South Asian art auction sans buyer’s premium

Artiana will hold its third online auction from March 23 to 27

Image Credit:
Lavesh Jagasia with M. F. Husain's painting 'Islam'
Gulf News

Artiana, the UAE’s only home-grown auction house will hold its third online auction of South Asian Art from March 23 to March 27. The lots on offer include classical Indian and Gandhara sculptures from the second and third centuries, early Indian miniature paintings and rare works by leading South Asian modern and contemporary painters and sculptors.

Highlights include breathtaking ancient sculptures of Buddha and Indian deities, S.H. Raza’s 1988 painting, ‘Emergence’, which appeared on the cover of Alain Bonfand’s book, Raza; and a large museum quality work by M. F. Husain titled ‘Islam’, from his Theorama series. Estimated prices start at $800 for some miniature paintings.

A unique feature of Artiana’s auctions is that it does not charge a buyer’s premium, which typically ranges from 25 to 30 per cent of the purchase price. Thus, buyers have more leeway while bidding and sellers can get better prices.

The auction catalogue is available at www.artiana.com and those interested can also physically view the artworks at Artiana’s viewing gallery in Downtown Dubai.

The auction begins at 6pm on March 23 and final bids will be accepted between 6.30pm and 9pm on March 27. Buyers from around the world can place their bids whenever it is convenient for them during the auction. They can also bid on the move via Artiana’s state-of-the-art proprietary application software that can be downloaded from Google Play for Android devices and the Apple Store for iPhones and iPads. The software also allows buyers to place a ‘proxy bid’ stating the upper limit of their bid, and bids on their behalf until that limit is reached, freeing buyers from keeping a constant watch on the process.

Artiana was founded by Lavesh Jagasia, an art expert specialising in Modern and Contemporary South Asian Art, and founder of art investment consultancy, The Fine Art Advisory, and art publishing firm, The Serigraph Studio.

“This is the first time ever that a sale of classical South Asian art is taking place in the region, and we are delighted to have the guidance of world class scholars such as J. P. Losty, an expert in Indian Miniature Paintings, and Renzo Freschi, who specialises in Indian and Gandharan sculptures,” Jagasia says.

For more information write to info@artiana.com

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