Legendary Indian artist, Raja Ravi Varma’s most valuable works such as The Coquette and Reclining Nair Lady were auctioned at RtistiQ, Singapore’s online leading art marketplace. gallery g and Raja Ravi Varma collaborated to organize the auction event.
Raja Ravi Varma: Goddess Lakshmi lithograph sold for 2x of the reserve price
Apart from the above-mentioned top-selling art pieces, the NFT drops included five lithographs from the artist’s Gods and Goddesses series. These NFT drops sold for more than the reserve price of $999. Especially, the Goddess Lakshmi lithograph, which sold for the highest bid of $2,150. This price is actually more than twice the reverse price following a bidding war that resulted in a bid extension.
Meanwhile, beautiful Saraswati and Yashoda lithographs sold for $1700. Whereas the Hindu great Lords Shankar and Vishnu’s lithographs sold for $1,400 and $1,350, respectively.
Basically, the lithographs were recreations of some of Raja Ravi Varma’s iconic works. To explain, these lithographs depicted Indian gods and goddesses in colourful garments and pretty jewellery.
Jothi Menon, CEO and co-founder of RtistiQ, said, “The lithographs were a key part of Raja Ravi Varma’s legacy in making art affordable to the public. This NFT auction is the next step in the journey of his works as his iconic works. It also allowed everyone else the opportunity to own a piece of India’s beautiful artistic legacy.”
Already, various enthusiasts from all over the world placed 45 bids over the three days of the auction. Interestingly, this auction has a number of firsts, including Raja Ravi Varma’s first and only digital NFT.
More about the artist
Raja Ravi Varma is one of the greatest painters in Indian art history. One of the best examples of the fusion of European academic art with a purely Indian sensibility and iconography are his works. He was also known for making lithographs of his paintings available to the public at a reasonable price. His lithographs increased public participation in the fine arts and defined artistic tastes among the general public.
In other news, internationally renowned DJ and producer Ricardo Villalobos has just announced his first NFT drop.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.