5 Minutes Read

Sotheby’s & Hefty.art tie up to auction MF Husain painting Fury — physically and as an NFT

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The sale of ‘Fury’ marks the first of many NFTs to be released by Hefty Art of artworks by some of the most recognised curators and artists from across the world. M.F Husain completed ‘Fury’ in 2000, the year that marked the infamous crash of the ‘dot com era’ triggered by the rise and fall of technology stocks.

Are you a fan of MF Husain’s work? Then this is your opportunity to buy the legendary artist’s iconic painting ‘Fury’. Web 3.0 art space has partnered with iconic auction house Sotheby’s to bring under the hammer the painting created by Husain in 2000. In what is being discribed as a “phygital” action of the legendary artist’s work, art enthusiasts can not only buy the physical version, but also get the an NFT of the work.

The painting will be offered alongside the Modern and Contemporary South Asian Sotheby’s Auction on October 25 2022. The works, which are estimated in excess of $120,000, will be sold as a single lot online with cryptocurrency payments accepted, to coincide with the live auction at Sotheby’s in London

Lauded by collectors across the globe, M.F Husain’s work has been exhibited extensively and internationally at institutions including the Serpentine Gallery and V&A Museum in London and the Qatar Museum of Islamic Art, Doha.

ALSO READ: Explained: NFT whitelists and how to get yourself on these exclusive lists

The sale of ‘Fury’ marks the first of many NFTs to be released by Hefty of the most recognised curators and artists from across the world. Husain completed ‘Fury’ in 2000, the year that marked the infamous crash of the ‘dot com era’ triggered by the rise and fall of technology stocks.

“In the two decades since, advancement and adoption of the internet and technology in every sphere of daily life, including the art world, has taken place across the globe. The sale of ‘Fury’ marks the first of many NFTs to be released by HEFTY.art of artworks by some of the most recognised curators and artists from across the world,” HEFTY.art said in a press release.

ALSO READ: A look at three of the biggest NFT flops this year

Since launching its first NFT sale in 2021, Sotheby’s has witnessed a meteoric rise in this category with approximately $100 million in sales and multiple benchmarks set, including the record for a single CryptoPunk ($11.8m) and a single Bored Ape ($3.4million). Last year, Sotheby’s also launched The Metaverse — a first-of-its-kind dedicated NFT marketplace — to serve as a destination for additional NFT sales.

;Fury; is a manifestation of Husain’s raw passion as an artist, his journey from rags to riches, and the tribulations and triumphs of his career. Husain completed the first of a series of horse paintings in Dubai, and is his most iconic and widely recognized work.

ALSO READ: General Atomics partners with Indian startup for next generation computer chips

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

COVID-19: We’re working to deploy more support and supplies to India, says US

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The United States of America on Sunday said that it’s working closely with the Indian government amidst the ‘horrific’ COVID-19 outbreak.

The United States of America on Sunday said that it’s working closely with the Indian government amidst the ‘horrific’ COVID-19 outbreak.

“Our hearts go out to the Indian people in the midst of the horrific COVID-19 outbreak. We are working closely with our partners in the Indian government, and we will rapidly deploy additional support to the people of India and India’s health care heroes,” tweeted US Secretary of State Antony Blinken.

White House National Security Advisor, Jake Sullivan, also tweeted that the US is deeply concerned by the severe COVID outbreak in India.

“US is deeply concerned by severe COVID outbreak in India. We’re working around the clock to deploy more supplies and support to our friends and partners in India as they bravely battle this pandemic. More very soon, he tweeted.

Several US lawmakers, eminent Indian-Americans and the powerful US Chambers of Commerce have voiced their concerns over the grim situation in India and have asked the Biden administration to extend assistance, release vaccines and other raw materials critical for India’s fight against the deadly virus.

Indian-American Congressman Raja Krishnamoorthi urged the Biden administration to release doses of the AstraZeneca vaccine to countries currently experiencing the deadly surge in COVID-19 cases. When people in India and elsewhere desperately need help, we can’t let vaccines sit in a warehouse, we need to get them where they’ll save lives, the Democratic Party lawmaker said.

We are currently sitting on close to 40 million doses of the AstraZeneca vaccine in the US stockpile, a stockpile which we’re not using and which we’ve already opened to combat COVID-19 in Mexico and Canada, he said.

(With inputs from PTI)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Bibhu Mohapatra puts Odisha textiles and weaves on the global fashion map

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Mohapatra, who counts among his clients the former first lady of the US, Michelle Obama and icons such as Oprah Winfrey, is now ready to go back home for a more in-depth collaboration with the state government.

Ten years ago, when Odisha-born and New York-based designer Bibhu Mohapatra, who counts among his clients the former first lady of the US, Michelle Obama and icons such as Oprah Winfrey and Gwyneth Paltrow, quit his job as the Design Director at J.Mendel and launched his eponymous label at the New York Fashion Week 2009, his designs focused more on what western fashion is obsessed with – construction, cut and silhouette.

odisha ikat.
Odisha ikat.

Over the years, he did use some of the weaving and textile traditions from his home state, particularly the stunning Odisha ikat to create interesting juxtapositions, but in ephemeral ways. More in-depth collaboration with the talented weavers back home happened seven years ago, when he worked with them to produce 35 designs for a project headed by textile historian Rta Kapur Chisti. “Even today, these are being used by weavers as a design base and have to prove to be successful because of the modern design language.”

Mohapatra is now ready to go back home for a more in-depth collaboration with the state government and the weavers in a bid to put them on the national and international stage. In Mumbai to launch a new range of fine crystals by Preciosa, a brand that works with the fashion and jewellery industries, he took time out to talk about his association with Odisha’s weavers, his work in the world of jewellery and his label a decade later.

Reinventing Odisha’s weaves for the modern world

For years, Mohapatra has been in conversation with Odisha’s chief minister Naveen Patnaik about setting up an institute to promote the state’s weaving and craft traditions. “The thought is to establish an institute that would not just put the weavers and craftsmen, the men who create the beautiful filigree jewellery and the lovely ikat, under one roof, but to also foster a cultural exchange programme under which artists and artisans from other parts of India and the world can train and imbibe the state’s traditions. Fortunately, the world is not yet exposed to many of the state’s beautiful crafts and weaving traditions and there are a lot of opportunities we can explore.”

Last year, Mohapatra teamed up with the state government for the ‘Make in Odisha’ conclave, for which he created a special collection using Ikat and other weaves, as part of the Handloom Revival Project. “I challenged the artisans to create new shapes, new prints and then mix them with modern elements and interesting colour combinations. We blended textiles such as silk and cotton. The idea was to see how creative economies can help foster pride in our heritage and bring economic prosperity to the artisans.”

Bibhu odia sari
Odia sari.

Mohapatra is now heading back to Odisha to work with weavers on a more permanent footing. “I am looking at launching a project where the narratives of the artisans will reach the customers buying the saris or the textiles. They need to know the people who weave these beautiful textiles. I plan to offer two designs to each weaver household and their job is to work with them in interesting ways. On a sari’s pallu or the corner of the pieces of home furnishing, they will ikat weave their names so that they do not remain nameless, faceless artisans.”

Each sari or home furnishing will be sold with a booklet detailing the history and other information about the weave or the textile. “We have to let the audience know that the product is so special because of the people who make them and offer the weavers an identity they have a right over. Mohapatra is speaking the language of the global marketplace when he says that it is not just the government’s job to promote India’s weaving heritage; it is ultimately a consumer’s responsibility to wear it, promote it and support it, much like Europe does with its centuries-old traditions of textiles, jewellery and even watchmaking. “We can’t keep blaming the government for the state of things or the weaver’s plight.”

What he will bring to the table is the design input. “Our job is to repackage the crafts and weaves for modern users. This project will be challenging for weavers too; it is not about throwing money at them for doing some work. It is about respecting their skills so that they allow their children to be part of their heritage.” Like most designers who work with weavers, he bemoans the fact that how kids from weaving families are giving up family tradition because of lack of opportunities, recognition and money, opting instead for soulless call centre jobs.

Mohapatra will also be launching his label in India soon, one that would be “made for Indian women, will be in sync with my craft and design aesthetics, and will involve the Odisha weavers. The lifestyle of Indian women has gone through a transformation. I can’t just give them weaved textile or a sari and hope they will be accepting of it; this is where I will bring in my design input.”

More importantly, the India edition of his label will take the country’s value-for-money culture into consideration. “By the time a $1500 top I made in the US comes to India, its price is $2000 because of the import duties, which is ridiculous. So the India collection will have to be made especially for this market and reach a bigger audience. The price points will be sharper.”

On his celebratory collection for NY Fashion Week 2019

mohapatra fall winter
Mohapatra Fall-Winter Collection.

Earlier this year, Mohapatra was back on the stage that launched his career as an independent designer, with a Fall/Winter 2019 collection. “I have designed for many inspiring women over the years, some of them in the public eye, while others who are under the radar and yet are very strong, opinionated women. The collection is a tribute to them and their personal histories and stories. But it is also a tribute to the artisans and craftsmen I have worked with, besides paying homage to my husband and partner of 20 years, Bobby (Beard), who is an artist. I took his drawings and translated them onto my clothes and embellished them with Preciosa crystals.” One of the elaborate dresses he embellished with Preciosa crystals, in fact, went on to be showcased at Fashion Institute of Technology in New York as part of an exhibition called ‘Fairytales’ –  the light lavender fully embroidered dress, he says, is “a dreamy, modern dress which makes the wearer look like she has just emerged from water”.

mohapatra fall winter
Mohapatra Fall-Winter Collection.
mohapatra fall winte
Mohapatra Fall-Winter Collection.

His Fall/Winter 2019 collection is inspired by the magnificent garden of Mount Stewart in Northern Ireland. “It is a world-famous garden started by the strong women of the Londonderry family. They travelled the world, collecting plants and saplings at a time when horticulture was seen as a male bastion.” For the collection, Mohapatra used machine-woven fabrics that are on the cusp of modernity and tradition; they recreate traditional fabrics such as the fill coupe jacquard and organza or jungle lace. “The fusion of modern technology and traditional textile will be the future of fashion. That, and sustainability; we will begin to look at fashion as not greed, but a need. We will recycle materials; use sustainable processes to say, dye them; go back to age-old weaving and crafting traditions that are far more sustainable; and hopefully, will buy less but buy quality.”

A designer as a jeweller

Mohapatra was also in India to launch Preciosa’s new ‘Alpha’ stones with a stunning piece of jewellery – the Taj, a headpiece crafted out of gold and studded with crystals. “I have collaborated with the brand on many-a-fashion collections. This stone, however, is particularly made for jewellery so I created the ‘Taj’, a sculptural headpiece that references the ones I used in my Fall/Winter 2019 show, but in precious metal. The idea was to create a piece that stands for power, and hence the name ‘Taj’.” The striking headpiece in brushed metal is a modern take on a tiara and was hand-crafted in Mumbai.

Fashion_Designer,_Bibhu_Mohapatra
Bibhu_Mohapatra.

The designer, who collaborates with DeBeers on his maiden jewellery collection, says, “I did not know anything about diamonds except that they sparkle before I began working with jewellery.” His first memory of jewellery was a curious young man who wanted to know what the red potli in his mom’s custody, held. “She opened it one day and it had beautiful jewels in it, jewels that had been handed over, generation by generations till she inherited. When I touched them I felt I had connected with my ancestors. Jewellery has a unique power of telling stories about the past, particularly the way Indians treat jewellery and the role they play at the important events of our life, from weddings to childbirth to a festival, when they are gifted or accepted as gifts.”

Deepali Nandwani is a journalist who keeps a close watch on the world of luxury.

Read her columns here.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?