Spring Auctions 2021

What documentation will I receive with my purchases? What are some of the symbols used next to the lots in
auction?
Upon confirmation of delivery or receipt of shipment, we
will send you the invoices for your purchases along with (i) Lots marked with indicate that Saffronart owns the
any relevant documentation for the Lot that has been lot in whole or in part or has an economic interest in
mentioned in the Lot details. Please note that Saffronart the lot equivalent to an ownership interest.
does not issue any authenticity certificates and does not
provide artist authenticities either. (ii) Lots marked with are not situated in India and
therefore, may only be bid for and purchased in
What if my shipment reaches damaged? USD. Persons residing in India, wishing to bid in USD
must be eligible under the various foreign exchange
All purchases from this sale are final. In the unlikely event of regulations to make payments overseas. Please
your receiving a damaged product, please notify Saffronart contact Saffronart for further details.
directly within five days of receipt of the Lot. Please call
or email us at any of our locations mentioned in the Sales How do I participate in your next auction?
and Enquiries section. If Saffronart does not receive any
notification within 7 business days of delivery, it shall be If you would like to register to bid or consign to any of our
assumed that the Lot has been received in good condition, upcoming auctions please contact any of our locations
and no claims will be entertained. listed in the Sales and Enquiries section.

If you would like to stay informed of Saffronart’s upcoming
events, please register with us online at saffronart.com.

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CONDITIONS FOR SALE

These conditions for sale set out the terms on which We 2.2 Making a bid by raising one’s hand or paddle in the
offer the Lots listed in this catalogue for sale on behalf auction room, submitting an absentee/proxy bid,
of the seller, and if you make a successful bid, will form a communicating a bid over the telephone to Our
contract for sale between you and the seller. representative or bidding on Our Website and/or
through the MobileApp constitutes an irrevocable
By participating in this auction, you acknowledge that you offer to purchase a Lot, and the acceptance of a bid
are bound by these conditions for sale as listed below and as the winning bid by Us shall result in an enforceable
on Our Website saffronart.com. You will find a glossary contract of sale between Us, acting solely as the
at the end explaining the meanings of the words and agent of the seller, and the winning bidder.
expressions which are in bold.
3. Catalogue Descriptions and Condition of Lots
1. Eligibility and Compliance
3.1 We offer all Lots for sale at the auction on an “as is”
1.1 We have been granted a valid licence under the basis, meaning that each Lot is sold with all existing
Antiquities Act and Rules for conducting the faults and imperfections. We encourage all potential
auction of Lots which are Antiquities and for dealing buyers to inspect each item carefully before bidding.
in Antiquities as a part of the Lots being auctioned.
3.2 Size description/s of all the Lots featured in the
1.2 We have verified the valid registration of the Auction Catalogue are approximate. We encourage
Antiquities in the name of the relevant sellers all potential buyers to inspect each item carefully
as required under the Antiquities Act and before bidding.
Rules.
3.3 Any statements made by Us, including by Our
1.3 We will have no ownership interest in any Lot which is representatives/employees, about any Lot, whether
an Antiquity, till the receipt of full payment by Us (in orally or in writing, concerning attribution of such Lot
our capacity as the auctioneer working on behalf of to, for example, any school of art or craftsmanship,
and under directions of the seller) in respect of such country or origin, history, provenance or condition,
Antiquity from a winning bidder in accordance with are only expressions of Our opinion or belief. Such
paragraph 6.7 below. Upon receipt of full payment opinions or beliefs have been formed honestly in
by Us from the winning bidder, the ownership of accordance with the standard of care expected of an
the Antiquity along with its registration (as required auction house, having due regard to the estimated
under the Antiquities Act) will be transferred/ value of each Lot. We have not carried out any
delivered by the Seller to the winning bidder in exhaustive research or analysis on any Lot to be sold
accordance with the provisions of these conditions in this auction, and potential buyers should seek
for sale. appropriate advice on the condition of each Lot from
their own professional advisors.
1.4 The possession of the Lots which are Antiquities has
passed from the respective sellers to Us within the 3.4 For the convenience of bidders, We provide
territory of India in accordance with the provisions condition reports on Lots upon request free of
of the Antiquities Act and the Rules, and the sellers charge. The report includes Our bona fide opinion
have intimated the Archaeological Survey of India on the condition of the Lot and is not an alternative
of such transfer of possession of the concerned to viewing and inspecting a Lot by a bidder, or a
Antiquity from such seller to Our designated bidder’s duty to seek independent advice on the Lot,
premises. including its description, condition and authenticity.

2. Our role as the agent of the Seller: 3.5 The bidders undertake to:

2.1 We undertake to sell Lots through this auction as (i) inspect and satisfy themselves prior to the auction as
agents for and on behalf of sellers. Unless stated to the condition and description of the Lot;
otherwise, We have no ownership interest or any
other financial interest in any of the Lots. (ii) rely on their own judgment as to whether the Lot
matches its description; and
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(iii) not rely on an illustration of any Lot given in the limit, if any, and will not be allowed to bid further if
Auction Catalogue. their bidding limit has been exhausted.

3.6 Neither We nor any of Our Affiliates, agents, 4.6 All bidders are required to provide complete and
representatives, employees or directors shall be liable accurate invoicing details to Us at the time of
for errors or omissions in any of the representations registration for the auction. Invoicing details, once
made in the Auction Catalogue or otherwise, with registered, will not be changed. Winning bidders shall
respect to the authenticity, description or condition be invoiced based on details provided at the time of
of any Lot for sale through this auction. registering for the auction.

4. Viewing the Lots and Bidder Registration 4.7 New bidders are advised to register at least 48 hours
prior to the bid. Know‒Your‒Customer (KYC)
4.1 All Lots for sale are featured in the Auction documents and/or financial reference letters are
Catalogue. The number listed next to each image is required for individual and corporate clients and We
the Lot number and should be used as a reference will not grant bidding access if the bidder registration
during bidding, or for any information requests. The and KYC procedures are not complete.
Lots in this sale may be viewed through any of the
following: 5. Bidding

(i) Viewings – details listed in the ‘Sales and Enquiries’ 5.1 Our auctioneer will accept bids from the bidding
section; room, from telephone bidders, from online/mobile
bidders, and absentee/proxy bids submitted in
(ii) the online Auction Catalogue; advance of the auction, either online or through a
written form. Our auctioneer has complete discretion
(iii) the printed Auction Catalogue; and on whether to accept an online/mobile bid, a room
bid, a telephone bid or an absentee/proxy bid at any
(iv) the mobile Auction Catalogue. given time. Bids once placed by a bidder may not be
cancelled. We reserve the right to reject, accept and/
4.2 We may withdraw any Lot before, during, or after or cancel a bid at Our sole and absolute discretion.
the auction, if We have reasons to believe that
the authenticity of the Lot or the accuracy of the 5.2 Bidding in the Room: All approved bidders, including
description of the Lot is in doubt, or if there is a those who have registered online, will be handed a
breach of Our terms of business, or if We otherwise paddle to bid in the auction. Please bring a proof of
believe, in Our sole discretion, that it would be identity to collect your paddle. Registrations will be
improper to include the Lot in the auction. made open 30 minutes prior to bidding.

4.3 All Lots shall be sold subject to the Reserve Price. If 5.3 Bidding Online: Bidders may view and hear the
the winning bid is below the Reserve Price, the Lot auction on their PC or Mac with Our real‒time
shall be considered unsold. The Reserve Price on online video feed from the auction room. Online
each Lot shall be confidential and We shall have no bidders may place a bid by clicking on the “Bid
obligation to disclose the same to any bidder. Now” button when their Lot of interest is open for
bidding. If their bid is accepted by Our auctioneer, it
4.4 We have the sole and absolute discretion to (i) will be recorded. We do not accept any liability in the
provide bidding access, whether in the saleroom, unlikely event that an online bid is not executed or
online, via telephone or through an absentee/proxy executed incorrectly.
bid; (ii) provide entry to the auction room and assign
paddles; (iii) disallow bidders from entering into the 5.4 Bidding on the Telephone: We accept requests from
auction room or from bidding; and (iv) ask bidders to bidders to place bids on the telephone with Our staff
surrender paddles at any time. depending on availability. To avail of this service, you
must be registered as a bidder in accordance with
4.5 We may set limits on the value of bids that may be paragraph 3 above. Please note that the number
made by a bidder and/or require payment guarantees
or deposits as a precondition to giving bidding access 151
to a bidder. Bidders will be informed of their bidding

of telephone lines available for telephone bidding valid. We shall not be liable for any loss of information
may be limited and this facility is provided at Our due to the Technical Downtime. The data logs
sole and absolute discretion. We do not accept any of Our server will determine the duration of the
liability in the unlikely event that a telephone bid is Technical Downtime. Any determination made by
not executed or executed incorrectly, or in the event Us in respect of recording of bids shall be final.
of faulty telephone connections or the bidder not
being reachable. 5.9 Mobile and Internet Networks: Due to the nature
of mobile and internet traffic, there may be an
5.5 Bidding on the Mobile Application: Bidders may unpredictable time‒lag between a bidder placing a
download Our MobileApp onto any mobile bid, and that bid being received by Us. We accept
device that supports Android and iOS, and use it no liability for such time lags owing to mobile and
to place advance bids during the auction. To avail internet networks.
of this service, you must be registered as a bidder
in accordance with paragraph 4 above. We do not 5.10 Bidders are advised to keep their login ID, password
accept any liability in the unlikely event that a bid and paddle secure at all times. We will hold the
through the MobileApp is not executed or executed bidder responsible for all bids placed by using their
incorrectly. paddle or login ID and password, whether via Our
Website, through the MobileApp or in the sale
5.6 Absentee/ Proxy Bids: Bidders may place bids prior room.
to the sale either online or in writing by submitting
the absentee/proxy bid form. Absentee/proxy bids 5.11 Our auctioneer may place bids on behalf of sellers
may be accepted or refused at Our sole and absolute either by placing consecutive bids or by placing bids
discretion. in response to other bidders, provided such bids are
less than the Reserve Price. Our auctioneer will not
5.7 Currency of Bidding: place bids on behalf of the seller for Lots that are
offered with no Reserve Price.
(i) Bids for Lots located in India may only be placed in
Indian Rupees (INR). 5.12 At the discretion of Our auctioneer, proxy bids
submitted on “no reserve” Lots will be executed
(ii) Bids for all out of India Lots, marked with the symbol at a minimum of 10% of the lower estimate of
, may be placed only in US Dollars (USD). the relevant  Lot  if there is no competing bid, and
provided that the proxy bid amount is greater than
(iii) The foreign currency exchange rate used is constant such minimum value.
during the auction, and has currently been set at 1:72
(USD:INR). Prior to the start of the auction, We may 5.13 Our employees may not bid in the auction once the
at Our discretion change the exchange rate used, auction has started. They may, however, submit an
based on fluctuations in market exchange rates. The absentee/proxy bid for an amount which may be
estimates for individual Lots have been ‘rounded off’ equal to or above the lower estimate of a Lot before
for ease of reference and may not reflect the exact the auction commences. Once the auction has
exchange rate used for bid calculations. started, they may not increase their bid or alter it in
any way. Our employees may bid in charity auctions
5.8 Technical Downtime: In the unlikely event that Our that are held on Our auction platform.
Website or MobileApp is inaccessible to bidders or
partially disabled due to Technical Downtime at any 5.14 Sellers are not allowed to bid on the particular Lot/s
time, the auction will continue in the saleroom, unless they have consigned otherwise than as permitted
specifically discontinued at Our sole and absolute under these conditions for sale.
discretion. Bidders may contact Us during such
Technical Downtime to bid by telephone, subject to 5.15 A currency converter may be in operation in the
availability. We accept no liability for any Technical saleroom for the convenience of bidders. We accept
Downtime. Online or mobile bids recorded prior to no liability for any malfunction in the currency
or after any Technical Downtime may be treated as converter.

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5.16 We and Our auctioneer (acting on Our behalf) be incurred by Us, if any, including shipping and
have the right to exercise reasonable discretion in handling of the Lot and additional levies.
setting bid increments, accepting and refusing any
bid, advancing the bidding, withdrawing or dividing 6.2 The title to the Lots marked with   shall pass from
any Lot, combining any two or more Lots, and in the seller to Us outside the territory of the United
the case of error or dispute, during or after the sale, States of America.
determining the successful bidder, continuing the
bidding, cancelling the sale or reoffering and reselling The title to the Lots purchased shall pass to the
the item in dispute. If any dispute arises after the sale, winning bidder at the time that bidding is closed for
then, in the absence of any evidence to the contrary, each Lot and such winning bidder shall thereafter
the sale record maintained by Us and Our auctioneer assume full risk and responsibility for such Lots. In
will be conclusive. any event, the Lots purchased will not be released
or shipped out to the winning bidder or his
5.17 Any new bid will normally be accepted at a value representative until the winning bidder has fulfilled
greater than the current highest bid by a minimum his payment and other obligations as described in
increment, which applies to each bid value. The these conditions for sale.
next valid bid amount is the current highest bid
plus the minimum increment value. Our auctioneer 6.3 In respect of each sale at the auction, We shall charge
may, from time to time, allow a bid in the saleroom a Buyer’s Premium calculated at the rate of (i) 20%
at a lower or higher increment than the minimum of the winning bid value of up to and including INR
increment. Online and mobile bids however, are 20,00,00,000/ USD 2,700,000, (ii) 15% of the winning
accepted only at the next valid bid based on the bid value in excess of INR 20,00,00,000/ USD 2,700,000
minimum increment. up to and including INR 30,00,00,000/ USD 4,000,000,
and (iii) 12% of the winning bid value in excess of INR
5.18 Subject to the discretion of Our auctioneer, the 30,00,00,000/ USD 4,000,000. A GST applicable on the
highest bidder accepted by Our auctioneer will be Buyer’s Premium shall be payable by the winning
the winning bidder and the fall of Our auctioneer’s bidder on Lots located and shipped within and/or
gavel shall mark the close of bidding on each Lot. from India.
Our auctioneer may, at his/her discretion, re‒open
bidding on a Lot after the fall of the gavel if a higher 6.4 The winning bidder shall be invoiced based on details
bid placed prior to closing was inadvertently not provided at the time of registering for the auction.
accepted. For lots located in India, winning bidders located in
India will be invoiced in INR and all other winning
5.19 We and Our auctioneer (acting on Our behalf) may, bidders will be invoiced in USD. For all out of India
at Our sole and absolute discretion, choose not to lots, marked with the symbol , winning bidders
award the winning bid to the winning bidder with will be invoiced in USD. Payments must be made in
the highest bid, if We deem it necessary to do so. the currency on the invoice in any of the following
modes of payment.
5.20 We shall retain the right to display the results of the
sale and Lot details sold by Us, including catalogue For INR payments
descriptions and prices on Our Website at all times,
including after the completion of the sale. We regret 1. Cheque/Demand Draft
that We cannot agree to requests to remove these
details from Our Website. 2. RTGS/NEFT

6. Completing the Purchase 3. Credit card: up to INR equivalent of USD 5,000

6.1 We will raise invoices on the winning bidder for the For USD payments
Sale Price and Buyer’s Premium, applicable taxes on
sale of Lots and other additional charges that may 1. Cheque

2. Direct wire transfer

3. Credit card: up to USD 5,000

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NOTE: Payments in excess of USD 5,000 must be your convenience only, and We do not accept any
made through a wire transfer or cheque. We and Our liability for errors or for failing to mark the Lots.
Affiliates will not be held responsible for any refusal
or failure to accept modes of payment not outlined 6.8 Non payment: In case payments are not received
above. within 7 business days of each invoice, We shall
treat the same as a breach of contract of sale by
6.5 The winning bidder shall pay the Sale Price and the winning bidder, and the seller may, in such an
Buyer’s Premium in full (including the applicable event, authorise Us to take any steps (including the
taxes and other charges, if any) within 7 (seven) institution of legal proceedings), as it may deem to
business days from the date of invoice. No shipment be appropriate to enforce payment by the winning
or delivery of the Lot will be made if the Sale Price bidder. In addition, the winning bidder will be
and Buyer’s Premium (including the applicable taxes charged demurrage at 1% of the total value (winning
and other service charges, if any) are not received by bid plus Buyer’s Premium) or INR 10,000 per month,
Us and until all proper documentation in connection whichever is higher, till the date of actual payment.
with the sale of the Lot has been completed. We will
not accept payments from any parties other than the 6.9 Failure to collect: If the winning bidder informs Us
winning bidder as recorded on the invoice. Due to that he/she wishes to collect the Lot from Us in
the prevailing COVID‒19 global health crisis, buyers person and if such Lot is not collected by the winning
can expect some delay in shipping and delivery of bidder within 30 days of the payment formalities
the purchased Lot/s. being completed, We shall arrange for storage of the
Lot at the winning bidder’s expense, and shall only
6.6 The winning bidder acknowledges that We will abide release the Lot after payment has been made, in full,
by any export restrictions that may apply in the of the Sale Price and Buyer’s Premium, including
countries from where specific Lots will be shipped. storage and insurance at applicable rates.
The winning bidder shall also be responsible to
ensure that the Lot/s is freely importable into his 6.10 With respect to Lots which are Antiquities, pursuant
country or to the country where the destination to the ownership along with registration of the
for delivery (as specified by the winning bidder) is Antiquity being transferred from the Seller to the
located. If the winning bidder or We become aware winning bidder in accordance with the provisions of
of any restrictions to such import subsequent to the Antiquities Act and Rules, if the winning bidder
the completion of the auction, the winning bidder informs Us that the winning bidder wishes to collect
shall provide an alternate delivery destination to Us. the Antiquity from Us in person and such Antiquity
All costs associated with the process of delivery and is not collected by the winning bidder within 30
storage (when required) of the Lot shall be borne by days of the registration formalities being completed,
the winning bidder. The Lot/s shall be handed over We shall arrange for storage of the Antiquity at the
to the winning bidder or his nominee only upon full winning bidder’s expense, and shall only release the
payment of all such costs. Antiquity after payment has been made, in full,
of the Sale Price and Buyer’s Premium, including
6.7 Lots marked as “Art Treasures” and/or “Antiquities” storage and insurance at applicable rates.
under the Antiquities Act and Rules cannot be
exported outside India, notwithstanding that the 6.11 We shall be entitled to exercise a lien on the Lot for
payment in lieu of such Lots may be received from payment of any sums due to Us from the winning
the winning bidder in USD. If you are the successful bidder, including the Sale Price, Buyer’s Premium or
bidder for any such Lot, you agree not to export costs relating to storage and insurance where they are
such Lot outside of India. Each winning bidder is to be borne by the winning bidder, in relation to any
solely responsible for meeting the requirements of Lot purchased by the winning bidder.
the Antiquities Act and Rules, or any related state
legislation. Please note that the Lots are marked for 7. Authenticity Guarantee

154 7.1 We provide a limited guarantee on the authenticity

of the Lots for a period of one year from the date 7.5 In the unlikely event that within one year from the
of the auction of such Lots. We only guarantee, sale of the Lot through auction, it is proved by the
subject to the qualifications below, the information winning bidder, to Our reasonable satisfaction, that
mentioned in all capital letters in the title heading the Lot was not authentic and if, in Our opinion,
of the Lot in the Auction Catalogue. We do not bidders being aware of such error or omission would
guarantee any other attribute of such Lot even if such have bid significantly less than the actual Sale Price,
other attribute is in all capital letters. We shall be entitled to rescind the sale, and the seller
will be liable to refund to the winning bidder the Sale
(i) For properties characterised as “art work”, We Price paid for the Lot.
guarantee only the authorship with reference to the
name of the artist till such time that the Lot is in Our 7.6 The guarantee above shall be subject to the following
possession. We do not guarantee any other attribute conditions:
of such Lot; and
(i) the claim is made by the winning bidder as registered
(ii) For properties characterised as “precious objects with Us and if the winning bidder has owned the
(other than artworks)”, We guarantee characteristics Lot continuously between the date of auction and
or features mentioned in all capital letters in the the date of claim (the benefit of the claim is not
heading of the “Description of the Lot” in the assignable to any subsequent owners or others who
Auction Catalogue (in the case of the MobileApp may acquire or have an interest in any of the Lots);
Auction Catalogue, the characteristics or features
mentioned in all capital letters may be displayed in a (ii) the concerned property in the Lot is returned to Us in
position other than the heading) till such time that the same condition that it was in at the time of delivery
the Lot is in Our possession. We do not guarantee of such property in the Lot to the winning bidder; and
any other attribute of such Lot. Further, all coloured
stones, unless certified, may or may not be treated for (iii) the concerned property in the Lot is indisputably the
enhancements. same as purchased through the auction.

7.2 The authenticity guarantee does not apply to title Once We obtain the refunded amount from the
heading or part of a title heading which is qualified. seller, We shall forward the same along with the
A title heading is qualified when it is limited by a amount charged by Us as the Buyer’s Premium to
clarification or limitation in all capital letters in the the winning bidder. We shall not be accountable to
title heading of the Lot in the Auction Catalogue. the winning bidder for any taxes, shipping, handling
or any other charges that may have been applicable
7.3 The authenticity guarantee does not apply if the title at any time from the sale of the Lot till the claim.
heading of the Lot in the Auction Catalogue, as on
the date of auction or as amended by any saleroom 7.7 All such claims will be handled on a case‒by‒case
notice, either is in accordance with the generally basis, and in the case of an authenticity claim, We
accepted opinion of experts, or indicates that there is will require that examinable proof, which clearly
a conflict of opinion of such experts. demonstrates that the Lot is not authentic, is
provided by an established and acknowledged
7.4 The authenticity guarantee does not apply if it is authority. Our decision in respect of such claims shall
proved that the title heading of the Lot in all capital be final and binding.
letters in the Auction Catalogue, is not authentic
only by scientific means or processes which, on the 7.8 In all cases, We retain the right to consult with, at
date We published the Auction Catalogue, was the expense of the winning bidder, two recognised
not generally available or accepted, or which was experts in the field (such experts being mutually
unreasonably expensive or impractical to use, or acceptable to Us and the winning bidder), to examine
which was likely to have caused damage to the Lot, the Lot under question before deciding to rescind
or which was likely to have caused loss of value to the the sale and offer the refund under the guarantee set
Lot. out above. The opinion of the experts shall not be
binding on Us.

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7.9 In the event of the seller’s failure to refund the 10. Copyright
proceeds as stated in this paragraph, the winning
bidder shall return the concerned property in the All content of Our Auction Catalogue, the print
Lot to Us and authorise Us as its agent to initiate catalogue, eCatalogue and content on the Website
legal proceedings against the seller. Any such steps and MobileApp are copyright protected in favour
taken or legal proceedings instituted by Us against of “Saffronart”. All trademarks, names, brand names,
the seller shall be to the cost of the winning bidder. etc. used in the print Auction Catalogue and on
the Website and MobileApp are either trademarks
8. Privacy of Personal Information or registered trademarks of Saffronart, or of their
respective owners. Any rights not expressly granted
8.1 We will maintain the confidentiality of your personal herein are reserved. No image, illustration or written
information as disclosed to Us and undertake to not material maybe used or required without Our
disclose such information to any third party, unless prior written permission. We and the seller(s) make
otherwise required by law or a governmental authority. no representation or warranty that the winning
bidder of a Lot will acquire any copyright or other
8.2 The winning bidder agrees to maintain the reproduction rights in it.
confidentiality of the information about the seller,
including name and address, as mentioned in any 11. Legal Notices
Antiquity related document/s.
11.1 We may validly serve a bidder with a legal notice, if
9. Extent of Our Liability required, by the following means:

9.1 We have an obligation to refund the Sale Price and (i) sending an email to the email address disclosed
Buyer’s Premium to the winning bidder only in the by the bidder to Us; or
circumstances described above (in paragraph 7).
Damages to, or losses or loss in value of any of the (ii) sending a courier to the address disclosed by
Lots (excluding frames) incurred during shipping the bidder to Us.
and transit are covered as per the insurance policy
obtained by Us. In case the winning bidder opts out 11.2 Such legal notice shall be deemed to have been
of insurance coverage arranged for by Us, We shall properly served:
not entertain any claims for damage or loss during
shipping and transit. Subject to the authenticity (i) in the case of email transmission: on the date of
guarantee above, neither Our suppliers nor Us, nor the transmission; and
any of Our employees or agents, shall be responsible,
either for the correctness of any statements as to the (ii) in case of transmission by courier: 2 business
authorship, origin, date, age, attributes or genuineness days after the dispatch of the notice by courier.
of any Lot in the sale, or for any mistakes in the
description of the Lots, or for any faults or defects in 12. Waiver
the Lots, or for any other act or omission whatsoever.
We offer no guarantee or warranty other than the No failure or delay in exercising any right, power, privilege
limited guarantee set out in Clause 6 above. or remedy under these conditions for sale shall in any
way impair or affect the exercise thereof or operate as
9.2 The rescission of the sale and the refund of the total a waiver thereof in whole or in part. No single or partial
Sale Price paid by the winning bidder is the sole exercise of any right, power, privilege or remedy under
remedy that may be sought by a winning bidder, these conditions for sale shall prevent any further or other
and such remedy is exclusive and in lieu of any other exercise thereof or the exercise of any other right, power,
remedy which may otherwise be available under privilege or remedy.
law. We shall not be liable for any incidental or
consequential damages incurred or claimed. 13. Severability

156 If any part of these conditions of sale between the winning
bidder and Us is found by any court of law to be invalid,
illegal or unenforceable, that part may be discounted and

the rest of the conditions shall be enforceable to the fullest Auction Catalogue: The catalogue published by Us,
extent permissible by law. whether in print, on the MobileApp or on the Website,
containing details of the auction along with the description,
14. Governing Law and Jurisdiction price and other details of Lots to be offered for sale at such
auction. In case of any discrepancy between the print
14.1 These conditions for sale are subject to the laws of: Auction Catalogue, the MobileApp Auction Catalogue,
the online Auction Catalogue and/or the eCatalogue, the
(i) India, in the event that the seller is located in India; online Auction Catalogue, as modified by Us from time to
and time, shall take precedence.

(ii) The United States of America, in the event that the Buyer’s Premium: The amount charged by Us from a
seller is located in any jurisdiction other than in India. winning bidder for services rendered by Us, in accordance
with these conditions of sale, in connection with the
Such laws shall apply to the construction of the conditions purchase of Lots by the winning bidder.
for sale and to the effect of the provisions thereof.
GST: Goods and Services Tax
14.2 All parties are subject to the exclusive jurisdiction of
courts at: Lot/Lots: A property, including an Antiquity, to be offered
at the auction, or two or more properties/ Antiquities to
(i) Mumbai, Maharashtra, India, in the event that the be offered at the auction as a group.
seller is located in India; and
MobileApp: Mobile application developed by Us,
(ii) New York, USA, in the event that the seller is located Saffronart, in Saffronart’s capacity as Our service provider
in any jurisdiction other than in India. providing a mobile auction platform for the auction.

15. Symbols used in this catalogue Our/Us/We: Saffron Art Private Limited, acting either on
its own behalf, or as a representative of any of its Affiliates.
Lots marked with  indicate that Saffronart owns the
Lot in whole or in part or has an economic interest in Reserve Price: The minimum price that a seller has
the Lot equivalent to an ownership interest. communicated to Us as being acceptable for the sale of a
Lot through an auction.
Lots  marked with    are not situated in India and
therefore, may only be bid for and purchased in Rules: The Antiquities and Art Treasure Rules, 1973 and
USD. Persons residing in India, wishing to bid in USD any amendments made thereto from time to time.
must be eligible under the various foreign exchange
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157

158

SAFFRONART • LIVE AUCTION OF MODERN INDIAN ART • 11 MARCH 2021

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159

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160

INDEX PRABHAKAR BARWE N S BENDRE

K H ARA

Lot 4 p. 10 Lot 16 p. 51 Lot 47 p. 137 Lot 24 p. 72
SAKTI BURMAN
N S BENDRE

Lot 25 p. 75 Lot 26 p. 76 Lot 27 p. 79 Lot 39 p. 103

SANKHO JOGEN SARBARI ROY V S GAITONDE
CHAUDHURI CHOWDHURY CHOWDHURY

Lot 30 p. 83 Lot 33 p. 87 Lot 39 p. 103 Lot 13 p. 43
SATISH GUJRAL
ZARINA HASHMI K K HEBBAR

Lot 38 p. 101 Lot 49 p. 141 Lot 50 p. 145 Lot 48 p. 139

161

SOMNATH M F HUSAIN
HORE

Lot 10 p. 25 Lot 20 p. 59 Lot 21 p. 63 Lot 22 p. 64

M F HUSAIN RAM KUMAR

Lot 23 p. 65 Lot 42 p. 119 Lot 43 p. 121 Lot 44 p. 125 Lot 36 p. 95

RAM KUMAR B PRABHA

Lot 14 p. 147 Lot 15 p. 149 Lot 28 p. 80 Lot 29 p. 81
GANESH PYNE S H RAZA

Lot 5 p. 11 Lot 8 p. 17 Lot 9 p. 20 Lot 40 p. 107 Lot 41 p. 117

162

JAMINI ROY HIMMAT SHAH

Lot 1 p. 5 Lot 2 p. 7 Lot 11 p. 27 Lot 12 p. 29

AMRITA SHER-GIL F N SOUZA

Lot 3 p. 9 Lot 6 p. 13 Lot 7 p. 14 Lot 17 p. 53
F N SOUZA

Lot 18 p. 54 Lot 34 p. 89 Lot 35 p. 93 Lot 45 p. 129
F N SOUZA JAGDISH SWAMINATHAN
THOTA
VAIKUNTAM

Lot 46 p. 133 Lot 19 p. 57 Lot 37 p. 99 Lot 32 p. 85

163

164

MODERN AND CONTEMPORARY INDIAN ART

11 ‒ 12 MARCH 2021 • ONLINE

165

166

All bidding will take place at saffronart.com. All lots are published in the printed catalogue and e‒catalogue
and may also be viewed on the website. Select lots may be viewed in Mumbai and New Delhi by
appointment.

AUCTION DATES

Start: Thursday, 11 March 2021, 10.30 pm Indian Standard Time
(12 pm US Eastern Time and 5 pm UK Time on 11 March 2021)

Close: Friday, 12 March 2021, 8 pm Indian Standard Time onwards
(9.30 am US Eastern Time and 2.30 pm UK Time on 12 March 2021)

Please note that bidding closes at different times according to Lot Groups. These times have been listed in
the Bid Closing Schedule.

VIEWINGS BY APPOINTMENT New Delhi

Mumbai 26 February – 12 March 2021
1 – 12 March 2021 11 am – 5 pm, Monday to Saturday
11 am – 5 pm, Monday to Saturday (By prior appointment only)
(By prior appointment only)
VENUE
VENUE
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Appasaheb Marathe Marg Dr. Zakir Hussain Marg
Prabhadevi, Mumbai 400025 New Delhi 110003

SALES TEAM AND AUCTION ENQUIRIES

Mumbai Contact: Punya Nagpal, Dhanashree Waikar, Shaheen Virani,
Aashish Dubey, Deepika Shah or Aditi Parab

Email: [email protected] | Contact: +91 22 68554100

New Delhi Contact: Amit Kapoor or Darpana Capoor | Email: [email protected]
Contact: +91 11 24369415

USA Contact: Anu Nanavati | Email: [email protected] | Tel: +1 212 627 5006

UK Contact: Abha Housego or Maia Jasubhoy | Email: [email protected] | Tel: +44 20 7409 7974

ADDRESSES

India Mumbai: Industry Manor, 3rd Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025
New Delhi: The Oberoi, Dr. Zakir Hussain Marg, New Delhi 110003
USA The Fuller Building, 595 Madison Avenue, Suite 1207, New York, NY 10022
UK 73 New Bond Street, 1st Floor, London, W1S 1RS

167

168

Lots 51–70

Closing Time: Friday, 12 March 2021
8 pm (IST)

9.30 am (US Eastern Time)

169

F N Souza, 1971
StoryLTD.com, 18‒19 July 2017, lot 32 (j)

170

51

F N SOUZA (1924‒2002)

Untitled
Signed and dated 'Souza 58' (upper centre)
1958
Ink on card
7.75 x 9 in (19.8 x 23 cm)
$2,780 ‒ 4,170
Rs 2,00,000 ‒ 3,00,000

PROVENANCE:
Saffronart, Mumbai, 13 March 2018, lot 1 a)

reverse

171

52

S H RAZA (1922‒2016)

Fire
Signed and dated 'RAZA '05' (lower centre);
signed thrice, dated and inscribed 'RAZA/
2005/ "Fire"' and titled in Devnagari (on the
reverse)
2005
Acrylic on paper
23.25 x 9.25 in (59 x 23.7 cm)
$20,835 ‒ 27,780
Rs 15,00,000 ‒ 20,00,000
PROVENANCE
Acquired directly from the artist

172

PROPERTY OF A GENTLEMAN, NEW DELHI PROVENANCE
Saffronart, 6‒7 December 2006, lot 5
53 Saffronart, 25‒26 March 2013, lot 24

S H RAZA (1922‒2016) EXHIBITED
Cagliari: Bastione di Saint Remy, 1975
Untitled
PUBLISHED
Signed and dated 'RAZA 75' (centre right), signed Exhibition catalogue, Cagliari: Bastione di Saint Remy,
twice and dated 'RAZA/ 1975' (on the reverse) 1975 (illustrated, cover)
1975 POP: Progressives on Paper, New York: Aicon Gallery, 2011
Acrylic on paper pasted on canvas (illustrated)
20 x 15.25 in (51 x 39 cm)

$20,835 ‒ 25,000
Rs 15,00,000 ‒ 18,00,000

173

54

RAM KUMAR (1924‒2018)

Untitled
Signed and dated 'Ram Kumar 2002' (on the reverse)
2002
Acrylic on paper pasted on Mount board
23.25 x 35.75 in (58.8 x 91 cm)
$9,725 ‒ 12,500
Rs 7,00,000 ‒ 9,00,000
PROVENANCE
Acquired directly from the artist
An Important Private Collection, New Delhi

174

55

RAM KUMAR (1924‒2018)

Untitled

Signed and dated ‘Ram Kumar 90’ (on the reverse)
1990
Acrylic on paper
18 x 23.25 in (45.8 x 58.8 cm)

$5,560 ‒ 8,335
Rs 4,00,000 ‒ 6,00,000

PROVENANCE
Acquired directly from the artist
An Important Private Collection, New Delhi

EXHIBITED
Ram Kumar: Traversing the Landscapes of the Mind,
Mumbai: Saffronart, 14 ‒ 26 March 2017

175

56

A RAMACHANDRAN (b.1935)

Untitled
Signed and dated ‘RAMACHANDRAN ‘1991’
(lower centre)
1991
Mixed media on paper
23 x 17 in (58.5 x 43.4 cm)
$4,170 ‒ 5,560
Rs 3,00,000 ‒ 4,00,000
PROVENANCE
Sistas Art Gallery, Chennai
An Important Private Collection, Chennai

57

A RAMACHANDRAN (b.1935)

Untitled
Signed and dated ‘RAMACHANDRAN ‘1991’
(lower centre)
1991
Mixed media on paper
23 x 17 in (58.5 x 43.2 cm)
$4,170 ‒ 5,560
Rs 3,00,000 ‒ 4,00,000
PROVENANCE
Sistas Art Gallery, Chennai
An Important Private Collection, Chennai

176

58

SADANAND BAKRE (1920‒2007)

Untitled

Signed 'BAKRE' and signed and dated in Devnagari
(lower right); inscribed 'S.K.BAKRE' (on the reverse)
1952
Oil on board
22.5 x 34.25 in (56.9 x 87.1 cm)

$16,670 ‒ 20,835
Rs 12,00,000 ‒ 15,00,000

PROVENANCE
Estate of Mrs Christina Lilian Witherick, London (The
Withericks had been private collectors of the artist's
work, according to a 1965 exhibition catalogue by Gallery
Chemould, Bombay)
Thence by descent
Bonhams, London, 27 May 2016, lot 30
Private Collection, New Delhi

177

59

PARITOSH SEN (1918‒2008)

Untitled

Signed and dated 'Paritosh Sen/
1956' (lower right)
1956
Oil on canvas
35.75 x 29.5 in (91 x 75.2 cm)

$11,115 ‒ 13,890
Rs 8,00,000 ‒ 10,00,000

PROVENANCE
Artworld, Chennai
An Important Private Collection,
Chennai

PUBLISHED
Manasij Majumdar, Ella Datta,
Kunal Chakrabarti and Paritosh
Sen, Paritosh Sen: In Retrospect,
Ahmedabad: Mapin Publishing Pvt.
Ltd., 2002, p. 29 (illustrated)

Present lot published in Paritosh Sen: In Paritosh Sen was a versatile, prolific artist and writer who began his
Retrospect, Ahmedabad: Mapin Publishing training at the Madras Art School, alongside artists such as K C S Panicker
Pvt. Ltd., 2002, p. 29 and Prodosh Dasgupta. In the early 1940s, Sen co‒founded the Calcutta
Group, and a few years later, he left for France to further his training at
178 the Academy André Lhote, Académie de la Grande Chaumière and the
École des Beaux‒Arts. His years in France influenced his work, as seen
in the present lot which features Cubist influences. Sen also had the
opportunity to meet Pablo Picasso in the 1950s, and has said, "Picasso's
works and methods taught me more than what I was prepared for and it
took me some time to assimilate the concepts and integrate them with
my own work." (Artist quoted in Andrew Buncombe, “Paritosh Sen,” The
Independent, 18 November 2008, online) Sen explored a variety of media
and styles throughout his career, favouring vivid colour and figuration. “At
first, the mastery that has gone into the compositions is hardly noticed.
Gradually the dominant details begin to make an impact. The precision
of linear movement and use of space, the slight distortion and elongation
and the contrast of the glowing hues slowly sink in.” (Sandip Sarkar,
“Hilarious Treatment of Protagonists,” The Telegraph, 2006, online)

PROPERTY OF A LADY, CHENNAI

60

M F HUSAIN (1913‒2011)

Untitled

Signed in Devnagari (lower right); signed 'Husain' (on backing board)
Oil pastel on paper
22.75 x 17.5 in (57.5 x 44.5 cm)

$16,670 ‒ 25,000
Rs 12,00,000 ‒ 18,00,000

PROVENANCE
Apparao Gallery, Chennai

179

PROPERTY FROM AN IMPORTANT PRIVATE COLLECTION, MUMBAI
61

M F HUSAIN (1913‒2011)

Untitled
Mixed media on paper
10.75 x 14.5 in (27.5 x 36.8 cm)
$9,725 ‒ 12,500
Rs 7,00,000 ‒ 9,00,000

PROVENANCE
Vadehra Art Gallery, New Delhi
Saffronart, 30 November ‒1 December, 2016, lot 62

180

62

SOHAN QADRI (1932‒2011)

Untitled
Signed and dated 'Qadri 03' (lower right and on the reverse)
2003
Ink and dye on paper
39.5 x 27.5 in (100.3 x 69.9 cm)
$6,000 ‒ 8,000
Rs 4,32,000 ‒ 5,76,000
PROVENANCE
Acquired from Indigo Blue Art, Singapore
Private Collection, France

181

182

ab

63 EXHIBITED
The World of Satish Gujral, Kolkata: Aakriti Art Gallery,
SATISH GUJRAL (1925‒2020) 11 ‒ 31 March 2015
PUBLISHED
a) Untitled Nanak Ganguly, The World of Satish Gujral,
Signed in Devnagari and dated '2014' (upper left) Kolkata: Aakriti Art Gallery, 2015 (illustrated)
2014
Pencil on rice paper pasted on plywood The present lot published in Nanak
29.5 x 19.75 in (75 x 50 cm) Ganguly, The World of Satish Gujral,
Kolkata: Aakriti Art Gallery, 2015
b) Untitled
Signed in Devnagari and dated '2014' (lower right)
2014
Pencil on rice paper pasted on plywood
29.5 x 19.75 in (75 x 50 cm)

$13,890 ‒ 20,835
Rs 10,00,000 ‒ 15,00,000

(Set of two)

PROVENANCE
Aakriti Art Gallery, Kolkata
Private Collection, Mumbai

183

PROPERTY OF A GENTLEMAN, NEW DELHI
64

MANJIT BAWA (1941‒2008)

Untitled
Signed and dated 'Manjit 94' (lower right)
1994
Charcoal on paper
20.5 x 27.5 in (52.3 x 70 cm)
$9,725 ‒ 12,500
Rs 7,00,000 ‒ 9,00,000
PROVENANCE
Saffronart, 25‒26 March 2013, lot 84

184

PROPERTY FROM AN IMPORTANT PRIVATE COLLECTION, MUMBAI

65

AKBAR PADAMSEE (1928‒2020)

Untitled

Signed and dated 'PADAMSEE/2002' (upper centre)
2002
Watercolour and pencil on paper
14.75 x 10.75 in (37.5 x 27.5 cm)

$2,780 ‒ 4,170
Rs 2,00,000 ‒ 3,00,000

185

66

AKBAR PADAMSEE (1928‒2020)

Untitled
Signed and dated 'PADAMSEE/ 2000' (lower left)
2000
Watercolour and charcoal on paper
14.25 x 10.25 in (36 x 26.2 cm)
$2,780 ‒ 4,170
Rs 2,00,000 ‒ 3,00,000
PROVENANCE
Artworld, Chennai
An Important Private Collection, Chennai

67

F N SOUZA (1924‒2002)

Untitled (Head of a Man)
Signed and dated 'Souza 97' (upper left)
1997
Pastel and marker on paper
14.25 x 10 in (36.2 x 25.5 cm)
$2,085 ‒ 3,475
Rs 1,50,000 ‒ 2,50,000
PROVENANCE
Estate of F N Souza
Grosvenor Gallery, London
Acquired from the above

186

68

BADRI NARAYAN (1929‒2013)

Looking out, into Space

Initialled in Devnagari (lower right); inscribed and
dated '''Looking out, into Space''/ by Badri Narayan/
22nd April 2002' (on the reverse)
2002
Watercolour on paper
9.75 x 13.75 in (25 x 35 cm)

$5,560 ‒ 6,945
Rs 4,00,000 ‒ 5,00,000

PROVENANCE
Saffronart, 6‒7 June 2007, lot 123

187

69 EXHIBITED

LANCELOT RIBEIRO (1933‒2010) The Roots of the Indian Artists' Collectives,
London: Grosvenor Gallery,
Untitled (Blue and Yellow Landscape) 11 July ‒ 9 August 2019

Signed and dated 'Ribeiro' 68' (upper right) Lancelot Ribeiro: An Artist in India and Europe,
1968 presented by London: Grosvenor Gallery at
Oil on canvas New Delhi: Saffronart, 10 ‒ 14 November
18.75 x 15.25 in (47.5 x 38.5 cm) 2014; Mumbai: Saffronart, 18 ‒ 22 November
2014; Goa: Sunaparanta, Goa Centre for
$4,000 ‒ 6,000 the Arts, 30 October ‒ 24 November 2014;
Rs 2,88,000 ‒ 4,32,000 Leicester: Oberon Gallery, 3 ‒ 17 March 2018

PROVENANCE
From the Estate of the artist

188

70

GHULAM RASOOL SANTOSH (1929‒1997)

Untitled
Signed in Devnagari and dated and signed '95/ SANTOSH' (on the reverse)
1995
Oil on canvas
29.75 x 23.5 in (75.3 x 59.7 cm)
$13,890 ‒ 20,835
Rs 10,00,000 ‒ 15,00,000
PROVENANCE
Acquired from the artist's family
Private Collection, New Delhi

189

Lots 71–89

Closing Time: Friday, 12 March 2021
8.15 pm (IST) | 9.45 am (US Eastern Time)

190

191

Jamini Roy in his studio
Reproduced from Jamini Roy: National Art Treasure, Kolkata: Purba, 2015

192

71

JAMINI ROY (1887‒1972)

Untitled

Signed in Bengali (lower right)
Tempera on canvas
21.5 x 46.5 in (54.5 x 118 cm)

$34,725 ‒ 48,615
Rs 25,00,000 ‒ 35,00,000

NON‒EXPORTABLE NATIONAL ART TREASURE

PROVENANCE
Dhoomimal Art Gallery, New Delhi

193

a b

72 EXHIBITED
Works on Paper, Mumbai and Anaheim: Saffronart,
V S GAITONDE (1924‒2001) 20 February ‒ 15 March 2003
V S Gaitonde: Works from Private Collections, New Delhi:
a) Untitled Saffronart, 21 January ‒ 4 February 2011
Signed in Devnagari (lower right) and (another from the edition)
inscribed '1/25' (lower left) The Printed Picture: Four Centuries of Indian Printmaking,
Serigraph on paper New Delhi: Delhi Art Gallery, 13 October ‒ 3 November 2012
Print size: 12.25 x 8.75 in (31 x 22.5 cm) (another from the edition)
Sheet size: 15 x 11 in (38.2 x 28.2 cm) V S Gaitonde: The Silent Observer, Mumbai: Jehangir Nicholson
Gallery, 3 August ‒ 3 November 2019 (another from the edition)
First from a limited edition of twenty‒five
PUBLISHED
b) Untitled Ella Datta, Changing Images: An Exhibition of 20th Century Indian
Signed in Devnagari (lower right) and Art, New Delhi: DAG, 2001, p. 93 (illustrated, another from
inscribed '1/25' (lower left) the edition)
Serigraph on paper Kishore Singh, The Printed Picture: Four Centuries of Indian
Print size: 12 x 8.75 in (30.5 x 22.5 cm) Printmaking, Volume II, New Delhi: Delhi Art Gallery Pvt. Ltd.,
Sheet size: 15.25 x 11 in (38.5 x 28.2 cm) 2012, pp. 181‒82 (illustrated, another from the edition)
First from a limited edition of twenty‒five a) Kamini Sawhney, Dadiba Pundole and Dnyaneshwar Nadkarni,
V S Gaitonde: The Silent Observer, Mumbai: Jehangir Nicholson
$5,560 ‒ 8,335 Art Foundation, 2019, p. 29 (illustrated, another from the edition)
Rs 4,00,000 ‒ 6,00,000 b) Kamini Sawhney, Dadiba Pundole and Dnyaneshwar Nadkarni,
(Set of two) V S Gaitonde: The Silent Observer, Mumbai: Jehangir Nicholson
Art Foundation, 2019, p. 43 (illustrated, another from the edition)
PROVENANCE
An Important Private Collection, New Delhi

194

73 reverse

AMRITA SHER‒GIL (1913‒1941)

The Little Mermaid

Inscribed and dated 'the little mermaid/ Simla 6.7.23'
and inscribed in Hungarian (on the reverse)
1923
Watercolour and pencil on paper
7.75 x 7.25 in (19.5 x 18.2 cm)

$20,835 ‒ 27,780
Rs 15,00,000 ‒ 20,00,000

NON ‒ EXPORTABLE NATIONAL ART TREASURE

PROVENANCE
Acquired directly from the artist's family
The Guild, Mumbai

195

196

“Benares is important for me both as an artist and as a human
being, the first paintings came at a point when I wanted to
develop elements in figurative painting and go beyond it, my first
visit to the city invoked an emotional reaction as it had peculiar
associations. But such romantic ideas were dispelled when I came
face to face with reality. There was so much pain and sorrow
of humanity. As an artist it became a challenge to portray this
agony and suffering, its intensity required the use of symbolic
motifs, so my Benares is of a representative sort.”

— RAM KUMAR

197

Ram Kumar went through several phases during his career, on his journey from the figurative to the abstract.
From playing an important role in the drama of his paintings in the 1950s, the figure was to be completely
eliminated from his works in the following decade, when he turned to landscapes which were to become
bearers of the emotive in his art.

In 1960, a trip to Varanasi, the city of death and rebirth, supplied Kumar with a new exposure to human
suffering that lay at the intersection of faith and torment. With this new turn, he sought to liberate reality
from its human context. His early Benares works negotiate the built cityscape and the landscape with
the occasional, but increasingly abstract depictions of built forms and the river. “…the greyish mist that
enveloped the temple city apparently snaked its way into the landscape as well. It was as if the artist could
not yet throw off its oppressive weight. The process had to be gradual. He would also continue to toggle
between expressionism and abstraction, just as he would oscillate between the city and the landscape.”
(Meera Menezes, Ram Kumar: Traversing the Landscapes of the Mind, Mumbai: Saffronart, 2016, p. 12)

The present lot, painted in 1961, is characterised by a gaunt, dark colour palette, a common occurrence in
Kumar’s works from this period. “The years from 1960‒64 comprised a predominantly “grey” period, the
sternest and more austere in his career. Using the encaustic process Ram even delved into shades of black.
Greys derived from blues and browns set off the facets of the textures, the drifts, the engulfed landforms, the
isthmus shapes and the general theme of the fecund but desolate landscape.” (Richard Bartholomew, “The
Abstract as a Pictorial Proposition,” Gagan Gill ed., Ram Kumar: A Journey Within, New Delhi: Vadehra Art
Gallery, 1996, p. 30)

This sense of desolation is clearly visible in the present lot, with its thick, muddy, impasto. “The dextrous
use of colour conveys the feeling of a dark and dank city swaddled in river mists and smoke. This Benaras as
Kumar paints it is no city of joy, this is a city of the dead and the dying.” (Menezes, pp. 11‒12) It is a vision
that is unique and quintessentially Kumar’s.

Untitled (Benaras) Spring, 1961
Saffronart, Mumbai, Saffronart, Mumbai,
17 September 2020, lot 31 17 September 2020, lot 24
Sold for Rs 1.04 crores ($143,014) Sold for Rs 72 lakhs ($98,630)

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