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Ravi Varma Painting Sets Indian Art Record with $17.9M Sale

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A Raja Ravi Varma masterpiece sells at a record-breaking price The 19th century painting of legendary Indian artist Raja Ravi Varma set a record for the art world. At a Saffronart sale in Delhi, his Yashoda & Krishna was sold for 1,67 billion rupees (about $17.9million). The sale of this Indian art has made it one of the most valuable Indian paintings ever sold. Indian Art: Breaking Previous Records M.F. had previously set the record. Husain’s Untitled(Gram Yatra) sold last year for $13.8million. This new record demonstrates how rapidly the demand for Indian art and South Asian art has grown. The market is now at new heights as collectors are willing to pay higher prices. What is left of Raja Ravi Varma? Raja Ravi Varma was born in Kerala in 1848. He is considered one of India's pioneers in modern Indian art. He is known for blending Indian themes and European art styles in his work, making it a highly admired piece. He painted many mythological scenes. His works are highly regarded around the globe. Plan your future and that of the buyer Businessman Cyrus Poonawalla purchased the painting. He is founder of Serum Institute of India. The artist called the painting a national treasure. The artist also announced plans for a future public exhibition of the work, allowing more people to experience the cultural significance. The Cultural Value of Legal Protection The Antiquities and Art Treasures Act of India classifies works by Raja Ravi Varma as national treasures. The works of Raja Ravi Varma are classified as national treasures under the Antiquities and Art Treasures Act. This sale, according to experts will reinforce the perception of Indian art both as a cultural and financial asset. Increased Interest and Market Impact Leaders in the art industry say that this achievement will have a positive impact on the market. Experts say that more investors are likely to view Indian art now as an important financial asset and not only as decorative pieces or cultural items. Iconic 19th Century painting sets Indian art record with $17.9m sale

A historic painting by Raja Ravi Varma has created a new Ravi Varma painting record. His artwork Yashoda and Krishna sold for 1.67 billion rupees, which equals about $17.9 million, at a major auction in Delhi.
The sale of this Indian art has made it one of the most valuable Indian paintings ever sold.

Contents
Indian Art: Breaking Previous RecordsPlan your future and that of the buyerThe Cultural Value of Legal ProtectionIncreased Interest and Market Impact

Indian Art: Breaking Previous Records

The market is now at new heights as collectors are willing to pay higher prices.Raja Ravi Varma was born in Kerala in 1848. He painted many mythological scenes.

Plan your future and that of the buyer

Businessman Cyrus Poonawalla purchased the painting. He is founder of Serum Institute of India. The artist called the painting a national treasure.

This sale, according to experts will reinforce the perception of Indian art both as a cultural and financial asset.

Increased Interest and Market Impact

Leaders in the art industry say that this achievement will have a positive impact on the market. Experts say that more investors are likely to view Indian art. Now as an important financial asset and not only as decorative pieces or cultural items.

The future could see even greater valuations.

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