Mumbai & New Delhi: The inaugural online auction by deRivaz & Ives, a newly launched Arts Auction House , made a notable online sale of INR 11.86 Crores, with a respectable average Lot Price of INR 56.48 lakhs and a 70% Sale of Lots. A total amount of INR 37.32 lakhs Artist Resale Royalty was collected to be shared with the Artists and/or Legal Heirs from the secondary sales of this public auction. The online auction highlights were artist Jehangir Sabavala’s painting from his ‘Sea, Sails & Seagulls’ period which was inspired by the language and syntax of his guru Andre Lhote’s synthetic cubism; F.N. Souza’s painting from his brilliant 1973 Manhattan Series executed within a richly coloured impasto heavy style, and Prabhakar Barwe’s critically acclaimed ‘Elements of Kitchen’ seeking the colourlessness within colour, and an emptiness within space.
Mumbai & New Delhi, 24th January 2022 The inaugural online auction by deRivaz & Ives, a newly launched Arts Auction House , made a notable online sale of INR 11.86 Crores, with a respectable average Lot Price of INR 56.48 lakhs and a 70% Sale of Lots. A total amount of INR 37.32 lakhs Artist Resale Royalty was collected to be shared with the Artists and/or Legal Heirs from the secondary sales of this public auction. The online auction highlights were artist Jehangir Sabavala’s painting from his ‘Sea, Sails & Seagulls’ period which was inspired by the language and syntax of his guru Andre Lhote’s synthetic cubism; F.N. Souza’s painting from his brilliant 1973 Manhattan Series executed within a richly coloured impasto heavy style, and Prabhakar Barwe’s critically acclaimed ‘Elements of Kitchen’ seeking the colourlessness within colour, and an emptiness within space.
When asked how he would rate deRivaz & Ives with the other Auction Houses today, Chief Mentor Neville Tuli, stated with a smile - “It is a small first step. In a five horse race, we are sixth. But, we did not fall, we finished the course, built a new platform from scratch, but for the first time in Indian art we created wealth for artists & their legal heirs from secondary market public sales. That is something important. That is a pioneering move. Others will be forced to follow. Further, we come out again two weeks from now, and then again after two weeks, and again, so we all will judge deRivaz & Ives much better by March end.”
Yet despite the seeming record sales last year, the modern Indian art market has barely shifted its minor global position over the last twenty years. Even relative to its own global GDP (3.2%) share the Indian art market is barely 10 cents on the dollar to the position it should be holding. For example, with the global art market at approx. US$55 billion and the Indian art market at approximately US$185 million (INR 1400 Crores) one can clearly see India’s minor share and role. This needs to fundamentally change now. Further, deRivaz& Ives will be introducing major new technical innovations in the reporting and cataloguing of auctions by bringing in a much deeper role for scientific examinations of artworks with technical photography analysis so as to once and for all help root out much of the unaccountable and negligent chitter-chatter on Authenticity of artworks.
Bengaluru, May 05, 2024
Indian National Space Promotion and
Bengaluru, India – May 02, 2024 – Agora, Inc.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
India – April 30, 2024 – Solitario, the premier destination for luxury lab-grown diamo
Mumbai - National, 29th April 2024: Greenply Industries Limited, a pioneer in the interior infrastructu
Bengaluru, 29 April 2024: Zepp Health, a global provider of smart wearables and health technology, has announced the launch o
Beauty / 07-05-2024
Goodness of Naturals, Power of Actives- WOW Skin Science’s Revamped Product PropositionAviation / 07-05-2024
SINGAPORE AIRLINES GROUP ORDERS SUSTAINABLE AVIATION FUEL FROM NESTEEvents / 07-05-2024
Turkish Airlines’ Annual Bowling Tournament Semi-Finals Took Place in IndiaElectronics / 07-05-2024
GOVO Redefines Outdoor Entertainment with Cinematic GoSurround 960 SoundbarEntertainment / 07-05-2024
Experience the Ultimate Summer Vacation at Wonderla Summerla Fiesta 2024!Pelikken © Copyright 2022, All Rights Reserved
