M.F. Husain's 1954 painting 'Untitled (Gram Yatra)' was auctioned for $13.7 million, establishing a new record for Modern Indian art and significantly impacting the South Asian art market. The sale nearly quadrupled its high estimate, surpassing previous records with strong bidding competition. Christie's did not disclose the purchasing institution but noted the work's importance as Husain's most significant piece to emerge recently. 'Gram Yatra' captures diverse influences and everyday life in India, showcasing Husain's artistic depth from the 1950s, a pivotal decade in his career.
Husain's monumental 1954 painting 'Untitled (Gram Yatra)' sets a new record for Modern Indian art at auction, selling for $13.7m.
The sale of 'Untitled (Gram Yatra)' nearly quadruples its high estimate of $3.5m, marking a landmark moment for the South Asian art market.
Christie's spokesperson revealed that the record-setting painting was pursued by five bidders and ultimately sold to an unnamed institution.
According to Nishad Avari from Christie's, 'Untitled (Gram Yatra)' is the most significant work by Husain to reach the public market in a generation.
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