Shanti Dave

Untitled

Found at Sothebys, New York
Modern & Contemporary South Asian Art, Lot 28
16. Mar - 16. Mar 2021
Estimate: 3.000 - 5.000 USD
Price realised: 6.048 USD
Property from a Private Collection, Maryland
Shanti Dave
b. 1931
Untitled
Oil and encaustic on canvas
Signed 'Shanti Dave' center right. Bearing Dhoomimal Gallery, New Delhi label with 'CON NO. DMG/45/SD/36 SIZE: 46 x 70 / ARTIST NAME SHANTI DAVE / TITLE OIL PAINTING / PRICE Rs. 4000/- L.S.T. TOTAL' on reverse
17 ⅝ x 27 ½ in. (44.7 x 69.8 cm.)
Framed: 18 ⅝ x 28 ⅜ in. (47.3 x 72 cm.)
Acquired from Dhoomimal Gallery, New Delhi, 1982

Upper estimated price slightly exceeded

In March 2021 Sothebys in New York held the auction Modern & Contemporary South Asian Art, which included this untitled work by Shanti Dave. The »bidding war« ended at USD 6,048.00 (€ 5,150.30), 21% above the upper estimate. Of course, this price has nothing to do with the top prices that other works by Shanti Dave achieve. The highest price we have observed so far was reached by the work without title in October 2021 with an auction result of GBP 47,750.00 (€ 56,570.85).

Oberer Schätzpreis leicht übertroffen

Im März 2021 führte Sothebys in New York die Auktion Modern & Contemporary South Asian Art durch, in der auch diese Arbeit ohne Titel von Shanti Dave zur Versteigerung kam. Das »Bietergefecht« endete beim Preis von USD 6.048,00 (€ 5.150,30) und damit 21% über dem oberen Schätzpreis. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Shanti Dave erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit ohne Titel im Oktober 2021 mit einem Auktionsergebnis von GBP 47.750,00 (€ 56.570,85).

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