Original works by Raja Ravi Varma are protected as national treasures and cannot be taken outside of India.
It also is the first time that the NFT has sold items in association with a conventional gallery and an artist foundation. This collection consists of single editions of works by the Indian Art Legend that will be tokenized and minted.
The Coquette and Reclining Nair Lady, two of Raja Ravi Varma’s (RRV) most well-known paintings, will be shown by RtistiQ to kick off the new year. Since the originals are protected as National Treasures and cannot leave India, the NFT versions will be put up for online bidding on the RtistiQ platform from February 17 through February 20, 2022.This event is a first for the industry, especially among the Asian art collector and NFT groups, given the recent spike in demand for NFTs.
This collection of Raja Ravi Varma’s works, which are regarded as national treasures, will be the first of its kind to be tokenized and launched, accepting payments via credit card and cryptocurrency. Also, this is the first time an NFT auction has been staged in collaboration with an artist foundation, gallery g, and the Raja Ravi Varma Heritage Foundation, as well as a traditional gallery.
“Having already brought about a paradigm shift in the Indian art scene with his paintings, the introduction of Raja Ravi Varma’s works into the metaverse will no doubt spark a new movement within both the art collector and crypto communities. It is time that we explore the possibilities of tokenizing national treasures and fostering greater collaborations between various players in the arts scene to ensure the vitality of the industry,” says Jothi Menon, CEO and Founder of RtistiQ.
In an era where a single piece of modern art had been well coveted, Raja Ravi Varma revolutionised the industry by creating lithograph versions of his paintings and making art more accessible to all and satisfying the demands of patrons and admirers.