NEW YORK, N.Y.- On 15 September 2011 Sotheby’s will present Modern and Contemporary South Asian Art including Indian Miniature Paintings as part of the week of Asian art auctions. The sale offers approximately 90 works dating from 18th century miniatures to paintings and sculpture from some of the leading names in Indian Modern art. Among the many highlights of the sale is The Cobweb Cloud by Jehangir Sabavala, one of the most important paintings by the artist ever to appear at auction (est. $220/280,000) and Eglise, a 1962 abstract work by SH Raza (est. $300/500,000). The sale also includes a strong group of paintings by the other leading Modern Indian painters such as MF Husain, Jagdish Swaminathan, Ravi Varma, and Jamini Roy. Overall the auction is expected to fetch $2.5/3.6 million* with the pre-sale exhibition opening on 9 September. Jehangir Sabavala’s Cobweb Cloud is one of the artist’s most important wo