Yashoda and Krishna: Raja Ravi Varma painting sets Indian art record with $17.9m sale
GS1History · Society · Geography· Art, architecture & culture· Prelims·
Why in news
A 19th-century painting titled 'Yashoda and Krishna' by Raja Ravi Varma sold for a record $17.9 million at a Saffronart auction in Delhi.
Background
The painting was purchased by Cyrus Poonawalla, founder of Serum Institute of India. The sale at Saffronart in Delhi established a new record for Indian artwork.
Facts for Prelims
- PostRaja Ravi Varma: 19th-century Indian painter known for depicting mythological subjects.
- FactSale price of 'Yashoda and Krishna': $17.9 million.
- PlaceSaffronart auction: Held in Delhi.
For Mains
Q. Discuss the role of private collectors and auction houses in the preservation and commercial valuation of Indian heritage art.
Dimensions to cover in your answer
- Market dynamics: Shift of Indian masterpieces from public galleries to private high-value asset portfolios
- Cultural preservation: Balancing the commercialization of heritage art with the need for public accessibility
Keywords: Art Market · Cultural Heritage · Asset Valuation · Raja Ravi Varma · Private Collection
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