Indian Paintings Sell for $9.7 Million at Christies, Sotheby's

BLOOMBERG
By Pratish Narayanan

“Sprinkling Horses” by  Maqbool Fida Husain sold for $1.1 million at Christie's International in New York.

NEW YORK - Paintings by Indian artists including Maqbool Fida Husain and Jehangir Sabavala, who both died this year, fetched $9.7 million in auctions by Sotheby’s (BID) and Christie’s International this week as U.S., European and Asian buyers bid above estimates. A private U.S. buyer paid the top price of $1.1 million for Husain’s oil painting “Sprinkling Horses.” Husain, who began his career painting movie posters and had no formal training, died in June at the age of 95. The Christie’s sale sold 13 of Husain’s works, which fetched a total of $4.2 million. His works sold for a total of $557,500 at the Sotheby’s auction. [link]