MODERN INDIAN ART October 15 16, 2016 AstaGuru ONLINE AUCTION www.astaguru.com MODERN INDIAN ART October 15 – 16, 2016 Sale Guide All bidding will take place on www.astaguru.com Institute of Contemporary Indian Art All lots are published in this catalogue and may be viewed ALL LOTS CAN BE VIEWED on the website. Monday, October 10, 2016 All lots can also be viewed at Institute of Contemporary 11.30 am - 7.00 pm Indian Art (ICIA) in Mumbai. Institute of Contemporary Indian Art ICIA Building, Rampart Row AUCTION DATES Next to Rampart House, Kala Ghoda Start : Mumbai - 400 023. India Saturday, October 15, 2016 10:30 am IST (1:00 am US Eastern Time October 15, 2016) INQUIRIES Close : Anthony Diniz Sunday, October 16, 2016 8:00 pm IST [email protected] (7:30 am US Eastern Time October 16, 2016) Tel: 91 - 22 - 22048138 / 39 Please Note that bidding closes at different times Fax: 91 - 22 - 22048140 according to lot groups. These timings have been listed in the Bid Closing Schedule. (Div. of Safset Agencies Pvt. Ltd.) The Antiquities and Art Treasures Rules 1973 - License No. 20 ICIA Building, Rampart Row Next to Rampart House, Kala Ghoda, Mumbai - 400 023. India ASTAGURU TEAM Buying at AstaGuru Estimates Closing and Winning Bid ! Estimates are based on an average market value of the lot. ! Winning bid is the last and highest bid at which the lot has closed. ! These are provided only as a guide for buyers. ! No new bids can be placed after the close of a lot. ! Buyers should not rely on estimates as a prediction of actual price. ! The closing bid is considered the winning bid only if the bid exceeds the ! Estimates do not include Buyer’s Premium. reserve price. ! All winning bids shall be posted on the website after the close of the auction. Reserves ! The Reserve price is the minimum price at which the lot shall be sold. Bid Cancellation ! ! The reserve price confidential and will not be disclosed. Once any bid has been placed, it cannot be cancelled. ! AstaGuru reserves the right to cancel any bid in order to protect the efficacy of Buyer’s Premium the bidding process. ! There will be a 15% buyer’s premium calculated on the hammer price at the close of the auction. Buyer’s Premium ! ! For all lots taxes are payable on the buyer’s premium at the applicable rate, In addition to the hammer price, the buyer agrees to pay AstaGuru the buyers VICKRAM SETHI TUSHAR SETHI DIGAMBER SETHI included in the invoice. premium calculated at 15% of the winning bid value (hammer price) on each lot. CHAIRMAN CEO COO ! Bidding Service tax on the buyer’s premium shall be applicable for paintings Pre –Registration and Verification. purchased within India. SPECIALISTS ! Prospective buyers should be registered and verified in order to bid. After the Sale ! ! If you have registered before, you will still need to pre-register and accept the If you have won a lot you shall be informed via email after the auction has CLIENT RELATIONS terms and conditions for the sale. (Use your previous login Id) closed. ! ! Fill the form online in order to pre-register, or call AstaGuru You shall there after receive an email with the invoice stating buyers premium along with the related taxes. ! Once you have pre-registered a representative will call you to verify your ! details. If you are the winning bidder, you are legally bound to purchase the item from AstaGuru. Please note, that purchases will not be shipped out until full ! If the representative cannot reach you, an email will be sent. payment has been received and cleared. ! Please note that if this process has not taken place you shall not be given bidding access. Invoicing ! In case AstaGuru feels that it has not been provided with satisfactory ! All details for the invoice are to be provided prior to the auction. information to give access for bidding, it will request a deposit of INR ! After the sale, the Buyer as invoiced is required to pay the amounts in full 500,000 or the US$ equivalent in order to give bidding access. (including the additional charges). ! AstaGuru.com reserves the right to give bidding access and can refuse ! No lot shall be sent without payment being made in full. bidding access as well. ! All registrations should take place 24 hours before the auction. Shipping and Insurance ! Once you are accepted you shall receive an email confirming your bidding ! SONAL PATEL SNEHA K GAUTAM MAMTA RAHATE SUNNY CHANDIRAMANI Price estimates do not include any packing, insurance, shipping or handling access along with your Login Id and password. charges, all of which will be borne by the buyer. [email protected] [email protected] [email protected] [email protected] ! Shipping will be charged on courier rates and are determined by the size, Absentee Bids weight and destination of the package. ! BUSINESS STRATEGY MARKET ANALYST MARKETING PR & BUSINESS DEVELOPEMENT You may place an absentee bid, by faxing the written bid form available online and in the printed catalogue. Duties & Taxes ! All bids must come in 24 hours before the auction. ! All duties and taxes shall be borne by the buyer. Opening Bid Sale in India ! Opening Bid is the value at which the auction house starts the bidding of each lot. ! All sales in India shall attract 12.5% VAT on the winning bid and 14.5% service ! Opening bid is 20% lower than value of the lower estimate. tax on the buyer’s premium. Bidding Online International sales ! ! Once you have identified the lot that you would like to bid on, click on “Bid There shall be no VAT and Service tax in International sales. Now” to confirm your bid at the value listed. ! Payment This is where you participate in the bidding process, by entering the next valid ! bid each time you are out-bid. Buyers will be required to complete payment within a period of 7 business days from the receipt of the invoice via email. ! The next valid bid will be at a 10% increment in value of the last valid bid. ! Any delay in payment will be liable for a 2% interest charged per month and a ! All lots have bid history available to be viewed. SIDDANTH SHETTY MANALI SONI ANANDITA DE TUSHAR DALVI storage charge of 2% per month. [email protected] [email protected] [email protected] [email protected] Bid Increments Delivery / collection of purchase ! All bids will have an increment of 10% of the current valid bid. Works will be shipped within 7 days of the payment being cleared. CONTENT EDITOR ADMINISTRATOR Personalized Bid Notifications Buyers may choose to collect their purchase from AstaGuru in Mumbai within 7 ! By clicking on 'My Bid Summary', which is your personalized bid page, you days from the date of the sale. may choose how frequently you would like to be notified of a change on your Buyers who have completed payment formalities and have not taken delivery of bid status. their art works from AstaGuru within 30 days of the completion of payment formalities, will be charged demurrage @ 2% per month on the value of the Bid History artworks. ! Bid history indicates the value recorded for each lot since the start of the auction. ! Bid History will not be displayed once the auction has closed. Participate in our next auction If you are interested in consigning works from your collection to our next sale, Currency of Bidding please contact us at [email protected] or at the auction help desk +91 22 ! Bids can be placed in US Dollars (USD) or Indian Rupees (INR). 22075232. ! Buyers in India must pay for their purchase in INR and all other buyers must If you would like to stay informed of AstaGuru’s upcoming events, please pay in USD. register with us online. SIDHANT NAYANGARA ANTHONY DINIZ [email protected] [email protected] JAMINI ROY 1 1887 - 1972 UNTITLED 22.5 x 57.5 in (57 x 146 cm) Tempera on board Circa 1960 Rs. 15,00,000 20,00,000 US$ 24,194 32,258 Signed : Bottom Right This lot is a National Art Treasure - Non Exportable Item (payment only in Indian Rupees) Exhibited & Published Past Present on the Future of Indian Art, Lalit Kala Academi, 2007 Provenance From an important delhi based collection acquired from Dhoomimal Art Gallery, New Delhi. JAMINI ROY 2 1887 - 1972 UNTITLED 23 x 31.5 in (58.4 x 80 cm) Tempera on cane weaving pasted on board Circa 1960 Rs. 8,00,000 12,00,000 US$ 12,903 19,355 Signed : Bottom Right This lot is a National Art Treasure - Non Exportable Item (payment only in Indian Rupees) Provenance Acquired directly from the artist in Calcutta in 1961 by Mr Olivier Romieu whilst he was working for the Schneider Group in India. Acquired by the present owner from Bonhams. NANDALAL BOSE Born in the 1892 in Bihar, Nandalal Bose s art was Shailendranath Dey, Durga Simha and many synthesised based on the plethora of experiences more artists from that period. At the behest of he imbibed both as a student of a great teacher Rabindranath Tagore he became the principal and as a great teacher to many students. So to of Kala Bhavan. His focus was to awaken the speak his contribution to Indian art is not limited in creative potentials of each individual which he his capacity as an artist. His figure occupies an initiated by drafting the syllabus of the school and equal degree of reverence as an overall Indian enabling their fledging artistic journeys to take artspace architect.