S. H. Raza Watercolors: Value & Auction Prices

1922–2016

See what a S. H. Raza watercolor is worth →

S. H. Raza watercolors have appeared at auction 15 times in ArtSell’s records between 2013 and 2025; 15 sold, a sell-through rate of 100%. The median price realised is $39.5kSign up free to see across 15 priced sales; the middle half sold for $25.2kSign up free to see–$72.7kSign up free to see. The highest recorded price is $248kSign up free to see for Bombay from Malabar Hill (Chowpatty) at Pundole's in September 2025. The houses with the most results are Pundole's (7), Saffronart (7) and Michaan's Auctions (1).

Price chart & statistics for S. H. Raza →

All watercolors results

1. 
   Academic Study

   Watercolor · Paper

   33.9 x 24.5 cm

   Pundole's · Sep 25, 2025 · Lot 11
   ₹2,600,000≈ $29,328≈ £21,856≈ €24,983HammerSign up free to seeEst. ₹500,000–700,000View at Pundole's ↗
2. 
   Bombay - Municipal Headquarters

   Watercolor · Paper

   32.4 x 41.3 cm

   Pundole's · Sep 25, 2025 · Lot 4
   ₹7,500,000≈ $84,600≈ £63,045≈ €72,067HammerSign up free to seeEst. ₹1,000,000–1,500,000View at Pundole's ↗
3. 
   Bombay from Malabar Hill (Chowpatty)

   Watercolor · Paper

   30.5 x 47 cm

   Pundole's · Sep 25, 2025 · Lot 3
   ₹22,000,000≈ $248,160≈ £184,932≈ €211,398HammerSign up free to seeEst. ₹1,000,000–1,500,000View at Pundole's ↗
4. 
   Still Life

   Watercolor · Paper

   38.6 x 29.2 cm

   Pundole's · Sep 25, 2025 · Lot 9
   ₹3,500,000≈ $39,480≈ £29,421≈ €33,631HammerSign up free to seeEst. ₹600,000–800,000View at Pundole's ↗
5. 
   Bombay - Ruttonsee Muljee Jetha Fountain

   Watercolor · Paper

   35 x 52.1 cm

   Pundole's · Sep 25, 2025 · Lot 5
   ₹13,000,000≈ $146,640≈ £109,278≈ €124,917HammerSign up free to seeEst. ₹1,000,000–1,500,000View at Pundole's ↗
6. 
   Bombay Docks

   Watercolor · Paper

   Pundole's · Mar 27, 2025 · Lot 23
   ₹16,000,000≈ $186,560≈ £144,129≈ €172,981HammerSign up free to seeEst. ₹2,000,000–3,000,000View at Pundole's ↗
7. 
   Untitled

   Watercolor · Paper

   54 x 57.5 cm

   Saffronart · Mar 13, 2024 · Lot 12
   ₹5,040,000≈ $60,883≈ £47,561≈ €55,657Price realizedSign up free to seeEst. ₹4,000,000–6,000,000View at Saffronart ↗
8. 
   Monsoon Landscape

   Watercolor · Paper

   28 x 38 cm

   Pundole's · Feb 23, 2023 · Lot 39
   ₹3,800,000≈ $46,018≈ £38,208≈ €43,348HammerSign up free to seeEst. ₹800,000–1,200,000View at Pundole's ↗
9. 
   Untitled

   Watercolor · Paper

   33 x 41 cm

   Saffronart · Jul 13, 2021 · Lot 19
   $45,600≈ £32,924≈ €38,501Price realizedSign up free to seeEst. $20,000–30,000View at Saffronart ↗
10. 
    Untitled

    Watercolor · Board

    33.7 x 44.7 cm

    Saffronart · Jul 9, 2020 · Lot 1
    ₹1,998,000≈ $26,653≈ £21,068≈ €23,500Price realizedSign up free to seeEst. ₹1,200,000–1,500,000View at Saffronart ↗
11. 
    Village Scene

    Watercolor · Paper

    11 1/8 x 14 1/8 inches (sheet)

    Michaan's Auctions · Dec 7, 2019 · Lot 333
    $3,000≈ £2,284≈ €2,704Price realizedSign up free to seeEst. $5,000–7,000View at Michaan's Auctions ↗
12. 
    The Artist (Somnath Butt), 1948

    Watercolor · Paper

    45.7 x 33.7 cm

    Saffronart · Jun 14, 2018 · Lot 9
    $19,800≈ £14,800≈ €16,880Price realizedSign up free to seeEst. $15,000–20,000View at Saffronart ↗
13. 
    Untitled (Landscape)

    Watercolor · Paper

    53 x 35.7 cm

    Saffronart · Jun 7, 2017 · Lot 6
    ₹1,900,800≈ $29,538≈ £22,886≈ €26,334Price realizedSign up free to seeEst. ₹1,200,000–1,800,000View at Saffronart ↗
14. 
    Untitled

    Watercolor · Paper

    20.3 x 29.2 cm

    Saffronart · Dec 2, 2014 · Lot 36
    ₹1,200,000≈ $19,392≈ £12,387≈ €15,608Price realizedSign up free to seeEst. ₹800,000–1,000,000View at Saffronart ↗
15. 
    Untitled

    Watercolor · Paper

    48.3 x 35.6 cm

    Saffronart · Dec 12, 2013 · Lot 29
    ₹1,476,000≈ $23,808≈ £14,513≈ €17,283Price realizedSign up free to seeEst. ₹900,000–1,200,000View at Saffronart ↗

Other media by S. H. Raza

PaintingsWorks on PaperPrintsSculptureOil PaintingsAcrylic PaintingsGouachesDrawingsAquatintsLithographsScreenprints

All S. H. Raza auction results →