Ram Kumar
Untitled
Estimate: 60.000 - 80.000 USD
Price realised: 50.000 USD
Price realised: 50.000 USD
Description
signed in Hindi (upper right); inscribed 'K. GUINNESS' (on the stretcher bar on the reverse)
oil on canvas
32 x 19 5/8 in. (81.3 x 49.8 cm.)
Painted circa 1960
Kumar Gallery, New Delhi | Acquired from the above by Sir Kenlem Guinness, circa 1960 | Sir Kenelm Guinness, of the Irish Guinness family most well known for their eponymous brewing factory, was working with the World Bank in the 1950s on the Indus Water Treaty often traveling between Lahore and New Delhi, where he purchased the present lot. By 1960 the negotiations of the World Bank became an official Treaty which was signed on 19 September 1960 by then Prime Minister of India, Jawaharlal Nehru
oil on canvas
32 x 19 5/8 in. (81.3 x 49.8 cm.)
Painted circa 1960
Kumar Gallery, New Delhi | Acquired from the above by Sir Kenlem Guinness, circa 1960 | Sir Kenelm Guinness, of the Irish Guinness family most well known for their eponymous brewing factory, was working with the World Bank in the 1950s on the Indus Water Treaty often traveling between Lahore and New Delhi, where he purchased the present lot. By 1960 the negotiations of the World Bank became an official Treaty which was signed on 19 September 1960 by then Prime Minister of India, Jawaharlal Nehru
Auction result misses estimated price range
In March 2019 a collector was able to acquire this work without title by Ram Kumar for USD 50,000.00 (€ 44,531.53). This price was achieved in the auction South Asian Modern + Contemporary Art at Christies in New York and was even below the estimate range of USD 60,000.00 – 80,000.00 set by the auction house. Of course, this price has nothing to do with the top prices that other works by Ram Kumar achieve. The highest price we have observed so far was reached by the work Vagabond in March 2008 with an auction result of USD 1,161,000.00 (€ 734,577.67).
Auktionsergebnis verfehlt die Schätzpreisspanne
Im März 2019 konnte ein Sammler diese Arbeit ohne Titel von Ram Kumar für USD 50.000,00 (€ 44.531,53) erwerben. Dieser Preis wurde in der Auktion South Asian Modern + Contemporary Art bei Christies in New York erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von USD 60.000,00 – 80.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Ram Kumar erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Vagabond im März 2008 mit einem Auktionsergebnis von USD 1.161.000,00 (€ 734.577,67).
Ram Kumar - Auction history
Other artists in this auction
