The highest price was achieved by V S Gaitonde's untitled, who was chased by four clients and sold to a telephone bidder for US $602,500.The second highest price went to Tyeb Mehta for "And behind me Desolation," which goes for US $350,000 followed by Husain's painting.
"The sale, which exceed the pre-sale estimate and was 90.9 per cent sold by value, confirms the growing confidence in the Indian market. We saw international bidding and buying, mainly from private collectors, with a invigorated presence from our trade clients," said Zara Porter-Hill, Head of Indian and Southeast Asian Art at Sotheby.
The Art Auction House sold 70 per cent of their plenty at the Asian sale. Additionally, in all three of their 2009 sales over 50 per cent of the plenty sold reached prices above the high pre-sale estimate.
The buyers were mostly Indian and US private clients and one European.
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