An art auction sans buyer’s premium

jamil-naqsh-woman-pigeon

Woman and Pigeon by Jamil Naqsh, oil on canvas, 2006

Published: October 7, 2016 (Gulf News)

By Jyoti Kalsi (Special to Weekend Review)

Art collectors interested in modern and contemporary South Asian works by masters can bid online from October 13

Dubai-based online auction house Artiana will hold its second online auction of modern and contemporary South Asian art from October 13 to October 17. The auction offers 60 lots of paintings and sculptures by well-known modern and contemporary artists from the Indian subcontinent. Highlights of the sale include a rare diptych from Akbar Padamsee’s “Mirror Image” series; S.H. Raza’s acclaimed work “Duvidha”; and important works by Indian, Pakistani and Sri Lankan masters such as M.F. Husain, F.N. Souza, Jogen Chowdhury, B. Prabha, Laxma Goud, Sakti Burman, Jamil Naqsh and Senaka Senanayake. A unique feature of Artiana is that it does not charge a buyer’s premium.
The auction catalogue is available at www.artiana.com, and the artworks can also be viewed by appointment at Artiana’s viewing gallery in Downtown Dubai until October 12.
Artiana was founded in March this year by Lavesh Jagasia, a Dubai-based art connoisseur who runs the art consultancy The Fine Art Advisory and The Serigraph Studio, which collaborates with leading South Asian artists to create high-quality serigraphs of their works.

“Artiana is the first homegrown auction platform of its kind in the region launched to create a seamless and fair interface between buyers and sellers across the globe. We want to introduce transparency and accurate price determination of rare and collectible artworks by established artists to help collectors acquire genuine works at fair prices. While most auction houses charge a buyer’s premium of 25 to 30 per cent on the final bid, our ‘No Buyer’s Premium’ policy means that buyers can bid with the assurance that there will be no additional charges over the winning bid amount. Artiana’s in-house delivery and logistics infrastructure further reduces the cost of the transaction, ensuring that both sellers and buyers get the best possible price,” Jagasia says.
The auction will begin at 6pm on October 13 and close between 7 and 9pm on October 17. Buyers can register at www.artiana.com, and they can place their bids in advance or at any time during the auction through Artiana’s state-of-the-art proprietary auction application software. They can also participate via the Artiana mobile app, which is available at the App Store and Google Play.

Jyoti Kalsi is an arts-enthusiast based in Dubai.
For more information and registration, visit www.artiana.com
For viewing appointments, write to [email protected]

Source: An art auction sans buyer’s premium