Auctioneer Saffronart is showcasing a selection of important works by modern masters and contemporary artists at its Summer 2012 Art Auction.
The online sale on June 19-20 features a total of 70 lots by 34 artists with a total estimate of Rs 15.90 crore ($3.1 million) to Rs 20.75 crore ($3.9 million).
Among the highlights of the auction are V S Gaitonde’s “Untitled” (1971), S.H Raza’s “Encountre” (1985), Bharti Kher’s “Indra’s Net Mirror 8” (2010), and Subodh Gupta’s “Untitled” (2007).
Works by modern painters - M F Husain and Ganesh Pyne - as well as contemporary artists - Surendran Nair and Jitish Kallat - will also figure in the crop of works on sale.
Reclusive modern Master Gaitonde’s untitled work on canvas, which he executed in the year 1971, features on the front cover of the auction catalogue.
Another highlight is S H Raza’s “Encountre”, painted in 1985, and the painting is estimated at Rs 2,00,00,000 - Rs 2,50,00,000 ($370,375 - $462,965).