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Raja Ravi Varma's Painting Sells for Record $17.9M

4/2/2026

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Story summary
  • Raja Ravi Varma's painting 'Yashoda and Krishna' sold at a Saffronart auction in Delhi for 1.67 billion rupees ($17.9 million), setting a record for Indian artwork.
  • Billionaire Cyrus Poonawalla purchased the work and plans to make it publicly accessible.
  • Experts say the sale reflects growing appreciation for Indian art as both a cultural treasure and a financial asset, as demand for historically significant works drives prices higher.