Article: Indian modern art fetches 4.28 million pounds in London auction

Report from Indo-Asian News Service brought to you by HT Syndication.

London, May 3 -- A painting by Francis Newton Souza fetched the top price of 580,500 pounds - outperforming old masters Tagore and Jamini Roy - at an auction of Indian modern and contemporary art at Sotheby's Friday.

The painting, tilted The Red Road, was hotly contested by at least seven bidders before selling to a client on the telephone, Sotheby's said

One of the stars of the sale, the canvas was a gift from Souza, who died in 2002, to his wife Maria in 1962, a period widely acknowledged as the artist's most successful. The painting was exhibited at the Hayward Gallery in London in 1989.

The Souza was among 120 ...

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