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Legendary M . F. HUSSAIN - THE PAINTER , FILM MAKER .. or SAY PICASSO OF INDIA ''' PASSES AWAY IN LONDON

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India's most famous modern artist M.F. Husain died on Thursday in London, media reports said citing family members.Husain, who was aged 95 and known as the "Picasso of India", died at the Royal Brompton hospital in London. "India didn't have the privilege of seeing him in his last moments, that is a huge loss for this country," Jitish Kallat, one of India's leading young artists, told NDTV news. "As an artist several decades younger than him, I feel like a part of the canopy has blown off," he said. "He evolved the public notion of what it meant to be an artist in this country." Maqbool Fida Husain , a Muslim formerly based in Mumbai, was accused by Hindu hardliners of insulting their faith for portraying goddesses in the nude in some of his paintings - a depiction that he said symbolised purity.Following threats by a radical Hindu group and thousands of legal cases filed against him for offending "Hindu sentiment,...
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Art News You May likeFROM THE STREET - AAJ ART MEDIA

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High-End Art Poses Possibility for Investors By   Joe Mont 01/03/11 - 08:00 AM EST   BOSTON ( TheStreet ) -- Despite the economic volatility of the past couple of years, the art market continues to set records. Back in November, hedge-fund billionaire Steven Cohen bought Andy Warhol's 1962 painting   Coca-Cola   for $35.4 million at auction. Another Warhol, at a seperate auction lasy year,   Men in Her Life , a black-and-white silkscreen depicting Liz Taylor and Debbie Reynolds, sold for more than $63 million. Overall, the modern pop artist is poised to join the ranks of Monet and Picasso in terms of appraisals and sales. Andy Warhol is poised to join the ranks of Monet and Picasso in terms of appraisals and sales, just as some are looking at high-end art as a securitizable commodity. Given the massive inflows and outflows of art collectors, is artwork ready to take the leap from hobby to commodity, from private equity to mutual funds? A small but growing mov...
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