 "Economic Times (New Delhi, India)")
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Saffronart's sale of Indian masters rakes in Rs 37 cr.
From:
Economic Times (New Delhi, India)
| Date:
June 16, 2007
| COPYRIGHT 2007 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: Ashoke Nag
Jun. 16--KOLKATA, India -- Leading domestic art auctioneer Saffronart has scaled a total value of Rs 37 crore in its summer sale of modern Indian masters. Eighty per cent of the 130 lots on offer, translating to 104 lots, have been bought by buyers from India and abroad. Tyeb Mehta's Kali has swung the highest price of Rs 4 crore.
"There has been a very strong participation from new buyers with one-third of the bidders being new collectors....
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