Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Is Art Basel Paris set to consume the original Swiss fair? – The Art Newspaper

October 18, 2025

‘Like a carefully choreographed performance’: meet the logistics professionals who bring art fairs to life – The Art Newspaper

October 18, 2025

‘Wear layers and chic waterproof shoes’: Cherry Cheng on the art she collects, the London food she loves and how she survives Frieze week – The Art Newspaper

October 18, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Kiran Nadar Bought M.F. Husain’s Record-Breaking $13.8 M. Painting in March

News RoomBy News RoomOctober 17, 2025
Share
Facebook Twitter LinkedIn Pinterest Email

Kiran Nadar, one of India’s most important collectors, has revealed to ARTnews that she was the buyer of M.F. Husain’s large-scale 1954 painting Untitled (Gram Yatra), which sold for $13.8 million at Christie’s New York.

The work was offered during a South Asian modern and contemporary art auction held during Asia Art Week in New York. It carried a pre-sale estimate of $2.5 million to $3.5 million and is now the most-expensive work of Indian modern art ever sold at auction.

The work was originally owned by Norwegian surgeon Leon Elias Volodarsky, who acquired it in New Delhi in 1954. His estate donated it in 1964 to the Oslo University Hospital, which consigned it to Christie’s. (The deaccessioning process took 13 years and approval from the hospital’s board.)

With her husband, Shiva, Nader has ranked on ARTnews’s Top 200 Collectors list each year since 2019. The M. F. Husain work joins the more than 15,000 works the couple already owns, many of which are exhibited at the Kiran Nadar Museum of Art (KNMA) in Delhi. “M.F. Husain’s magnum opus Untitled (Gram Yatra), 1954, is a landmark acquisition for the museum’s collection,” she told ARTnews.

This is not the first time they have purchased record breaking works of Indian modern art. They also scooped up S.H. Raza’s Saurashtra (1983) for £2.39 million (about $3.51 million at the time) in 2010, and F. N. Souza’s Birth (1955) for $4.09 million in 2015.

The KNMA soon won’t be the only place to see major works by Husain. In November, Lawh Wa Qalam: M.F. Husain Museum will open in Doha, Qatar. Spearheaded by the Qatar Foundation, the forthcoming 32,300-square-foot museum is based on a drawing by Husain, who was an Emirati citizen.

Measuring nearly 14-feet-long, the painting comprises 13 vignettes of everyday life in India. Painted five years after Indian independence, Nadar said that “this epic panorama represents not only the largest work from Husain’s 1950s oeuvre but arguably his most significant artistic statement of the decade, exemplifying the role of art as an instrument of nation-building. The work reflects India’s deep historical roots, its evolving future, and Husain’s dialogue with international modernism as the visual chronicler of post-independence India, making this acquisition profoundly significant.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Is Art Basel Paris set to consume the original Swiss fair? – The Art Newspaper

‘Like a carefully choreographed performance’: meet the logistics professionals who bring art fairs to life – The Art Newspaper

‘Wear layers and chic waterproof shoes’: Cherry Cheng on the art she collects, the London food she loves and how she survives Frieze week – The Art Newspaper

Shifting the dial: new fair Echo Soho celebrates women-run galleries – The Art Newspaper

Double-edged sword: arms and armour play a small—but mighty—role at Frieze Masters – The Art Newspaper

‘We’re in it for the long term’: Frieze chief reveals details of Abu Dhabi Art fair takeover – The Art Newspaper

Christie’s and Sotheby’s auctions offer some solace, but market remains wary – The Art Newspaper

London edition of Dallas Invitational set to open at former US embassy in 2026 – The Art Newspaper

Frieze London diary: art historical speed dating and frozen faeces – The Art Newspaper

Recent Posts
  • Is Art Basel Paris set to consume the original Swiss fair? – The Art Newspaper
  • ‘Like a carefully choreographed performance’: meet the logistics professionals who bring art fairs to life – The Art Newspaper
  • ‘Wear layers and chic waterproof shoes’: Cherry Cheng on the art she collects, the London food she loves and how she survives Frieze week – The Art Newspaper
  • Shifting the dial: new fair Echo Soho celebrates women-run galleries – The Art Newspaper
  • Double-edged sword: arms and armour play a small—but mighty—role at Frieze Masters – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

‘Like a carefully choreographed performance’: meet the logistics professionals who bring art fairs to life – The Art Newspaper

October 18, 2025

‘Wear layers and chic waterproof shoes’: Cherry Cheng on the art she collects, the London food she loves and how she survives Frieze week – The Art Newspaper

October 18, 2025

Shifting the dial: new fair Echo Soho celebrates women-run galleries – The Art Newspaper

October 18, 2025

Double-edged sword: arms and armour play a small—but mighty—role at Frieze Masters – The Art Newspaper

October 18, 2025

‘We’re in it for the long term’: Frieze chief reveals details of Abu Dhabi Art fair takeover – The Art Newspaper

October 18, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.