India's high profile M.F. Husain's Untitled Woman and Horses sold for a record $441,600 as buyers blazed a bidding trail at Christie's second sale of International Modern & Contemporary Art.
The 2002 work sold to an international private collector at the auction Thursday at almost double the estimate of $200,000-250,000, a record for the auction.
Christie's sale, which fetched a total of $9.4 million, was ideally timed given the increase in global demand for works by Indian artists.
Among the 190 lots that were offered, 175 were sold registering a record break of 92 percent.
Following Husain was Ram Kumar, whose large landscape, an Untitled oil on canvas belonging to 1968, went for a handsome $329,600 from an estimate of $300,000-500,000,to a private Indian collector, a first for the artist.
Then there was abstract master Syed Haider Raza, whose Rajput House of 1965-66 went for $307,200 from an estimate of $120,000-180,000, again to an Indian private collector.
A world record was also set for J. Swaminthan's Untitled work at $240,000 from an estimate of $200,000-250,000 to an Indian tradesman.
Syed Haider Raza's moody "Lumière d'Eté" of 1958 sold for $204,000.
Christies were delighted also with the presence of Husain, who was in the room.
Strong interest was expected for works by prominent Gulf artists as well as pieces sourced from Morocco, Algeria, Tunisia, Libya, Egypt, Sudan, Lebanon, Syria, Iraq, Saudi Arabia, Bahrain and the United Arab Emirates.
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