Cyrus Poonawalla’s Multicrore Bet On Raja Ravi Varma Painting: When Art Becomes A Wealth Strategy
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that the large upfront cost and ongoing expenses of insurance, storage and authentication make such art suitable for wealthy investors, while retail investors usually need more liquid investments.
More of Abhishek's views on money management
Outlook Money uses an industrialist's ₹167 crore purchase of a Raja Ravi Varma painting to explore fine art as a wealth asset for the very rich. Advisers and brokers discuss diversification, tax and estate planning uses, and the drawbacks of illiquidity, high transaction costs and thin price discovery.
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Cyrus Poonawalla’s Multicrore Bet On Raja Ravi Varma Painting: When Art Becomes A Wealth Strategy