Osian's Auction Catalogue Masterpieces and Museum-Quality III | March 2004

133 MASTERPIECES & MUSEUM-QUALITY III 62 K.G. SUBRAMANYAN (b.1924 / Kuthuparambu, Kerala) Ochre Room Signed in Bengali l.l. Acrylic on canvas, 1967 182 x 182 cm (71.7 x 71.7 in) Rs. 800,000 – 900,000 US$ 17,800 – 20,000 GB£ 9,750 – 11,000 OSIANs S.I.R. ANALYSIS [1992–2003] Present Estimate 155.62 Previous Highs 417.41 [So.Lon/08.05.97; Girls in the Garden] 388.07 [HT.Mum/15.11.97; Portrait Gallery] Previous Average 145.71 Auction Average 289.84 Opinion Without a doubt one of the most under-rated artists of Indian contemporary art, especially from the perspective of the historical-financial linkage. However, Subramanyan’s recent Retrospective by the NGMA (New Delhi & Mumbai) has indeed helped generate a greater awareness regarding his immense artistic range and brilliance & its historical significance. The prices of 1997 still dominate the S.I.R. analysis, indicating the sizeable jumps which are expected in the very near future.