Amaya Indian art collection, valued at $7m, to star at Sotheby's

Sotheby's first evening sale of Indian art will feature Amrita Jhaveri's Amaya Collection

The Amaya Collection of Indian art, compiled by renowned collector Amrita Jhaveri, is to be sold through Sotheby's in its first ever evening sale of Indian Art.

Tyeb Metha Amaya Collection sotheby's Indian art, such as this Tyeb Mehta triptych,is one of the fastest growing markets in the art world

Held on March 19 in New York, the sale will also be the first single-owner auction of Indian art at Sotheby's for more than a decade.

It total, the auction features 43 lots, estimated to bring $5m-7m. Proceeds from the sale will benefit the Khoj International Artists' Association in New Delhi.

Amrita Jhaveri became known as the first Indian employee at Sotheby's chief rival Christie's, and is married to the auction house's former CEO Charles Davidge.

Since departing from Christie's,Jhaveri has established one of the foremost collections of Indian art, which is continually exhibited around the world.

She commented: "This sale is a celebration of the very best of Indian art. The impulse to share these rare works with other collectors while continuing on the journey remains strong."

Paul Fraser Collectibles has previously reported on the rising interest in Indian art, as auction houses increasingly turn their attention to the fast developing country.

Leading the sale will be a Francis Bacon-inspired work from Tyeb Mehta, which is expected to sell for $800,000-1.2m. Created in 1982, the untitled triptych is said to have stemmed from Mehta's stay in London in the early 1960s, when he was greatly influenced by Bacon's work. According to Sotheby's, the piece "possesses a number of parallels" to Mehta's famous Santiniketan Triptych.

Collectors will be able to bid on a Francis Bacon triptych at Sotheby'son February 12, when it provides the highlight of the Contemporary Art Evening Sale.

Sign up to Paul Fraser Collectibles' free weekly newsletterfor the results of both sales and more of the latest on art collecting.

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