Osian's Masterpieces Series Auction

An exceptional painting by Tyeb Mehta depicting demon Mahishasura sold for a whopping Rs. 4.56 crore at an auction here in Mumbai, India. The work charged with visual and symbolist anxiety, generated spirited bidding and was the most expensive sale of the Osian's Masterpieces Series Auction.
The auction brought together a remarkable range of historically significant works of fine art by India's finest masters of modern and contemporary art, with a full house witnessing strong bidding for all the top slots.
All the major high  value lots sold well at strong prices. The auction held at this weekend registered a total value of Rs. 18.73 crore fulfilling the pre-auction expectations, according to Osian's. The relatively strong support from both the national & international collectors after the recession for the past two years, is a good sign of the recovery in the art market.
Art enthusiasts also bid fervently for works by Akbar Padamsee, SH Raza and Rameshwar Broota, with each of their works fetching well over one crore.