Astaguru sets Indian auction record for Raja Ravi Varma's painting 'Arjun and Subhadra' during their Modern Indian Art auction

Astaguru's 'Silver Series' started off on a record worthy note. The online auction house secured a national record for a rare work of master Indian painter Raja Ravi Varma which went under the hammer during their Modern Indian Art auction on the 15th and 16th of October. The oil on canvas painting titled 'Arjun and Subhadra' which dates back to circa 1890 is rare considering the artist depicted characters in this work opposed to the prevalent portraitures he was commissioned during that period. This work was estimated to fetch a price in the range of $241,935 – $ 322,581 being the higher estimate. The final hammer price during Astaguru's auction was $ 590,573 including the buyer's premium.




The lot presented during Astaguru's auction was impactful and relevant considering the rarity of the subject adopted by the artist, which made it highly desirable. It is indeed a welcome move that the works of Indian masters are excelling during auctions conducted by Indian auction houses. Celebrating the milestone of completing 25 art auctions, Astaguru has curated three distinctive auctions as part of their 'Silver Series'. After the Modern Indian art auction, next in line was the Contemporary Indian art auction which took place on the 17th & 18th of October. They finally wrap the revelry with a spectacular No Reserve Modern Indian Art auction on the 25th & 26th of October. After starting on a high note we can expect more records to be conquered by India's premium auction house Astaguru.

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