Saffronart Winter Online Auction 2013


The Saffronart  Winter online auction will take place  on December 11-12, 2013

Viewings are possible till December 12.Between 11:00 a.m. – 7:00 p.m., Monday to Saturday and Sunday by appointment, at the following address:
Saffronart.Industry Manor, 3rd floor ,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025

Preview and cocktails are on Thursday, December 5, 2013,7:30 p.m. onwards.RSVP, appointments, enquiries etc,are to be directed to or +91 (0) 22 2436 4113


Srivastava’s Hussains

wealthymattersGuru Swarup Srivastava, who created a stir in 2004 by signing up maverick artist late M F Husain to create 100 paintings worth Rs 100 crore is putting up for sale 25 pieces the master had managed to complete before the deal went awry.

Just two years after hitting the headlines with the deal, Srivastava plunged into infamy when the Central Bureau of Investigations launched a probe into a Rs 235-crore loan NAFED had extended to him to import iron ore, but a part of which he diverted to make real estate investments. Months later, Delhi police’s Economic Offences Wing booked him for defrauding two chartered accountants and the Enforcement Directorate booked him for money laundering.

Ringed by financial troubles, Srivastava was unable to fund his Rs 100-crore project with Husain. But the artist kept his side of the pact by delivering 25 paintings for the Rs 25 crore advance he had received. Srivastava now hopes to use these paintings to pay off his dues and start life afresh.

Incidentally, in 2006, due to some controversial paintings Husain had done, he was charged with hurting the sentiments of people and faced several lawsuits. Husain then left the country, living in self-imposed exile in Doha and London, where he died in June 2011, aged 95. Read more of this post

The Navratnas

Old Masters Nabratnas 1Old Masters Nabratnas 2The Indira Gandhi government declared the nine artists above as Navratnas and deemed their works of art “national treasures” through a legislation passed in 1972.The Antiquities and Art Treasures Act specified that from the date of enactment of the law, the works of these artists — some of whom were active in the Indian independence movement as well — were not to be taken out of the country. Most of the works of these artists today are displayed at government-run art galleries in India while around 3,000 others are in private hands. Because of this legislation, very few of the works of art created by the Navaratnas — only those that had been bought by foreigners before the enactment of the law — could be displayed at galleries or put up for bidding at auctions abroad. This is why names such as Rabindranath Tagore and Nandlal Bose have not got the kind of exposure, particularly over the past three decades, that a Hussain or Mehta commands today. This also meant that while the best works of the younger generation of artists began to command their price in crores, the works of the Navaratnas — the few that have been traded or bid for — sold at a fraction of that. Read more of this post

Pablo Picasso’s Painting Of Marie-Therese Walter


A canvas by Pablo Picasso called ‘Femme Assise Pres d’une Fenetre ,translated-‘Woman Sitting Near a Window’ went under the hammer, in London, yesterday evening. at Sotheby’s  ‘Impressionist and Modern Art sale’ and sold for £28,601,250. i.e. 45.76 million dollars.The original estimated cost of the painting, dated 1932 and depicting the artist’s muse, Marie-Therese Walter, had been between £25 million and £35 million.

Marie-Therese fascinates collectors because of her profound influence over Picasso.They embarked on a passionate affair in 1927 after meeting in Paris when Marie-Thérèse was 17 and Picasso was 45 and still living with his first wife, Olga Khokhlova. Their love affair is among the most compelling in 20th century art history.She became the subject of many of his most admired paintings and so the primary emblem of love, sex and desire in 20th century art.Marie-Thérèse  bore him a daughter, Maya, in 1935. But their relationship ended later that year when Picasso began an affair with Dora Maar, a surrealist photographer and artist.  Read more of this post

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