New Delhi: Famous Indian Modernist painter Tyeb Mehta's transitional work 'Blue Painting' was sold for a hefty Rs 11 crore at the Sothby's inaugural Indian and Islamic Week in London.
The Auction House, Sotheby's of London held its inaugural Indian and Islamic Art Week which displayed a series of Public exhibitions and auctions from October 3 to October 8, 2014.
Sothby's had set the auction into three different zones--'The Modern and Contemporary South Asian Art', 'Art of Imperial India' and 'Art from the Islamic world'.
The Modern and Contemporary South Asian art sale on Tuesday began the art week. According to reports, the 'Blue Painting' was bought by an anonymous bidder for Rs 11.04 crore, making it one of the most highest sales for the season.
Tyeb Mehta was awarded the prestigious Padma Bhushan in 2007, and his famous 'triptych Celebration', was sold for Rs 15 million at Christie's auction in the year 2002.