Raja Ravi Varma's paintings sell for over ₹1 crore on NFT debut
This sale is an interesting instance of how the NFT asset class could alter the way even classical works of art are seen, invested in and owned
The original Ravi Varma works remain in private collection. Recently documented and restored by the not-for-profit Raja Ravi Varma Heritage Foundation.
Original work restored
This Foundation secured from the paintings’ current owners the right to sell a unique digitised version of each of the two works.
Rights to sell as NFTs
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The two works — The Coquette, and Reclining Nair Lady — sold for $74,999 (about ₹56 lakh) and $63,999 (about ₹47 lakh) respectively, in an online auction
The Coquette shows a beautiful and wealthy woman, dressed in a fine sari and heavy jewellery. Reclining Nair Lady reflects contrasts of class
The auctioned paintings
The online auction held from February 17 to 20 by
, a physical and digital art marketplace
source : HT
Ravi Varma preferred realism, and he was among the first Indian painters to successfully adapt academic realism to the visual interpretation of Indian mythology
Impressionism, a movement that revolted against academic artistic conventions in France during the 1860s, had a definite influence on Ravi Varma’s work