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

The recent auction of Yashoda and Krishna, created by Raja Ravi Varma, has set a new benchmark in the Indian art market with a sale price of $17.9 million.

This transaction not only highlights the increasing valuation of Indian artworks but also indicates a shift in market dynamics, as it eclipses the previous record held by an MF Husain painting.

The implications of this sale extend beyond mere financial metrics, suggesting a growing recognition of historical Indian artists within the global art infrastructure.