Sotheby’s auction: Nepali painting fetches record price
‘Vasudhara Mandala,’ a South Asian art fetched a record high price in the European auction market with a 14th century Nepali painting selling for 825,250 pounds at Sotheby’s in London, Indo Asian News Service (IANS) reported.
The news agency quoted a Sotheby’s statement as saying on Thursday that the amount is a world record for a work of its class.
The painting, by Jasaraja Jirila, went under the hammer on Wednesday. It was from the Stuart Cary Welch Collection of Islamic and Indian art—a repository of Indian and Islamic art collected by Welch, an American scholar and Harvard teacher, IANS said.
Vasudhara Mandala was painted by Jasaraja Jirila in 1365, and is the earliest recorded Nepali “paubha” (traditional painting) that contains a date within its dedicatory inscription, it added. IANS quoted Edward Gibbs, senior director and head of Sotheby’s Middle East and Indian departments, as saying on the auction trends: “The premium value of quality, rarity, freshness to the market and the provenance of a great name exercised their appeal for collectors. What was most noticeable yesterday (Wednesday) was the extraordinary depth and breadth of bidding across all price levels from private and institutional buyers.”
After Welch died in 2008, his huge collection of South Asian art which he donated to his alma mater Harvard University was put on sale in phases, the report said.
Posted on: 2011-06-03 08:24
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