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

76 OSIAN’S 29 NIKHIL BISWAS (1930-66 / b. Calcutta, West Bengal) Woman Oil on canvas, c.1956 61.0 x 49.5 cm (24.0 x 19.5 in) Minor conservation and cleaning has been carried out by Kayan Marshall Pundole, Mumbai January 2004. Rs. 350,000 – 425,000 US$ 7,800 – 9,450 GB£ 4,250 – 5,200 OSIANs S.I.R. ANALYSIS [1999-2002] Present Estimate 747.86 Previous High 790.80 For work on canvas [Os. Mum/05.12.02] Previous Average 160.70 For all works Opinion It is only recently that paintings & drawings by Nikhil Biswas have begun to receive the kind of acclaim and correct historical context long overdue. There is still a long way to go before his artistic and financial values find a genuine and stable equilibrium, around the average 225-50 S.I.R. valuation by 2005 end.