It was a two-day sale of South Asian modern and contemporary art held by Christie's including property from The Estate of Francis Newton Souza of India was 98 per cent sold by value and 91 per cent sold by lot. The sale on Thursday broke the record of Francis Newton Souza's 1955 painting, called Birth, which in June 2008 sold for £1,273,250, a world record for Indian modern and contemporary work of art till now.
The Head of South Asian art at Christie's Yamini Mehta said the previous record for Indian modern and contemporary art was a tie between Francis Newton Souza and Raza at about 2 and half million dollars which had been breached. The most valuable Indian painting had been confirmed as such.
The other painting that excited interest and the second highest price on Friday was Tyeb Mehta's Falling bird selling at well over 8 crores.
Six new Artist World Auction Record Prices were set, including Aisha Khalid, Sunil Gawde, Naiza Khan, Imran Qureshi, and Saren Pors/Aparna Rao.
While the collector, the wife of a prominent Indian industrialist, who's bought Raza's Saurashtra didn't want to talk on camera, she says this work will go back to India and will be displayed in a private museum for Indians to enjoy.