A painting by Raja Ravi Varma titled 'Yashoda and Krishna' sold for $17.9 million at a Saffronart auction in Delhi, setting a new auction record for an Indian painting. The buyer was pharmaceutical billionaire Cyrus Poonawalla, founder of the Serum Institute of India.
Raja Ravi Varma’s 1890s masterpiece "Yashoda and Krishna" has set a new record for the most expensive Indian artwork ever sold at auction. During Saffronart’s Spring Live Auction, the painting fetched Rs 167.2 crore (approximately $18 million), far exceeding its pre-sale estimate of Rs 80–120 crore. The work was acquired by billionaire Dr. Cyrus S. Poonawalla, chairman of the Serum Institute of India, who has pledged to make the national treasure available for periodic public viewing.