Saffronart, India’s leading auction house will showcase a significant selection of modern and contemporary Indian artists at their 24-Hour Absolute Auction. An Absolute Auction is defined as an auction with no reserve prices. Initial online bids on each lot will be accepted at US$ 100 or Rs. 5000, no matter the estimate, and each lot will be won by the highest bidder at the time of closing. This is the latest auction in a series of 24-hour online auctions introduced by Saffronart. In addition to four annual seasonal auctions, these online sales offer collectors curated online catalogues of select, competitively estimated lots based on a genre or theme, and take place over a 24-hour period.
Following the success of previous three absolute auctions, where both the marketing of the auction, and the bidding itself, were conducted purely online this 24-Hour Absolute Auction offers an ideal opportunity for young collectors to embark on their journeys. With a total of 90 lots, the auction provides unprecedented access to a wide range of art by some of the most renowned modern and contemporary Indian artists, including M.F. Husain, S.H. Raza, F.N. Souza, Akbar Padamsee, Manjit Bawa, Jitish Kallat, Shibu Natesan and T.V. Santhosh.
More information: www.saffronart.com
