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The painting became 'one of the top three most expensive works by the artist to be sold in India'.
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The auction house hosted back-to-back live auctions through the day, achieving a combined sale value of Rs 59 crore (approximately $8.3 million). The Day Sale featured works from the estate of FN Souza, with 100 per cent of the lots getting sold.
The Gaitonde painting mentioned before was the star of the Evening Sale, which saw 88 per cent lots getting sold. Bhupen Khakhar’s Tradesman, 1986, “that was auctioned for the first time,” achieved the second highest value, selling at Rs 3.72 crores ($ 523,944).
Commenting on the sales, Dinesh Vazirani, Saffronart's CEO and Co-Founder said, “We are extremely pleased by the response to both our live auctions. The Day Sale achieved a phenomenal 'white glove sale' result where 100 per cent of all the works from the Estate of F N Souza sold at strong prices; followed by the Evening Sale with VS Gaitonde's 1982 masterpiece taking its place among the top three highest value works to be sold by the artist in the country.”