A large Company School album of watercolours
of costumes, craftsmen, trades and processions in India providing a
fascinating insight into the culture of the early 1800s will go under
the hammer in LONDON next month and is expected to fetch anything between
200,000 and 300,000 pounds. This album is remarkable for the size,
quality and range of subjects of the watercolours, the auction house
said. It will be sold in Sotheby's Arts of the Islamic World sale on
April 24. In an era before cameras and photography, administrators,
officials and visitors to the East India Company would commission such
albums, painted by local Indian artists to bring back and show their
friends and relatives. Superior to the majority of similar related
productions of Company patronage, the album is remarkable for both its
size and quality, and also for its uncommon subject matter. Alongside
depictions of craftsmen, processions, dancers and contemporary costumes,
the album also contains a self- portrait showing the artist at work.
Among other characters illustrated are a fisherman, doctor, barber,
goldsmith, a dressing servant and dancing girls. All in all, the album
includes 35 large sheets bound in their original leather covers. The
album contains some interesting and rare portraits. The focus of the
album as well as its pictorial style is the southern and eastern regions
of India. A very similar album is in the India Office Collections in
the British Library here.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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