S. H. Raza Works on Paper: Value & Auction Prices

1922–2016

See what a S. H. Raza work on paper is worth →

S. H. Raza works on paper have appeared at auction 76 times in ArtSell’s records between 2008 and 2026; 64 sold, a sell-through rate of 84%. Across 64 sales with a published price, the typical result was $9.6kSign up free to see to $45.7kSign up free to see (median $22.2kSign up free to see). Untitled holds the top price on file: $521kSign up free to see at Pundole's (September 2026). Sales were recorded mainly at Saffronart (62), Pundole's (9) and Artcurial (2).

₹50,000,000≈ $521,000≈ £394,100≈ €458,344Sign uprecord priceUntitledPundole's76auction results2008–2026years recorded84%sold$22.2kSign up free to seemedian price

S. H. Raza works on paper prices at a glance

Auction results
76 2008–2026
Price range
$3k–$521kSign up free to see
Median price
$22.2kSign up free to see 64 sold
Most recent sale
$521kSign up free to see Sep 2026, Pundole's
Record sale
$521kSign up free to see 2026, Pundole's

Recent sales: Untitled · Untitled (Landscape) · Bombay - Ruttonsee Muljee Jetha Fountain

Explore: All S. H. Raza results · What is S. H. Raza worth? · Saffronart · Pundole's

S. H. Raza works on paper: key figures

Auction results
76
Sold rate
84%
Active at auction
2008–2026
Median price
$22.2kSign up free to see
Record price
$521kSign up free to see Untitled, Pundole's, Sep 2026

Top auction houses: Saffronart (62), Pundole's (9), Artcurial (2)

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Typical range is the middle half of priced sales (USD at the sale-date rate). Past auction results, not a valuation.

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All works on paper results

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  1. Untitled by S. H. Raza, 1959, Gouache on paper, sold Sep 2026
    Untitled, 1959
    Gouache · Paper
    74.7 x 46.8 cm
    Pundole's · · Lot 26
    ₹50,000,000≈ $521,000≈ £394,100≈ €458,344HammerSign up free to seeEst. ₹10,000,000–20,000,000View at Pundole's ↗
  2. Untitled (Landscape) by S. H. Raza, Oil, gouache and ink on paper, sold Sep 2025
    Untitled (Landscape)
    Oil · Paper
    48.5 x 63.5 cm
    Saffronart · · Lot 55
    ₹33,600,000≈ $378,672≈ £283,543≈ €324,428Price realizedSign up free to seeEst. ₹15,000,000–20,000,000View at Saffronart ↗
  3. Academic Study by S. H. Raza, Watercolour on paper, sold Sep 2025
    Academic Study
    Watercolor · Paper
    33.9 x 24.5 cm
    Pundole's · · Lot 11
    ₹2,600,000≈ $29,328≈ £21,856≈ €24,983HammerSign up free to seeEst. ₹500,000–700,000View at Pundole's ↗
  4. Bombay - Municipal Headquarters by S. H. Raza, Watercolour on paper, sold Sep 2025
    Bombay - Municipal Headquarters
    Watercolor · Paper
    32.4 x 41.3 cm
    Pundole's · · Lot 4
    ₹7,500,000≈ $84,600≈ £63,045≈ €72,067HammerSign up free to seeEst. ₹1,000,000–1,500,000View at Pundole's ↗
  5. Bombay from Malabar Hill (Chowpatty) by S. H. Raza, Watercolour on paper, sold Sep 2025
    Bombay from Malabar Hill (Chowpatty)
    Watercolor · Paper
    30.5 x 47 cm
    Pundole's · · Lot 3
    ₹22,000,000≈ $248,160≈ £184,932≈ €211,398HammerSign up free to seeEst. ₹1,000,000–1,500,000View at Pundole's ↗
  6. Still Life by S. H. Raza, Pencil and watercolour on paper, sold Sep 2025
    Still Life
    Watercolor · Paper
    38.6 x 29.2 cm
    Pundole's · · Lot 9
    ₹3,500,000≈ $39,480≈ £29,421≈ €33,631HammerSign up free to seeEst. ₹600,000–800,000View at Pundole's ↗
  7. Bombay - Ruttonsee Muljee Jetha Fountain by S. H. Raza, Watercolour on paper, sold Sep 2025
    Bombay - Ruttonsee Muljee Jetha Fountain
    Watercolor · Paper
    35 x 52.1 cm
    Pundole's · · Lot 5
    ₹13,000,000≈ $146,640≈ £109,278≈ €124,917HammerSign up free to seeEst. ₹1,000,000–1,500,000View at Pundole's ↗
  8. Untitled by S. H. Raza, Acrylic on paper board, sold Jul 2025
    Untitled
    Acrylic · Paper
    11 x 9.5 cm
    Saffronart · · Lot 2
    ₹600,000≈ $6,942≈ £5,130≈ €5,920Price realizedSign up free to seeEst. ₹600,000–800,000View at Saffronart ↗
  9. Bombay Docks by S. H. Raza, Watercolour on paper, sold Mar 2025
    Bombay Docks
    Watercolor · Paper
    Pundole's · · Lot 23
    ₹16,000,000≈ $186,560≈ £144,129≈ €172,981HammerSign up free to seeEst. ₹2,000,000–3,000,000View at Pundole's ↗
  10. Untitled by S. H. Raza, Watercolour on paper, sold Mar 2024
    Untitled
    Watercolor · Paper
    54 x 57.5 cm
    Saffronart · · Lot 12
    ₹5,040,000≈ $60,883≈ £47,561≈ €55,657Price realizedSign up free to seeEst. ₹4,000,000–6,000,000View at Saffronart ↗
  11. Atelier Charonne by S. H. Raza, 1969, Oil on paper laid on board, sold Aug 2023
    Atelier Charonne, 1969
    Oil · Paper
    49.8 x 30 cm
    Pundole's · · Lot 16
    ₹3,200,000≈ $38,656≈ £30,488≈ €35,569HammerSign up free to seeEst. ₹1,000,000–1,500,000View at Pundole's ↗
  12. Untitled (Red Road) by S. H. Raza, Gouache on paper, sold Jun 2023
    Untitled (Red Road)
    Gouache · Paper
    63.5 x 49 cm
    Saffronart · · Lot 9
    ₹7,800,000≈ $95,082≈ £75,104≈ €86,928Price realizedSign up free to seeEst. ₹3,500,000–4,500,000View at Saffronart ↗
  13. Monsoon Landscape by S. H. Raza, Pencil and watercolour on paper, sold Feb 2023
    Monsoon Landscape
    Watercolor · Paper
    28 x 38 cm
    Pundole's · · Lot 39
    ₹3,800,000≈ $46,018≈ £38,208≈ €43,348HammerSign up free to seeEst. ₹800,000–1,200,000View at Pundole's ↗
  14. Landscape by S. H. Raza, 2006, Acrylic on paper pasted on plywood, sold Jun 2022
    Landscape, 2006
    Acrylic · Paper
    30.5 x 30.5 cm
    Saffronart · · Lot 68
    $8,400≈ £6,870≈ €8,005Price realizedSign up free to seeEst. $8,000–10,000View at Saffronart ↗
  15. Untitled by S. H. Raza, Gouache on paper, sold Oct 2021
    Untitled
    Gouache · Paper
    24 x 28 cm
    Saffronart · · Lot 6
    ₹2,040,000≈ $27,071≈ £19,877≈ €23,414Price realizedSign up free to seeEst. ₹1,500,000–2,000,000View at Saffronart ↗
  16. Untitled by S. H. Raza, Watercolour on paper, sold Jul 2021
    Untitled
    Watercolor · Paper
    33 x 41 cm
    Saffronart · · Lot 19
    $45,600≈ £32,924≈ €38,501Price realizedSign up free to seeEst. $20,000–30,000View at Saffronart ↗
  17. Untitled by S. H. Raza, Gouache and ink on paper, sold Apr 2021
    Untitled
    Gouache · Paper
    34.8 x 44.4 cm
    Saffronart · · Lot 6
    ₹1,541,376≈ $20,516≈ £14,691≈ €17,024Price realizedSign up free to seeEst. ₹1,500,000–2,000,000View at Saffronart ↗
  18. Untitled by S. H. Raza, 1975, Acrylic on paper pasted on canvas, sold Mar 2021
    Untitled, 1975
    Acrylic · Paper
    51 x 39 cm
    Saffronart · · Lot 53
    ₹1,670,976≈ $22,993≈ £16,539≈ €19,268Price realizedSign up free to seeEst. ₹1,500,000–1,800,000View at Saffronart ↗
  19. Fire by S. H. Raza, Acrylic on paper, sold Mar 2021
    Fire
    Acrylic · Paper
    59 x 23.7 cm
    Saffronart · · Lot 52
    ₹1,670,976≈ $22,993≈ £16,539≈ €19,268Price realizedSign up free to seeEst. ₹1,500,000–2,000,000View at Saffronart ↗
  20. Untitled by S. H. Raza, Pencil on paper, offered Jul 2020
    Untitled
    Drawing · Paper
    43.2 x 49.5 cm
    Saffronart · · Lot 13
    Unsold / did not meet reserveEst. ₹1,000,000–1,500,000View at Saffronart ↗
  21. Untitled by S. H. Raza, Acrylic on paper, offered Jul 2020
    Untitled
    Acrylic · Paper
    20.3 x 15.2 cm
    Saffronart · · Lot 7
    Unsold / did not meet reserveEst. ₹3,000,000–4,000,000View at Saffronart ↗
  22. Untitled by S. H. Raza, Ink on paper, sold Jul 2020
    Untitled
    Drawing · Paper
    15 x 17.2 cm
    Saffronart · · Lot 2
    ₹226,560≈ $3,022≈ £2,389≈ €2,665Price realizedSign up free to seeEst. ₹200,000–300,000View at Saffronart ↗
  23. Untitled by S. H. Raza, Watercolour on paperboard, sold Jul 2020
    Untitled
    Watercolor · Board
    33.7 x 44.7 cm
    Saffronart · · Lot 1
    ₹1,998,000≈ $26,653≈ £21,068≈ €23,500Price realizedSign up free to seeEst. ₹1,200,000–1,500,000View at Saffronart ↗
  24. Untitled by S. H. Raza, Acrylic on paper pasted on card, sold Jun 2020
    Untitled
    Acrylic · Paper
    17.8 x 13.1 cm
    Saffronart · · Lot 52
    $16,800≈ £13,520≈ €15,000Price realizedSign up free to seeEst. $12,000–15,000View at Saffronart ↗
  25. Village Scene by S. H. Raza, Watercolor on paper, sold Dec 2019
    Village Scene
    Watercolor · Paper
    11 1/8 x 14 1/8 inches (sheet)
    Michaan's Auctions · · Lot 333
    $3,000≈ £2,284≈ €2,704Price realizedSign up free to seeEst. $5,000–7,000View at Michaan's Auctions ↗
  26. Untitled (Venice) by S. H. Raza, 1952, Gouache on paper, sold Mar 2019
    Untitled (Venice), 1952
    Gouache · Paper
    52.6 x 43.8 cm
    Saffronart · · Lot 13
    $252,000≈ £192,190≈ €224,639Price realizedSign up free to seeEst. $150,000–200,000View at Saffronart ↗
  27. The Artist (Somnath Butt) by S. H. Raza, 1948, Watercolour on paper, sold Jun 2018
    The Artist (Somnath Butt), 1948
    Watercolor · Paper
    45.7 x 33.7 cm
    Saffronart · · Lot 9
    $19,800≈ £14,800≈ €16,880Price realizedSign up free to seeEst. $15,000–20,000View at Saffronart ↗
  28. Untitled by S. H. Raza, 1986, Acrylic on paper pasted on mount board, offered Jun 2017
    Untitled, 1986
    Acrylic · Paper
    64.7 x 49.7 cm
    Saffronart · · Lot 44
    Unsold / did not meet reserveEst. ₹1,500,000–1,800,000View at Saffronart ↗
  29. Untitled (Landscape) by S. H. Raza, Watercolour on paper pasted on board, sold Jun 2017
    Untitled (Landscape)
    Watercolor · Paper
    53 x 35.7 cm
    Saffronart · · Lot 6
    ₹1,900,800≈ $29,538≈ £22,886≈ €26,334Price realizedSign up free to seeEst. ₹1,200,000–1,800,000View at Saffronart ↗
  30. Le village by S. H. Raza, 1957, Gouache sur traits d'encre, sold Mar 2017
    Le village, 1957
    Gouache
    55 x 65 cm
    Beaussant Lefèvre & Associés · · Lot 151
    €70,000≈ $73,892≈ £60,726Price realizedSign up free to seeEst. €30,000–35,000View at Beaussant Lefèvre & Associés ↗
  31. Untitled by S. H. Raza, Oil, acrylic and marker on paper, offered Dec 2016
    Untitled
    Oil · Paper
    49 x 55.6 cm
    Saffronart · · Lot 47
    Unsold / did not meet reserveEst. ₹3,500,000–4,500,000View at Saffronart ↗
  32. Untitled by S. H. Raza, 1953, Pen and ink on newspaper, sold Jun 2016
    Untitled, 1953
    Drawing · Paper
    26.9 x 21.2 cm
    Saffronart · · Lot 10
    ₹540,000≈ $8,095≈ £5,598≈ €7,136Price realizedSign up free to seeEst. ₹400,000–600,000View at Saffronart ↗
  33. Untitled by S. H. Raza, Acrylic on paper pasted on board, sold Mar 2015
    Untitled
    Acrylic · Paper
    30.5 x 21.6 cm
    Saffronart · · Lot 7
    ₹520,800≈ $8,322≈ £5,599≈ €7,795Price realizedSign up free to seeEst. ₹400,000–600,000View at Saffronart ↗
  34. Untitled by S. H. Raza, Watercolour on handmade paper, sold Dec 2014
    Untitled
    Watercolor · Paper
    20.3 x 29.2 cm
    Saffronart · · Lot 36
    ₹1,200,000≈ $19,392≈ £12,387≈ €15,608Price realizedSign up free to seeEst. ₹800,000–1,000,000View at Saffronart ↗
  35. Untitled by S. H. Raza, Acrylic on paper, sold Dec 2014
    Untitled
    Acrylic · Paper
    63.5 x 52.1 cm
    Saffronart · · Lot 33
    ₹7,800,000≈ $126,048≈ £80,516≈ €101,455Price realizedSign up free to seeEst. ₹3,500,000–4,500,000View at Saffronart ↗
  36. Untitled by S. H. Raza, Acrylic on paper, offered Jun 2014
    Untitled
    Acrylic · Paper
    63.5 x 48.3 cm
    Saffronart · · Lot 57
    Unsold / did not meet reserveEst. ₹1,500,000–1,800,000View at Saffronart ↗
  37. Untitled by S. H. Raza, Watercolour on paper, sold Dec 2013
    Untitled
    Watercolor · Paper
    48.3 x 35.6 cm
    Saffronart · · Lot 29
    ₹1,476,000≈ $23,808≈ £14,513≈ €17,283Price realizedSign up free to seeEst. ₹900,000–1,200,000View at Saffronart ↗
  38. Sans titre (L'Église) by S. H. Raza, 1958, Huile, gouache et encre sur papier, sold Dec 2013
    Sans titre (L'Église), 1958
    Gouache
    PBA Auctions (Pierre Bergé & Associés) · · Lot 32
    €25,000≈ $34,438≈ £20,992Price realizedSign up free to seeEst. €20,000–30,000View at PBA Auctions (Pierre Bergé & Associés) ↗
  39. VILLAGE by S. H. Raza, Pastels gras de couleurs, fusain sur papier marouflé sur toile, sold Oct 2013
    VILLAGE
    Pastel · Canvas
    Artcurial · · Lot 128
    €80,016≈ $110,166≈ £68,550Price realizedSign up free to seeEst. €15,000–20,000View at Artcurial ↗
  40. Untitled by S. H. Raza, Acrylic on paper, sold Mar 2013
    Untitled
    Acrylic · Paper
    64.8 x 49.5 cm
    Saffronart · · Lot 71
    $17,520≈ £11,566≈ €13,623Price realizedSign up free to seeEst. $15,000–20,000View at Saffronart ↗
  41. Structure by S. H. Raza, Acrylic on paper pasted on cardboard, sold Mar 2013
    Structure
    Acrylic · Paper
    52.1 x 52.1 cm
    Saffronart · · Lot 70
    ₹1,644,240≈ $30,205≈ £19,940≈ €23,485Price realizedSign up free to seeEst. ₹1,500,000–1,800,000View at Saffronart ↗
  42. Studio Sketch by S. H. Raza, Acrylic on corrugated paper, sold Mar 2013
    Studio Sketch
    Acrylic · Paper
    43.2 x 30.5 cm
    Saffronart · · Lot 27
    ₹664,080≈ $12,199≈ £8,053≈ €9,485Price realizedSign up free to seeEst. ₹600,000–800,000View at Saffronart ↗
  43. Untitled by S. H. Raza, Acrylic on paper pasted on board, sold Mar 2013
    Untitled
    Acrylic · Paper
    30.5 x 21.6 cm
    Saffronart · · Lot 25
    ₹418,080≈ $7,680≈ £5,070≈ €5,972Price realizedSign up free to seeEst. ₹400,000–600,000View at Saffronart ↗
  44. Untitled by S. H. Raza, Acrylic on paper pasted on canvas, sold Mar 2013
    Untitled
    Acrylic · Paper
    49.5 x 36.8 cm
    Saffronart · · Lot 24
    $22,200≈ £14,655≈ €17,261Price realizedSign up free to seeEst. $20,000–25,000View at Saffronart ↗
  45. Swapna by S. H. Raza, Acrylic on paper, sold Feb 2013
    Swapna
    Acrylic · Paper
    30.5 x 20.3 cm
    Saffronart · · Lot 26
    ₹255,600≈ $4,700≈ £3,090≈ €3,580Price realizedSign up free to seeEst. ₹300,000–400,000View at Saffronart ↗
  46. La Nuit by S. H. Raza, Acrylic on paper, sold Jan 2013
    La Nuit
    Acrylic · Paper
    39.4 x 30.5 cm
    Saffronart · · Lot 31
    ₹994,500≈ $18,498≈ £11,694≈ €13,857Price realizedSign up free to seeEst. ₹900,000–1,200,000View at Saffronart ↗
  47. Studio Sketch by S. H. Raza, Acrylic on newspaper, sold Jan 2013
    Studio Sketch
    Acrylic · Paper
    24.1 x 8.9 cm
    Saffronart · · Lot 1
    ₹354,360≈ $6,591≈ £4,167≈ €4,938Price realizedSign up free to seeEst. ₹200,000–300,000View at Saffronart ↗
  48. Untitled by S. H. Raza, Acrylic on paper, offered Dec 2012
    Untitled
    Acrylic · Paper
    62.2 x 47 cm
    Saffronart · · Lot 51
    Unsold / did not meet reserveEst. ₹1,500,000–1,800,000View at Saffronart ↗
  49. Untitled by S. H. Raza, Acrylic on paper, sold Dec 2012
    Untitled
    Acrylic · Paper
    63.5 x 48.3 cm
    Saffronart · · Lot 29
    $22,200≈ £13,620≈ €16,689Price realizedSign up free to seeEst. $20,000–30,000View at Saffronart ↗
  50. Untitled by S. H. Raza, Mixed media on paper, sold Dec 2012
    Untitled
    Mixed media · Paper
    39.4 x 45.7 cm
    Saffronart · · Lot 9
    ₹1,009,332≈ $18,501≈ £11,351≈ €13,908Price realizedSign up free to seeEst. ₹1,000,000–1,200,000View at Saffronart ↗

Questions about S. H. Raza works on paper

How much is a S. H. Raza works on paper worth?

S. H. Raza works on paper in ArtSell’s records have sold for between $3,000 and $521,000, with a median of $22,200; half of the 64 priced sales were between $9,644 and $45,705. These are past auction results, not a valuation: size, medium, condition and provenance all change what a particular work brings.

What is the most expensive S. H. Raza works on paper sold at auction?

The highest price recorded is $521,000 for “Untitled”, sold at Pundole's in September 2026.

How much do S. H. Raza works on paper sell for?

In the last five years the median was $72,742 across 14 sales. Over the whole record (2008–2026) the median is $22,200.

How often do S. H. Raza works on paper sell at auction?

84% of the 76 works on paper offered at auction in our records sold.

Where are S. H. Raza works on paper sold?

Most of the 76 recorded results come from Saffronart (62), Pundole's (9), Artcurial (2). Every result on this page links to its auction catalogue.

How can I sell a S. H. Raza works on paper?

Send a few photos for a free auction estimate: a specialist reviews it and replies by email, with no obligation to sell.

More: What is a S. H. Raza worth? Full price guide · Sell a S. H. Raza

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