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  • Newly Discovered Indian Masterwork To Lead Sotheby's Modern & Comtemporary South Asian Sale

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    RECLUSIVE MASTER VASUDEO S. GAITONDE'S “PAINTING NO. 1” COMES TO AUCTION FOR THE FIRST TIME AFTER 50 YEARS IN A PRIVATE NEW YORK COLLECTION On 11 June 2013, Sotheby's will present a 20th Century masterpiece by Indian artist, Vasudeo S. Gaitonde as the pre-eminent highlight of its Modern and Contemporary South Asian Art auction. Coming to the market for the first time in 50 years, Vasudeo Gaitonde’s luminous Painting No.1, of 1962, was acquired in New York during the 1960s and is believed to have previously been in the collection of the celebrated collector and philanthropist John D. Rockefeller III, one of the earliest Western patrons of Indian modern art. Estimated at £250,000-450,000, the large 50 x 50 inch oil on canvas has the hallmark radiance Gaitonde’s key works from this important year in his career. Consigned to an attic for many years and discovered during a valuation by one of Sotheby’s New York specialists, the work’s owners were unaware that it was a painting by one of India’s most important artists. Gaitonde will be the subject of an historic forthcoming solo retrospective at the Guggenheim Museum in New York which would be the first time a Modern Indian painter has featured in a major American institution. Priyanka Mathew, Sotheby’s Head of Sale, South Asian Modern and Contemporary Art, New York recalled: ““When I saw this beautiful painting hanging in its owner’s home, I knew at once it was by Gaitonde. I climbed a ladder, turned the painting around and there was my confirmation: “Painting No.1” dated 1962 with Gaitonde’s signature in English and Devanagri. It was an incredibly exciting moment. The painting is the first of a series of works Gaitonde produced in this year. Painting No. 4 of the same series is currently in the permanent collections of the Museum of Modern Art in New York.”

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    RECLUSIVE MASTER VASUDEO S. GAITONDE'S “PAINTING NO. 1” COMES TO AUCTION FOR THE FIRST TIME AFTER 50 YEARS IN A PRIVATE NEW YORK COLLECTION On 11 June 2013, Sotheby's will present a 20th Century masterpiece by Indian artist, Vasudeo S. Gaitonde as the pre-eminent highlight of its Modern and Contemporary South Asian Art auction. Coming to the market for the first time in 50 years, Vasudeo Gaitonde’s luminous Painting No.1, of 1962, was acquired in New York during the 1960s and is believed to have previously been in the collection of the celebrated collector and philanthropist John D. Rockefeller III, one of the earliest Western patrons of Indian modern art. Estimated at £250,000-450,000, the large 50 x 50 inch oil on canvas has the hallmark radiance Gaitonde’s key works from this important year in his career. Consigned to an attic for many years and discovered during a valuation by one of Sotheby’s New York specialists, the work’s owners were unaware that it was a painting by one of India’s most important artists. Gaitonde will be the subject of an historic forthcoming solo retrospective at the Guggenheim Museum in New York which would be the first time a Modern Indian painter has featured in a major American institution. Priyanka Mathew, Sotheby’s Head of Sale, South Asian Modern and Contemporary Art, New York recalled: ““When I saw this beautiful painting hanging in its owner’s home, I knew at once it was by Gaitonde. I climbed a ladder, turned the painting around and there was my confirmation: “Painting No.1” dated 1962 with Gaitonde’s signature in English and Devanagri. It was an incredibly exciting moment. The painting is the first of a series of works Gaitonde produced in this year. Painting No. 4 of the same series is currently in the permanent collections of the Museum of Modern Art in New York.”

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    Newly Discovered Indian Masterwork To Lead Sotheby's Modern & Comtemporary South Asian Sale

    Uploaded by

    Gavel
    RECLUSIVE MASTER VASUDEO S. GAITONDE'S “PAINTING NO. 1” COMES TO AUCTION FOR THE FIRST TIME AFTER 50 YEARS IN A PRIVATE NEW YORK COLLECTION On 11 June 2013, Sotheby's will present a 20th Century masterpiece by Indian artist, Vasudeo S. Gaitonde as the pre-eminent highlight of its Modern and Contemporary South Asian Art auction. Coming to the market for the first time in 50 years, Vasudeo Gaitonde’s luminous Painting No.1, of 1962, was acquired in New York during the 1960s and is believed to have previously been in the collection of the celebrated collector and philanthropist John D. Rockefeller III, one of the earliest Western patrons of Indian modern art. Estimated at £250,000-450,000, the large 50 x 50 inch oil on canvas has the hallmark radiance Gaitonde’s key works from this important year in his career. Consigned to an attic for many years and discovered during a valuation by one of Sotheby’s New York specialists, the work’s owners were unaware that it was a painting by one of India’s most important artists. Gaitonde will be the subject of an historic forthcoming solo retrospective at the Guggenheim Museum in New York which would be the first time a Modern Indian painter has featured in a major American institution. Priyanka Mathew, Sotheby’s Head of Sale, South Asian Modern and Contemporary Art, New York recalled: ““When I saw this beautiful painting hanging in its owner’s home, I knew at once it was by Gaitonde. I climbed a ladder, turned the painting around and there was my confirmation: “Painting No.1” dated 1962 with Gaitonde’s signature in English and Devanagri. It was an incredibly exciting moment. The painting is the first of a series of works Gaitonde produced in this year. Painting No. 4 of the same series is currently in the permanent collections of the Museum of Modern Art in New York.”

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    Press Release London

    For Immediate Release

    London | +44 (0)20 7293 6000 |Leyla Daybelge | Leyla.Daybelge@sothebys.com New York | +1 212 606 7176 | Lauren Gioia | Lauren.Gioia@Sothebys.com | Ali Malizia | Alexandra.Malizia@Sothebys.com

    NEWLY DISCOVERED MASTERWORK TO LEAD SOTHEBY'S SALE OF MODERN AND CONTEMPORARY SOUTH ASIAN ART RECLUSIVE MASTER VASUDEO S. GAITONDE'S PAINTING NO. 1 COMES TO AUCTION FOR THE FIRST TIME AFTER 50 YEARS IN A PRIVATE NEW YORK COLLECTION

    Vasudeo S. Gaitonde, Painting No.1, 1962, estimated 250,000-450,000

    London - On 11 June 2013, Sotheby's will present a 20th Century masterpiece by Indian artist, Vasudeo S. Gaitonde as the pre-eminent highlight of its Modern and Contemporary South Asian Art auction. Coming to the market for the first time in 50 years, Vasudeo Gaitondes luminous Painting No.1, of 1962, was acquired in New York during the 1960s and is believed to have previously been in the collection of the celebrated collector and philanthropist John D. Rockefeller III, one of the earliest Western patrons of Indian modern art. Estimated at 250,000-450,000, the large 50 x 50 inch oil on canvas has the hallmark radiance Gaitondes key works from this important year in his car eer. Consigned to an attic for many years and discovered during a valuation by one of Sothebys New York specialists, the works owners were unaware that it was a painting by one of Indias most important artists.

    Gaitonde will be the subject of an historic forthcoming solo retrospective at the Guggenheim Museum in New York which would be the first time a Modern Indian painter has featured in a major American institution. Priyanka Mathew, Sothebys Head of Sale, South Asian Modern and Contemporary Art, New York recalled: When I saw this beautiful painting hanging in its owners home, I knew at once it was by Gaitonde. I climbed a ladder, turned the painting around and there was my confirmation: Painting No.1 ; dated 1962 with Gaitondes signature in English and Devanagri. It was an incredibly exciting moment. The painting is the first of a series of works Gaitonde produced in this year. Painting No. 4 of the same series is currently in the permanent collections of the Museum of Modern Art in New York.

    The back of the painting with Gaitondes signature

    During the 1960s, Gaitonde turned away from his earlier geometric works and began to experiment with a paint roller and palette knife, scraping away and reapplying layers of pigment - his concern no longer with representation, but the painted surface himself. It was during this time that the artist capitalised on the support of his strong connections in America. His exhibitions at New York galleries, Graham Gallery in 1959 and Gallery 63 in 1963, were well received and allowed his works to come to the attention of the John D. Rockefeller 3rd Fund at the Asia Society whereby the fund recommended his works. Gaitonde subsequently received a Rockefeller grant in 1964 for a stay in New York. In this stellar work that is in pristine condition, one can see the meditative influences of colour-field artists such as Mark Rothko and Barnett Newmann. Whether the undulating olive-green and sea green tones offset with the fiery red bindu, could be a primordial sea or a view of the Ganges at sunrise, it is the interplay of colours and textures that give Gaitonde's works its phosphorescent effect. Unusual to this work are the blue tones that give the mystical calligraphy further depth. Yamini Mehta, Sothebys International Head of South Asian Art commented: This is the first work in a small and highly important series of paintings Gaitonde executed at a critical stage in his career. Due to his slow and meticulous method of working, he produced very few canvases during his lifetime. His works are typically monochromatic, so this exquisitely subtle and incandescent work, offers the opportunity for a collector to purchase an outstanding and exceptionally rare work by one of Indias leading Modern masters.

    FOR MORE NEWS FROM SOTHEBYS Visit: www.sothebys.com/en/inside/services/press/news/news.html Follow: www.twitter.com/sothebys & www.weibo.com/sothebyshongkong Join: www.facebook.com/sothebys Watch: www.youtube.com/sothebys

    Sothebys has been uniting collectors with world-class works of art since 1744. Sothebys became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sothebys presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sothebys BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sothebys offers collectors the resources of Sothebys Financial Services, the worlds only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Contemporary Art department, and two retail businesses, Sothebys Diamonds and Sothebys Wine. Sothebys has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID). *Estimates do not include buyers premium and prices achieved include the hammer price plus buyers premium.

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