Financial Daily from THE HINDU group of publications
Wednesday, Dec 11, 2002
Financial Daily from THE HINDU group of publications Wednesday, Dec 11, 2002 |
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Variety
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Arts & Crafts Art auction tomorrow Our Bureau
BANGALORE, Dec 10 IT will be a busy day for art collectors in Bangalore on Thursday when Bowrings Fine Art Auctioneers will conduct their first art auction in the city. Titled the `House Contents Sale', the collection (227 items) offers a mix of furniture and works of art at affordable prices, according to Mr Martin Graham, Managing Director, Bowrings Fine Art Auctioneers. The furniture range includes beds, sofas, a sedan chair, dressing tables, wardrobes, dining tables, consoles, side tables, desks, mirrors, umbrella stands and a Goan palanquin. Among the pictures on offer are prints by Daniels, paintings from the Tanjore and Mysore schools, oleographs by Ravi Varma. There are also porcelainware, silverware and glass items. Bowrings is also offering Bangaloreans a chance to get their objects valued by experts on Wednesday. "This will give prospective clients an opportunity to bring in items have them valued and we will indicate the potential auction value," said Mr Graham. This auctioning house was set up in India 11 years ago and since then the auction business in the country has moved from relative obscurity to a significant presence in the international scene, explained Mr Graham. In the country, though Mumbai is the most mature market, Delhi and Bangalore are fast catching as there are a few discerning buyers here too, he said. For instance, in the `House Contents' auction which was held in Delhi recently, a Raja Ravi Varma was sold for Rs 56 lakh, which is a world record, and a M.F. Hussain was sold for Rs 2 crore. Talking of the international market, Mr Graham explained that the high import duty prevailing in the country prevented Indians from buying art items from abroad, even if they are of Indian origin. "There are many works of art by Tagore and Amrita Sher Gill which cannot be brought into the country because the import duty is 60 per cent."
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