Largest Art Auction in history of India
By Kinjal Trivedi
September 2020 has seen the biggest sale at the art auction in the history of Indian Art.
Vasudev Gaitonde was one of the foremost abstract painters in India. His sense of silence, use of colours, movement of his wrist to give that accent of texture is unmatchable by artists around the world.
During his lifetime, Gaitonde has made so many paintings that has helped make Art Auction houses and art investors into the worth they are today. Never must the likes of Gaitonde think that their talent will help businesses establish their footing and holding in their times, decades and centuries later.
Pundole’s is a privately owned Mumbai based auction house founded in 2011. Pundole is recognised both locally and internationally as one of the leading auction houses specializing in Indian Art. It was started by a group of art professionals who combined their many years of expertise to offer Indian collectors a new local buying platform.
V. S. Gaitonde’s Untitled painting from 1974 sold at Pundole’s for 5 million dollars including buyers premium to an unknown buyer on the telephone. This is approximately 36 crores for one Gaitonde painting.
During these Covid times, when the market sentiment is nervous, the art house Pundole has made the largest sale in the history for the Glenbarra Art Museum in Japan.
Mallika Sagar, the dynamic lady is a specialist in Modern and Contemporary Indian art and is Pundole’s auctioneer. Mallika began her career at Christie’s and held the first sale of Modern Indian Art in New York in 2000 and was Christie’s first Indian auctioneer.