Raja Ravi Varma's 'Yashoda & Krishna' Fetches Record ₹167 Crore, Acquirer Reveals Plans

An oil painting by celebrated Indian artist Raja Ravi Varma, titled 'Yashoda and Krishna,' has sold for a record-breaking ₹167.2 crore (approximately $20 million USD) at auction to industrialist Cyrus S Poonawalla. Poonawalla has since revealed plans to display the painting in either his Mumbai or Pune residence.

2 Apr, 02:15 — 2 Apr, 16:22

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Why this matters

This sale signifies a major milestone in the Indian art market, highlighting the increasing value and recognition of historical Indian artists. The record-breaking price for Raja Ravi Varma's work underscores the growing global interest in Indian art and its potential for significant financial returns.

Key entitiesRaja Ravi Varma Yashoda and Krishna Cyrus S Poonawalla MF Husain

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Showing 4 of 4 sources

BBCHigh147d ago

Iconic 19th Century painting sets Indian art record with $17.9m sale

Yashoda and Krishna, painted by Raja Ravi Varma, beat a record set by an MF Husain work last year.

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Times of IndiaMostly Factual147d ago

Ravi Varma’s ‘Yashoda & Krishna’ fetches record-shattering Rs 167 crore

Industrialist Cyrus S Poonawalla has set a new record for modern Indian art, acquiring Raja Ravi Varma's 'Yashoda and Krishna' for Rs 167.2 crore. This landmark sale, which more than doubled its estimate, highlights the enduring cultural significance of Varma's work. Poonawalla plans to make the national treasure available for public viewing.

By NEELAM RAAJ

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indian-expressMostly Factual147d ago