Indian auction house explores NFT-based sales; check out the works here

Auction house Prinseps is all set to host the first-ever online NFT auction in India on January 14, 2022 at 7pm. The Gobardhan Ash Live Auction will be open for live bidding, and will offer 35 rare works on paper from the family estate alongside 35 accompanying NFTs to go under the hammer. (Gobardhan Ash. Image courtesy of Prinseps)

Village Woman, ETHEREUM. (Image courtesy of Prinseps)

Non-fungible tokens have bought in a revolution in the art world, a unique digital asset or a token, that can be minted, recorded and traded on blockchain technology platforms that enables easy identification of the owner of a specific artwork. (Gobardhan Ash. Image courtesy of Prinseps)

Roy Bahadur, (ETHEREUM. Image courtesy of Prinseps)

The upcoming auction will offer each of Ash’s physical works on paper, immediately followed by its accompanying digital versions offered as NFTs (Non-Fungible Tokens) minted on the Ethereum blockchain. (Gobardhan Ash. Image courtesy of Prinseps)

Orphan. (ETHEREUM. Image courtesy of Prinsep)

The key highlights of the upcoming auction include Village Woman, 1950 that depicts a character study of a village woman and traditional women clothing worn in rural India; After Raid, ETHEREUM. Image courtesy of Prinseps

The Gobardhan Ash Auction re-creates the second exhibition of the Progressive Artists’ Group and Calcutta Group, 1950, in which Gobardhan Ash presented a series of gouache works alongside FN Souza, MF Husain and SH Raza amongst others. (Gobardhan Ash. Image courtesy of Prinseps)

As per Prinseps, all 35 of the works on paper carry an estimate of Rs 30,000 - 1,50,000, and the NFTs are estimated at Rs 1,000 - 25,000 - offering accessible prices to newer collectors exploring the NFT market for the first time. (Gobardhan Ash. Image courtesy of Prinseps)

Prinseps Vice-President and curator Brijeshwari Kumari Gohil noted in the press statement, “The Gobardhan Ash auction has been curated and planned with great detail and responsibility to build on art history. We begin our auction with these avatars, one physical artwork followed by its NFT." (Gobardhan Ash. Image courtesy of Prinseps)

In The Sun, ETHEREUM. (Image courtesy of Prinseps)

FA-HI-AN, ETHEREUM. (Image courtesy of Prinseps)

An Impression, ETHEREUM. (Image courtesy of Prinseps)

Temple of Shiva, ETHEREUM. (Image courtesy of Prinseps)

Hypocrite, ETHEREUM. (Image courtesy of Prinseps)

"We are proud to re-create an exhibition that happened in the 1950s, that bears semblance to the crypto punks movement, but from seven decades ago," added Gohil. (Gobardhan Ash. Image courtesy of Prinseps)

The Pipe, ETHEREUM. (Image courtesy of Prinseps)

Joy, ETHEREUM. (Image courtesy of Prinseps)

The Horse, ETHEREUM. (Image courtesy of Prinseps)

Startled, ETHEREUM. (Image courtesy of Prinseps)

Kathakali (II), ETHEREUM. (Image courtesy of Prinseps)

Khoka Babu, ETHEREUM. (Image courtesy of Prinseps)

Boggy Land, ETHEREUM. (Image courtesy of Prinseps)

Comrade, ETHEREUM. (Image courtesy of Prinseps)

Rupkatha, ETHEREUM. (Image courtesy of Prinseps)

Pilgrim (II), ETHEREUM. (Image courtesy of Prinseps)

Hill Girl, ETHEREUM. (Image courtesy of Prinseps))

A Doll, ETHEREUM. (Image courtesy of Prinseps)

Watchman, ETHEREUM. (Image courtesy of Prinseps)

At Rest, ETHEREUM. (Image courtesy of Prinseps)

Prayer, ETHEREUM. (Image courtesy of Prinseps)

Experience, ETHEREUM. (Image courtesy of Prinseps)