Indian painting by Vasudeo S.Gaitonde sells for record Rs 293 million at Christie's auction
Posted on: 08:29 AM IST Dec 16, 2015
Mumbai: An oil painting by abstract artist Vasudeo S.Gaitonde sold for 293 million rupees ($4.4 million) at a Christie's auction in Mumbai on Tuesday, setting a new world record for Indian artwork.
Gaitonde's untitled painting from 1995 broke the previous record of $4.01 million paid for a Francis Newton Souza work at a sale in New York earlier this year, the London-based auction house said.
In this photograph taken on December 6, 2013, Vasudeo S. Gaitonde's "Untitled" (C), Rabindranath Tagore's "Untitled" (L) and Amrita Shergil's "Untitled-Hungarian Village Church" paintings are pictured during a media preview ahead of Christie's first auction in India, in New Delhi. Tuesday December 15, 2015's auction was Christie's third sale in India. ©AFP PHOTO/MANAN VATSYAYANA/FILES