Roland Auctions NY Sets Record with Akbar Padamsee Painting Sale Approaching $500,000

Roland Auctions NY achieved a historic milestone by selling a work for the highest price in the auction house's existence. The transaction occurred during their 'Important Art and Jewelry Auction' on March 28, 2026. The artwork that set this record was a previously unknown painting from the peak creative period of Indian Modernist artist Akbar Padamsee. This piece, described as a 'metascape,' fetched $481,000 from a purchaser based in India. The painting is an abstract cityscape executed in oil on canvas during 1962, featuring a palette dominated by yellow, orange, and brown hues. It includes textured impasto elements and is housed in a gold leaf frame, bearing the artist's signature and the year in the lower right corner. The work originated from the estate of Elizabeth Debevoise Healy and had been stored in a large residence on Manhattan's East Side. This successful sale underscores the increasing significance of Modern and Contemporary art categories at Roland Auctions NY, where art has recently become a leading revenue generator in their sales events.