K.C.S. Paniker - Word & Symbols - VI

K.C.S. Paniker

Word & Symbols - VI

Found at Christies, Mumbai
South Asian Art, Lot 46
19. Dec - 19. Dec 2013
Estimate: 200.000 - 300.000 INR
Price realised: 3.500.000 INR
Description
K.C.S. PANIKER (1911-1977)
Word & Symbols - VI
signed and dated 'Paniker '64-' (lower right); further titled 'WORD & SYMBOLS - VI' (on the reverse); bearing 'The First World's Selected Non-Abstract Paintings Exhibition in Japan - India's Participants' exhibition label (on the reverse)
oil on board
15¾ x 47 7/8 in. (40 x 121.6 cm.)
Painted in 1964
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Artwork auctioned at 11 times the upper estimate price

When the work Word & Symbols - VI by K. C. S. Paniker was auctioned at Christies in Mumbai in December 2013, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - INR 300,000.00 but the actual price achieved was more than 11 times as high at INR 3,500,000.00 (€ 41,149.58). Despite this good result, it is not the highest hammer price for an artwork by K. C. S. Paniker; that achieved among the auctions we observed the lot Love sold at auction in May 2007 with the realized price of GBP 33,600.00 (€ 49,444.67).

Kunstwerk zum Elffachen des oberen Schätzpreises versteigert

Als die Arbeit Word & Symbols - VI von K. C. S. Paniker im Dezember 2013 bei Christies in Mumbai versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – INR 300.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit INR 3.500.000,00 (€ 41.149,58) mehr als elfmal so hoch. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von K. C. S. Paniker; den erzielte unter den von uns beobachteten Auktionen die Arbeit Love im Mai 2007 mit dem Hammerpreis von GBP 33.600,00 (€ 49.444,67).

K. C. S. Paniker - Auction history

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