ARTIANA – South Asian Art Auction | Over US$ 1.5 Millions in Sales | 103% Estimate Value Sold | 84% Lots Sold

Our recently concluded South Asian Art auction was a success, with 84% of the lots sold, over USD 1.5 million total sales and 103% estimate value sold.

For the complete auction result and analysis, please visit www.artiana.com.

Thank you for your bids! 

ARTIANA | South Asian Art | Online Auction – No Buyer’s Premium | Modern & Contemporary | Sale 1902 | 13 -17 June 2019

Inside ARTIANA’s Upcoming South Asian Art Online Sale

Published June 4, 2019 (widewalls.ch) in Widewalls Editorial: Collector’s Tip

Lavesh Jagasia (founder of ARTIANA ) standing in front of M.F. Husain’s ‘Kathak Dance Performance at the Maharaja Darbar’ (1989)

If you are a Widewalls reader, by now you know that your go-to auction house when it comes to Modern and Contemporary South Asian art is ARTIANA. This young, yet relatable Dubai-based venture is now preparing yet another sale dedicated to the masters of the Indian subcontinent and their works in a splendid variety of media.

M.F. Husain – Mera Piya Ghar Aaya Ho Ramji, 1996. Acrylic on canvas, 32 x 43 in. (81.3 x 109.2 cm.)

Here we are talking about some of the biggest names of the region, including Maqbool Fida HusainSayed Haider RazaFrancis Newton Souza and the Progressive Artists’ Group. Highlights of the sale belong to Raza’s 1974 painting Composition (estimate US$ 14,000 – 20,000), but also Husain’s rare Raj series – from it, the sale will offer Kathak Dance Performance at the Maharaja Darbar (US$ 350,000 – 550,000) and Andy Warhol versus Marilyn Monroe (US$ 250,000 – 350,000). Make sure you also do not miss Souza’s La Place Town Square (US$ 150,000 – 250,000) and calligraphies by Jamil Naqsh.

The South Asian Art auction will take place online from June 13 (6 pm) through June 17 (9 pm) UAE time.

As usual, ARTIANA will apply its No Buyer’s Premium policy (what you bid is what you pay) and will allow its buyers to “Bid Now and Pay Later”, thanks to FlexiPay. More on this can be heard from ARTIANA’s own Lavesh Jagasia, who talks to Widewalls about what makes this sale remarkable and what the buyers can expect.

The South Asia Art Auction of June 2019

Widewalls: What can you tell us about M.F. Husain’s “Raj” series, whose “Kathak Dance Performance at the Maharaja Darbar” painting is the star lot of this auction? Why is this work seminal?

Lavesh Jagasia: M.F. Husain painted images from the colonial period in India in the late 1980s. This series of paintings which we came to know as the Raj series, is the artist’s memories of the British rule in erstwhile India. This work is seminal as it was painted when Husain first worked on this series and created fine works during the period.

Husain grew up with this imagery and chose to portray the lighthearted moments of the British rule rather than the somber. This satirization and refusal to historicize subjects gave him the freedom to portray the confluence of cultures in a humorous but nonetheless edgy way and distinguished his art from other artistic attempts to portray the specific time period. Furthermore, the lot highlights an important aspect of Husain as an artist – that is his portrayal of India’s varied artistic tradition as a continuum. By focusing on Kathak, a form of Indian Classical dance, and juxtaposing it with the subject of the Raj we can clearly see Husain’s interest in merging dance, visual art, and history in his work.

Widewalls: What about “Andy Warhol versus Marilyn Monroe”? Could this be considered a nod to Western art?

LJ: Besides his own surroundings, M.F. Husain was updated on international trends and icons of Western Art. In this particular image from The Lost Continent series, he acknowledges the impact of big personalities and their iconography in the popularization of the arts, and in his own unique visual language expresses his take on it as an artist of the world.

In this painting, besides paying tribute to another great artist, Husain delves into the commercialization of the arts through Andy Warhol’s fascination with Marilyn Monroe and his usage of screen-prints to extend the reach of his art. The work, both inquisitive and allegorical, poses questions to the onlooker regarding the popularity of Warhol’s art; either due to his commercial printing method or the usage of a popular icon that made it sought after. Aptly titled, Andy Warhol versus Marilyn Monroe, Husain explores the relationships between consumerism, fame, and sensationalism in this piece.

Widewalls: The sale will also offer calligraphies of the recently deceased Jamil Naqsh. Will the artist’s market soar after his death, in your opinion? What has your experience on such cases been so far?

LJ: Yes, we are offering 3 lots from this series, each lot comprising of 4 calligraphy works by Jamil Naqsh from his Painted Word exhibition of 2013. The works composed of Islamic calligraphies, use words and phrases with profound religious meaning in the Muslim faith, rendered in the late artist’s unique and modern style.

Typically the expectation which has also been our experience is that the prices do move up as the works tend to become rarer due to the demise of the artist. A sudden increase in prices usually only happens when an artist dies unexpectedly, in other cases of artists who passed away due to old age, this has already been factored in by the art market hence the firming up of prices of their artworks happens gradually over a period of time.

Maqbool Fida Husain – Andy Warhol versus Marilyn Monroe, 2005. Oil on canvas, 72 x 90 in. ( 182.9 x 228.6 cm.)

Why You Should Buy With ARTIANA

Widewalls: What does the FlexiPay bring to your buyers?

LJ: There are multiple benefits buyers can get through our FlexiPay – ‘Bid Now Pay Later’ scheme as long as the clients have been pre-approved for this facility.

  1. All items offered in our auctions are eligible for deferred or installment payments under the installment scheme, which allows buyers to pay for artwork in installments ranging from 3 months to 24 months at a service charge of 1 percent a month, subject to paying a minimum 20 percent of the price as a down payment.
  2. Buyers have access to a higher Loan-To-Value (LTV) ratio of up to 80% of our lower estimate value as compared with up to 60% of our appraised value on all external art assets with the arrangement fee of 2% of the advance amount waived for Buyers at our auctions.
  3. Charges for evaluation, storage, and the conservator’s inspection report are complimentary for all ARTIANA clients.

Widewalls: How would you describe the process of gathering masterpieces of South Asian Art for an auction like this? What are the challenges? What is a must?

LJ: The biggest challenge is putting together a good selection of works for the catalogue, this is a combination of a treasure hunt and provenance checking on the shortlisted entries.

Another challenge is explaining to the prospective consignor that our one-sided 20% commission, which is deducted from the Winning Bid price is in effect actually less than them paying a lower sellers commission, and the auction houses then charging an additional 20-30% as Buyer’s Premium. In our case, the total transaction cost is reduced to almost half in comparison to our competitors. The usual response we hear is that the Buyer’s Premium is being paid by the Buyer for which we have to then explain that it still is part of the total price paid and usually all additional costs are factored in by prospective Buyers and their Bids are placed accordingly.

Whilst authenticity and quality are key to the items being offered, one has to make these works available at fair estimates, simultaneously meeting the sellers’ expectations.

Widewalls: What’s next for ARTIANA?

LJ: After our launch in March 2016, ARTIANA experienced a steady increase in sell-through rates through the years by maintaining our bi-annual South Asian sales and cementing our presence in the South Asian auction calendar.

With our expanding client base and continued diversification across collecting categories, clients can look forward to rare pieces and a wide range of artworks in our future auctions. After our inaugural international sale, Art Beyond Borders last March, we are planning to launch sales of Rugs and Carpets, Prints and Multiples, followed by an African Art auction in the latter part of the year.

ARTIANA announces Upcoming Online Auction of Modern and Contemporary South Asian Art – No Buyer’s Premium – 13-17 June 2019

Mr. Lavesh Jagasia, founder and managing director of ARTIANA, standing in front of M.F. Husain’s ‘Kathak Dance Performance at the Maharaja Darbar’ (1989) – the cover lot of the auction house’s upcoming South Asian Art auction in June.

ARTIANA, UAE’s first home-grown auction house for art and luxury collectibles, is offering 50 artworks from the Indian subcontinent in their South Asian Art auction on June 13 to June 17. Showcasing a broad and inclusive range of fine works in various media such as oils, acrylics and paper works, the auction features work by masters and leading contemporary artists from the region including M. F. Husain, S.H. Raza, F.N. Souza, and Jogen Chowdhury among others.

Leading the auction is a work from M.F. Husain’s rare Raj series – ‘Kathak Dance Performance at the Maharaja Darbar’ painted in 1989 with impeccable provenance; and another from the seminal Lost Continent series titled ‘Andy Warhol versus Marilyn Monroe’ (2005), a large work reflecting the artist’s thoughts about lost human values. 

M.F. Husain (1915-2011) – ‘Andy Warhol versus Marilyn Monroe’ – 2005 – 72 x 90 in. ( 182.9 x 228.6 cm.) – Oil on canvas – Lot 40

The collection also includes exceptional paintings by members of the Progressive Artists’ Group and their associates, providing a glimpse of the formative period in the development of Indian modern art. These include S.H. Raza’s 1974 painting, Composition, which is part of the culmination of the artist’s period of experimentation before the Bindu; an exceptional work by F. N. Souza from 1955, the apex of his artistic career, titled ‘La Place Town Square‘; and Ram Kumar’s semi-abstracted landscapes

S.H. Raza (1922-2016) – ‘Composition’ – 1974 – 16 x 10.5 in. (40.6 x 26.7 cm.) – oil on canvas
Ram Kumar (1924 -2018) – Untitled – 33 x 52 in. (84 x 132 cm.) – acrylic on canvas

ARTIANA will also offer one signature subject painting and 3 lots of calligraphies by the British based Pakistani artist Jamil Naqsh (who passed away recently); a sculpture from eminent artist Krishen Khanna, and a unique installation by Zarina Hashmi.

The collection will be sold through an online auction at www.artiana.com from June 13 (6:00 pm) through June 17th (9:00 pm) UAE time with a No Buyer’s Premium policy in an essentially ‘What You Bid Is What You Pay’ format. FlexiPay which allow buyers to ‘Bid Now Pay Later’ will also be available for eligible clients. (FlexiPay scheme details are available on their website.)

The catalogue can be viewed online, and viewings can be arranged by prior appointment. Collectors may place bids at ARTIANA’s website, or through the mobile app available on both Google Play for Android and the App Store for Apple devices.

For information on how to register and bid, visit their website at www.artiana.com; For assistance and inquiries, call Artiana’s Help Desk at +971 55 815 3030 or write to info@artiana.com

ARTIANA debuts Modern and Contemporary African art in Art Beyond Borders Dubai auction

ARTIANA presents the first selection of Modern and Contemporary African art within the upcoming Art Beyond Borders sale from March 28 – 31. This serves as a preview to the auction house’s long-term dedication to showcasing work by African artists.

Art Beyond Borders is an auction sale comprising works by established and mid-career artists from Africa, the Middle East, Central Asia, the Indian subcontinent and South-East Asia, focused on cross-pollination of art. The sale of 40 lots highlights an African art section presenting works by artists Kofi Agorsor (Ghana), Ablade Glover (Ghana), Ato Delaquis (Ghana), and, Muraina Oyelami (Nigeria).

ARTIANA is an online auction house that provides a credible and engaging auction platform sans boundaries, whilst redefining and streamlining the transactional process. It delivers to a global audience the excitement of art auctions through the convenient medium of the internet together with the benefits of Dubai’s business friendly environment, thereby creating a worthwhile opportunity for international collectors.

There is no buyer’s premium charged in the sale, so what you bid is what you pay. Registrations to bid in the sale can be done at www.artiana.com from March 28 – 31, 2019.

For further details, please email: africanart@artiana.com.

ABOUT THE ARTISTS

Kofi Agorsor (b. 1970)

Born in Accra in 1970, Kofi Agorsor is a contemporary artist from Ghana. He initially studied Architecture for two years before switching to Art at the Accra Ankles College of Art, where he obtained his degree in 1993. In his paintings, Agorsor uses bold and vibrant colors to reflect the daily lives of people in Ghana. His subject matter borders on the generic but rendered often in a buoyant, semi-abstract and witty manner. He has participated in several solo and group exhibitions, as well as auctions both locally and internationally.

Ato Delaquis (b. 1945)

Born in Cape Coast in 1945, Ato Delaquis is one of Ghana’s foremost artist. He was one of the leading  figures of the Ghanaian Renaissance and is known for his iconic paintings of horsemen, landscapes, as well as abstract works. As a prolific draughtsman, he has worked in a wide variety of media including prints, watercolor, and etchings. Ato Delaquis has exhibited widely and his works are in private collections in Africa, Europe, the Americas, and Australia.

Ablade Glover (b. 1934)

Ablade Glover is a Ghanaian artist and educator, regarded as a seminal figure on the West African art scene. He founded the Glover’s Artists Alliance Gallery in 1993 to showcase emerging talents and bring international attention to traditional and contemporary African art. He is a Life Fellow of the Royal Society of Arts in London and a Fellow of the Ghana Academy of Arts and Sciences.Glover has exhibited widely over several decades, and his work is held in many prestigious private and public collections, including at the Imperial Palace of Japan, the UNESCO headquarters in Paris and Chicago’s O’Hare International Airport.

Muraina Oyelami (b. 1940)

Muraina Oyelami was born in Iragbiji, Nigeria in 1940. Known as a master painter and as a great performing artist, he is one of the original products of the Oshogbo Art School. He studied at the Obafemi Awolowo University, Ile-Ife specializing in Theater Design, where he later taught traditional music from 1975 to 1987. Before his career in art, Oyelami was a founding member of the late Duro Ladipo Theatre Company performing as an actor and musician. Some of his works are in the Studio Museum in Harlem, New York; Staatlichen Kunsthalle, Berlin; National Gallery of Modern Art, Lagos, Nigeria; IWALEWA- Haus, University of Bayreuth, Germany; Museum of African Art, Smithsonian Institute, Washington D.C.; and Institute of Contemporary Arts, London among others.

Auction Catalogue – Art Beyond Borders – March 28 – 31, 2019

ARTIANA announces Art Beyond Borders auction | No Buyer’s Premium | 28 – 31 March 2019

Artiana announces its first auction for the year slated for March 28-31, 2019. Aptly titled, Art Beyond Borders, the sale will be the auction house’s inaugural international sale. It will feature 40 lots in total from artists from 15 different countries across the world. Estimates ranging from USD 600 to USD 20,000 for works in various and wide range of media will be available.

The cover lot is an untitled work by leading Middle Eastern artist, Mahmoud Hammad estimated at USD 20,000, other entries of Middle Eastern art include works by renowned painter and sculptor, Khaled Ben Slimane and French-Iraqi calligraphist, Hassan Massoudy. Also featured are Korean and Vietnamese art with a strong selection of contemporary works from leading artists alongside works from established Uzbekistan masters Bakhodir Jalal, Bobur Ismoilov, and Javlon Umarbekov.

A sculpture from South African based Bulgarian artist Rado Kirov together with works from popular African artists Ablade Glover and Kofi Agorsor, Indian modernists S.H. Raza and Paritosh Sen will also go under the hammer among others. 

The collection will be sold through an online auction at www.artiana.com from March 28 (9 am) through March 31st (9:00 pm) UAE time with a No Buyer’s Premium policy in an essentially ‘What You Bid Is What You Pay’ format. FlexiPay which allow buyers to ‘Bid Now Pay Later’ will also be available for eligible clients. (FlexiPay scheme details are available on the website.)

The catalogue can be viewed online, and viewings can be arranged by prior appointment. Collectors may place bids at ARTIANA’s website, or through the mobile app available on both Google Play for Android and the App Store for Apple devices.

For information on how to register and bid, visit their website at www.artiana.com; For assistance and inquiries, call Artiana’s Help Desk at +971 55 815 3030 or write to info@artiana.com

Auction Catalogue – Art Beyond Borders – March 28 – 31, 2019

Indian artwork sales rise 21.6% in 2018, SH Raza tops charts with Tapovan

Published January 14, 2019 (moneycontrol.com), by Tasmayee Laha Roy

With the economic outlook for 2019 remaining tentative, the Indian art industry is certain to witness a strong amount of trading

Art works brought India a reason to cheer in 2018 as sales recorded a 21.6 percent rise. According to the Artery India Annual Market Report 2018, out of 1,559 works up for sale in 2018, 1469 fetched Rs 685 crore. In 2017, out of 1,902 Indian artworks that went up for sale across the world, only 1680 got sold clocking sales worth Rs 563 crore.

“2018 has been a strong year, with sales reviving following the previous year’s slump that was recorded in the wake of demonetisation. The turnover also benefited from the comparatively richer quality of work consigned for sale in auction. The private sales domain recorded major activity, with the highest volume of sales in the past four years,” said Arvind Vijaymohan, CEO at Artery India, an art intelligence firm.

The top artist of 2018, was modern artist SH Raza with 67 artworks of his being sold for Rs 98 crore in the year gone by. Raza’s most expensive artwork sale was done by Christie’s at New York. The acrylic on canvas called Tapovan was sold for Rs 29 crore.

Online drive

Interestingly, online sales brought in more money than offline sale in 2018. While the turnover from online sale of Indian artwork stood at Rs 339 crore that from offline sales was Rs 318 crore. A lot of online auction houses across the world gained from this new wave of online sales in 2018. Out of 716 works offered online, 657 were sold. On the other hand close to 97 per cent of the 843 Indian art work offered on sale offline were sold.

Dubai’s online Indian artwork selling platform Artiana is an example. ARTIANA’s total auction sales in 2018, for their two South Asian Art auctions crossed the USD 3.5 million mark.

“Continued growth and engagement of new clients from within UAE, and India as well as other parts of the world, including many first-time buyers were equal contributors to the overall sales. Highest prices were bid for paintings by M.F. Husain’s Trinity of Mother Teresa ($320,000) and ‘Arjun and Sudarshan Chakra‘ (USD 300,000), works of other artists S.H. Raza and F.N. Souza performed well in the auction confirming the continued demand of modern Indian art,” said Lavesh Jagasia, managing director at Artiana.

2019 outlook 

“With the economic outlook for 2019 remaining tentative, the Indian art industry is certain to witness a strong amount of trading. In the scenario of the market slumping, there is certain to be a high level of distressed acquisitions, that will be conducted in the private sales channel. If the market holds, the surge in prices of the top 16 Modernists will continue its upward ascent, following after the charts from 2013 to current date,” added Vijaymohan.

ARTIANA’s auction sales turnover cross USD 3.5 million in 2018

Dubai – ARTIANA’s total auction sales in 2018 crossed the USD 3.5 million mark after the conclusion of the South Asian Art ‘Classical, Modern and Contemporary’ sale on 10 December 2018, which realized USD 1.8 million and achieved sell-through rates of 92% by lot and 102% by value. 

The first of the two South Asian Art auctions held in May was Artiana’s first white glove sale with a 100% sell-though rates and 111% of the total lot value sold. Both auctions were held with Artiana’s ‘No Buyer’s premium’ policy ensuring the minimum transaction cost for both buyers and sellers.

Growth continues

Continued growth and engagement of clients from within UAE, India, and other parts of the world – many of them first-time buyers, were equal contributors to the overall sales.

Highest prices were bid for paintings by M.F. Husain – ‘Trinity of Mother Teresa’ (USD 320,000) and ‘Arjun and Sudarshan Chakra’ (USD 300,000). Work of artists S.H. Raza and F.N. Souza also performed well in the auctions confirming the continued demand for modern Indian art.

Other established modernists Sakti Burman, Krishen Khanna and Ram Kumar completed the top ten list of highest prices realized.

Sculptures and company paintings attracted good interest from collectors throughout the year and opened up the accessibility of this genre to enthusiasts in the region.

Exceptional prices for Zarina Hashmi’s pieces were achieved on the back of increased demand for her works. The artist’s delicately executed prints, crafted through handmade paper, have become one of the most sought-after pieces for contemporary art collectors. Zarina and other leading printmakers work will be showcased in our upcoming Prints and Multiples Art Auction in early 2019. 

Future plans and engagement

The increase in the overall sell-through rate cements Artiana’s presence in the South Asian auction calendar whilst concluding another year of successful sales.

With its expanding client base and continued diversification across collecting categories, clients can look forward to rare pieces and wide range of artworks in the following year. Artiana’s line-up include Prints and Multiples, South Asian Art and Art Beyond Borders Auctions for 2019. For more details, visit the website at www.artiana.com.


ARTIANA – South Asian Art Auction | Over US$ 1.8 Millions in Sales | 102% Estimate Value Sold | 92% Lots Sold

Our recently concluded South Asian Art auction was a success, with 92% of the lots sold, over USD 1.8 million total sales and 102% estimate value sold.

For the complete auction result and analysis, please visit www.artiana.com.

Thank you for your bids! 

ARTIANA | South Asian Art | Online Auction – No Buyer’s Premium | Classical, Modern and Contemporary | Sale 1802 | 6 – 10 December 2018

MF Husain’s unseen works to be auctioned online by Artiana in December

Published November 17, 2018 (moneycontrol.com), by Tasmayee Laha Roy

Maqbool Fida Husain (b.1915), ‘Arjun and Sudarshan Chakra’ (circa 1980s). Estimate: $300,000-500,000

In a bid to make the deals lucrative for the buyers, Artiana’s finance arm is offering an installment scheme which allows buyers to pay for an artwork in installments ranging from 3 months to 24 months.

Known for their luxury collectibles, UAE’s Artiana is all set to bring to the international market some of the unseen works of Indian artist Maqbool Fida Husain during their December auction.

With 50 works on display in the online auction, the range will offer works of modern and contemporary artists from the Indian subcontinent including a suite of Company School paintings.

The highlights of the auction are MF Husain’s canvas from the 1980s titled ‘Arjun and Sudarshan Chakra’ and another work, ‘A Magician Dangles the Fortune Bird in a Cage’ from the seminal Lost Continent series. Both the works are new to the market for art connoisseurs. The other important works from prominent artists include SH Raza’s 1998 work ‘Prakriti’ and ‘Srijan’ from 2007 and FN Souza’s ‘Profile’ and ‘Red Houses with Front Garden’ from 1957.

Some other artists on display include Jogen Chowdhury, Jamil Naqsh and Zarina Hashmi among others.

While the ten Company School paintings are all priced at a base bid under $1000, the other works have a range of starting bids between $6000 and $2,60,000.

“The costliest of the lot is Husain’s Arjun and Sudarshan Chakra which is a 40inch x 60 inch acrylic on canvas and has the potential to sell for anything between $300000 and $500000. This is followed by one of his other works -A Magician Dangles the Fortune Bird in a Cage which is an oil on canvas painted in 2005. The starting bid for the same is $1,80,000 and has the potential to sell for anything between $2,00,000 and $3,00,000,” said Lavesh Jagasia, founder of Artiana.

In a bid to make the deals lucrative for the buyers, Artiana’s finance arm is also offering an installment scheme which allows buyers to pay for an artwork in installments ranging from 3 months to 24 months at a service charge of 1 percent a month after paying 20 percent of the price as down payment.