How India's 'biggest art deal' buried MF Husain masterpieces in a bank vault
Summary
Twenty-five paintings by famous Indian artist MF Husain will be auctioned in Mumbai. These paintings, stored in a bank since 2008 due to a legal case involving a businessman, will be seen by the public for the first time at this event.Key Facts
- The paintings are by MF Husain, a well-known Indian artist often compared to Picasso.
- The paintings have been kept in a bank vault since 2008.
- They were seized from a businessman due to an alleged unpaid loan.
- The auction will take place at Pundole Art Gallery in Mumbai on 12 June.
- The gallery director, Dadiba Pundole, expects the auction could make up to $29 million.
- A previous Husain painting sold for $13.8 million, the highest amount for an Indian artwork at that time.
- Husain began these paintings in the early 2000s, but they have never been publicly shown before.
- Legal issues around the paintings arose from a business deal between Husain and a businessman in 2004.
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