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Yashoda and Krishna: Raja Ravi Varma Painting Sets Indian Art Record with $17.9m Sale
The 1890s canvas sold after seven minutes of bidding, more than doubling its ₹80 crore lower estimate and setting a new auction record.
- On Wednesday, April 1, Raja Ravi Varma's 1890s masterpiece 'Yashoda and Krishna' sold for $17,978,495 at Mumbai-based Saffronart auction, setting a world record for the highest-value work of modern Indian art ever sold.
- Intense seven-minute bidding drove the price well past its estimate, surpassing the previous $13.8 million record held by MF Husain's 1954 'Untitled .'
- Cyrus Poonawalla, chairman and managing director of the Serum Institute of India, purchased the painting, describing the acquisition as a 'privilege and a responsibility' while ensuring the work remains in India.
- Ashish Anand, CEO and managing director of DAG, noted the sale is a 'defining moment for the Indian art market,' demonstrating deep confidence in works of true art-historical importance.
- Minal Vazirani, president and co-founder of Saffronart, called the sale a 'powerful reminder of the enduring cultural and emotional resonance of Indian art,' marking a milestone for the broader market.
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Mother Yashoda is busy with housework, baby Krishna appears with a cute expression, a painting by Raja Ravi Varma is sold for 167 crores, this industrialist bought it...
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Ravi Varma masterpiece becomes India’s costliest painting
Hyderabad: A historic moment has unfolded in the Indian art world. A masterpiece by Raja Ravi Varma, titled Yashoda and Krishna, has become the most expensive Indian painting ever sold at auction. The artwork fetched an astonishing Rs. 167.2 crore at a Saffronart auction in Mumbai, far exceeding its estimated price of Rs. 80-120 crore. Painted in the 1890s, the artwork captures a tender moment between mother Yashoda and infant Krishna. The scen…
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40% Right
L 40%
C 20%
R 40%
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