Hi Lakshya,

Thank you for contacting Mearto with your appraisal inquiry.

This biographical blurb on MF Husain was taken from AskArt:
"After a brief stint at the Indore Art College, Husain migrated to Mumbai and supported himself painting cinema hoardings. In 1947 he became a founder member of the Progressive Artists' Group, and in 1968, he won the Golden Bear for his film Through the Eyes of a Painter. His work showed in major solo exhibitions around the world up until the final years of his life, including, most recently, the Peabody Essex Museum in Salem, Mass., USA, and the Asia Art Gallery in London. It also showed in many important international exhibitions, in cities like Geneva, New York, Washington D.C., Oxford, and at the Tate Gallery, London (1982). In 1971, his work showed alongside Picasso's at the Sao Paulo Biennial.
He was honored copiously throughout his life. He received honorary doctorates from Benares Hindu University, Jamia Millia Islamia and Mysore University. Between 1986 and 1992, he was a Member of Parliament in India. The Government of India awarded him the prestigious Padma Shri award in 1955, the Padma Bhushan in 1973 and the Padma Vibhushan in 1989. In 1997, he received the Aditya Vikram Birla Kala Shikhar Award for lifetime achievement.
Husain was born in 1915 in Pandharpur, Maharashtra, in India. He passed away in London in 2011."
Husain's works can bring high five-figure and six-figure prices as long as they are authenticated by recognized experts and sold in sales focusing on contemporary Southeast Asian work. I'm not an expert on his work but if it checks out, this is similar in size and composition to a work of his that sold in London in 2023 for $216,000 (£177,800) against an estimate of $121,710 - $182,560 (£100,000 - £150,000)
Based on the photos and information provided, and subject to examination, this is:

Maqbool Fida Husain (1913 - 2011)
Untitled (Horse), n.d.
Depicting a rearing stallion against a red background with yellow/orange sun, signed upper right.
oil on canvas
24 by 18 inches
CONDITION: Unframed.
PROVENANCE: Acquired at a flea market
£ 100,000-150,000*
*represents a fair-market value for auction purposes; retail or asking price may vary.

Please let us know if you have additional items to appraise, or questions/concerns, and thank you again for using Mearto.
~ Delia