Saturday 21 March 2015

Criminal case against Delhi Art Gallery & others for 'fake allegations'

Dispelling the rumours that some of the works in its Significant Indian Art auction on 27th June 2014 were fakes, Bid & Hammer (B&H) has filed a suit under section 200 of the Code of Criminal Procedure, 1973 read with sections 499 and 500 of the Indian Penal Code, 1860, read with section 66a of the Information Technology Act, 2000, before Justice M C Nada Gowda, IInd Additional Chief Metropolitan Magistrate Bangalore, against Ashish Anand of the Delhi Art Gallery (DAG) and others for “defaming” them by making “allegations and insinuations that are clearly and palpably false and render a highly negative image of the works brought to auction by the complainant, despite the highly credible process of authentication. These allegations not only undermine the reputation of the complainant and its directors, experts and employees but also of its consignors such as grand-daughter of the Maharaja of Burdwan, freedom fighter Radha Devi Goenka, actress Namrata Shirodkar and others”.


Buoyed by its recent landmark victory in an art authenticity case, in this suit B&H has dwelt at length about its “formidable reputation as the open market auctioneer of genuine art, artifacts and original paintings of well reputed artists”. It also speaks about the rich legacy of the 1000 year old Dadha family – promoters of the auction house who have been in business for 100 years. “The accused (DAG) have made imputations intentionally and deliberately without clarifications from the complainant to undermine and tarnish the reputation of the complainant in the society,” the defamation suit said. The other accused are Abhilasha Ojha, Kishore Singh and the Times of India newspaper group.

B&H has submitted evidence to establish that in a bid to sabotage its auction and mislead the art collecting fraternity the accused (DAG) continuously posted “offensive material” on social networking sites and made other such undue attempts to tarnish its goodwill and create mistrust among prospective bidders by orchestrating a smear campaign to thwart the auction. Ashish Anand had claimed that 90% of the works were fakes and quoted “The recent development with regard to the authenticity of works by masters at a forthcoming auction has sent alarm bells ringing once again. How do we regulate this? Especially when experts have given their opinion, which is negative, in regard to a very large body of works. We hope people will support our cause and the framing of an art council will attend to all such matters with due urgency”. However, B&H pointed out that as per a news article on 27th June 2014 it was Delhi Art Gallery that had been guilty of selling a fake Rabindranath Tagore work to art collector Vatsal Poddar. Also, Ashish Anand was one of the first few to order a copy of the catalogue when it came out weeks in advance, then why did he wait till the auction day to go to the media asks Ankush Dadha, Director of B&H, as he goes on to state, “A call for a regulatory body spearheaded by a coterie of competitors just on the eve of our auction was in absolute bad taste with the only intent to directly and indirectly scuttle the success of our auction”. He further added, “in any which way such a body will not be tenable as tainted members & art cartels may sit on it to manipulate the market”.

The cause of friction stems from B&H deciding not to accept consignments from DAG after its inaugural auction in January 2008. Even at B&H’s last paintings auction in Delhi DAG and its associates continued their onslaught by making the following statement to a newspaper “Bangalore based Bid & Hammer’s attempt to grab a bite of the lucrative Delhi market has been viewed with something akin to suspicion”, thus demonstrating their insecurity at B&H’s forays in the Delhi art scene. On that occasion DAG had unscrupulously spoken on the provenance of the Ravi Varma works in B&H’s catalogue, a jibe that was silenced by B&H’s rejoinder to the newspaper and followed up by the comprehensive victory in the suit against Kiran Nadar. More recently DAG has also been trying to enter the auction space on its own which has created confusion among buyers due to the conflicts of interest such a model presents – a gallery is meant to be the primary market and an auction house the secondary market and a clear distinction between the two is in the best interest of the buyer. DAG should realize this without trying to compete in an undignified manner to polarize experts and monopolize the market.

Ashish Anand’s tactic of attacking others and claiming that they proliferate fakes is only a defense mechanism to safe-guard his unverified stock hoarding of over 30,000 works, which he has been desperately trying to offload. The numbers are too astounding and to add to the mystery is whether all the works are authentic and carry provenance documents and purchase receipts – thing’s that are easily fabricated by forgers these days. By being seen at auction rooms and picking up a work or two doesn’t imply that the rest of one’s inventory pile can be passed off as genuine. Only a thorough investigation of his transactions can throw light on this.

Nonetheless, this suit might give the much needed peek into the conspiracy theories that plague the art market and consequently coerce art dealers into becoming more transparent.

Rajani Prasanna, daughter of artist K K Hebbar who had also joined hands with Ashish Anand in this smear campaign by questioning the works by her father, very peculiarly did not check the certificate issued by her own sister Rekha Rao. The auction house plans to implead the sisters as well in the suit.

B&H’s competitive pricing has regularly created unease among the dominating local gallery owners who potentially risk losing out on clients that have paid inflated prices for works purchased through them in the past. As a result these gallery owners are ganging-up and indulging in mud slinging. In the higher interest of Indian art, with the objective of quelling such unhealthy attitudes and DAG’s persistent attempts to malign its prowess, B&H, through this suit, has sought for “appropriate action against the accused persons in accordance with law for the offences committed, by punishing them and grant such other further reliefs as are just”.

(Source: http://www.indianshowbiz.com/?p=83498) 

Related Posts:
    

Monday 16 March 2015

The World's Costliest Painting and Indian Art

Combined price of the 5 most expensive paintings by Indian artists is less than the price of 1 Gauguin

                                 












Source: Economic Times, 16 March 2015

Sunday 15 March 2015

Exhorting Johny ML to shut up - Urge for a 'Code of Conduct' for art critics!

Johny Mulluvilakom Lakshmanan's penchant to grab attention every now and then by making imprudent statements and writing preposterous pieces is well known in the art circles. Rubbing people and institutions on the wrong shoulder is nothing new to this art historian and art critic from Kerala - whether exhorting PM Modi to start a debate because of the Pune Biennale 2015 debacle (of which he was the project director) or stating that Prof. Rajeev Lochan should be out of the NGMA or unimpressively shooting down opinions of senior scholars and curators, there are many in the  Indian art fraternity  who believe that there should be a Code of Conduct for art critics and historians  or an association on the lines of Association of Art Historians (AAH) UK to ensure that a certain dignity in approach and comments is maintained.


It doesn't suit someone to indulge in mud slinging and go pooh-poohing proudly that by doing so they become brave and outspoken under the garb of artistic freedom of speech and expression. The Pune fiasco might not have been so much about the artworks as it was more about  Johny ML's defiance against local authorities and sentiments  as the other works depicting nudes were not asked to be removed by the uniformed miscreants who were exceptionally  outraged by Noida based artist-duo Manil-Rohit's work. Such controversies can easily be avoided if Indian curators  exercise reasonable caution and demonstrate appreciation of  regional cultural sensibilities. 

Related Posts:

Wednesday 11 March 2015

Neville Tuli, Osian's Connoisseurs declared as defaulters by IDBI Bank

In a newspaper advertisement, IDBI Bank said Tuli and Osian’s Connoisseurs together owe it Rs59.20 crore as on 1st March, and the Bank holds second charge on the offices of the company


IDBI Bank, through an advertisement in a newspaper has declared Neville Tuli, promoter and personal guarantor of Osian's Connoisseurs of Art Pvt Ltd, and the company, a defaulter. The Bank says that it holds second charge of the office premises of the company situated in Nariman Bhawan in Mumbai.


The notice, which includes a photograph of Tuli says, "It is hereby notified to the public at large that the above mentioned borrower failed and neglected to pay the instalments of principal, interest and other monies to IDBI Bank with respect to the financial assistance granted to the borrower. The borrowers are required to pay the outstanding sum or Rs59.20 crore as on 1 March 2015 together with interest thereon till the date of payment in terms of various loan documents executed by them in favour of IDBI Bank."

The Bank also cautioned people against dealing with the property as huge dues are recoverable from Tuli and his company.

The notice is issued by the Bank's NPA Management Group.

Earlier in April 2013, market regulator Securities and Exchange Board of India (SEBI) had asked Osian’s-Connoisseurs, which managed Osian's Art Fund, to wind up its existing collective investment scheme (CIS) and refund the money collected from investors. SEBI also referred the case to the state government and the police for filing a civil or criminal case against Osian's and its promoters, directors and persons in-charge of its CIS. In addition, SEBI had also requested the Ministry of Corporate Affairs (MCA) to initiate proceedings to wind up the Art Fund.

Osian's raised Rs102.40 crore from 656 unit holders across 39 cities, most of them high net-worth individuals (HNIs). The scheme used to declare NAVs showing 30% returns, but when it was time for redemption, the money was not forthcoming. The scheme was wound up on 10 July 2009.

At present, the case is pending before the Securities Appellate Tribunal (SAT).

Meanwhile, in January 2015, Tuli, the chairman of Osian's group launched Osianama - India's Arts, Auto Cine & Culture Centre at the iconic art-deco Liberty Cinema in Mumbai. Osianama also launched its Vintage and Classic Automotive Club, which it claims is a unique initiative to bring the world of automotive 'cultural treasures' to both connoisseurs and students in the form of events, exhibitions, discussions, master classes and seminars. 


Related Posts: 


Tuesday 10 March 2015

Indian Artists in Top 500 Artists by Auction Revenue in 2014

SL NO.
Rank
Artist
Auction Turnover ($)
Sold Lots
Top Hammer Price ($)
1
173
Anish Kapoor (1954)
1,08,06,042
40
15,00,000
2
235
Francis Newton Souza (1924-2002)
78,37,898
222
14,00,000
3
243
Nicolas Konstantinov Roerich (1874-1947)
76,76,780
17
21,79,190
4
275
Tyeb Mehta (1925-2009)
66,50,686
6
24,21,000
5
429
Vasudeo S Gaitonde (1924-2001)
37,99,700
4
21,00,000
6
496
Maqbool Fida Husain (1915-2011)
32,75,069
54
3,18,953
                                                            Source: Artprice.com