Introduction
- Date of Birth
- 1968
- Place of Birth
- Lahore, Pakistan
- State Country of Birth
- Pakistan
Chronicled Highlights
5 entries
1968Born
Rashid Rana
Rashid Rana was born in 1968 in Lahore, Pakistan.
Rana, Rashid (Artist). A Day In The Life Of Landscape. Digital print, 2004 | Print | FineArts | 00563016
In 2007, the artist achieved a new high in the auction market with the sale of A Day In The Life Of Landscape (2004), offered in the South Asian Modern and Contemporary Art by Christie's, which concluded on 20 September 2007 at New York, achieving a sale price of ₹53,08,030 ($133,000). This record marked a defining moment in the artist's market history, reflecting both the significance of the artwork and its reception within the broader art world.
Rana, Rashid (Artist). Red Carpet - 2. C- Print + Diasec, 2007 | Print | FineArts | 00575641
In 2008, the artist achieved a new high in the auction market with the sale of Red Carpet - 2 (2007), offered in the Modern and Contemporary Indian Art: Summer Online Auction by Saffronart, which concluded on 19 June 2008 at Online, achieving a sale price of ₹2,00,10,000 ($466,108). This record marked a defining moment in the artist's market history, reflecting both the significance of the artwork and its reception within the broader art world.
Rana, Rashid (Artist). Veil # 6. Cibachrome print with Diasec face mounted on plexiglass, 2007 | Sculpture | FineArts | 00575719
In 2008, the artist achieved a new high in the auction market with the sale of Veil # 6 (2007), offered in the Contemporary Art: Afternoon Auction by Sotheby's, which concluded on 02 July 2008 at London, achieving a sale price of ₹2,81,43,883 ($649,374). This record marked a defining moment in the artist's market history, reflecting both the significance of the artwork and its reception within the broader art world.
Christie's (Auction House). Asian Contemporary Art - Evening Auction. 27 May 2007, Hong Kong | Auction Catalogue | EconomicsArt | 00861962
In 2007, an artwork by Rashid Rana was featured on the cover of Christie's: Asian Contemporary Art (May 2007, New York), marking a documented highlight in the artist's public and auction market visibility.
Christie's (Auction House). South Asian Modern & Contemporary Art. 10 June 2009, London | Auction Catalogue | EconomicsArt | 00862038
In 2009, an artwork by Rashid Rana was featured on the cover of Christie's: South Asian Modern & Contemporary Art (June 2009, London), marking a documented highlight in the artist's public and auction market visibility.
Economics of Art
Currency
This section showcases auction lots that achieved record-high sale prices, tracked by the date each record was set based on the artist's historical auction data.
Record-high lots4
Public Auction Market (1987–2026) | Select Indicators
Currency
Annual Auction Sale Turnover
This indicator tracks the Total Annual Auction Sales value of Rashid Rana’s artworks, beginning in 1987 through to the present.
It aggregates all sales across global auction houses into yearly totals.
Analysis reflected in the chart:
The turnover graph highlights periods of strong growth, moments of market correction, and resilience during downturns. Peaks often align with landmark works coming to public auction, while troughs may indicate reduced supply or weaker demand. Over time, the curve illustrates the overall trajectory of Rashid Rana’s public auction market presence.
It aggregates all sales across global auction houses into yearly totals.
Analysis reflected in the chart:
The turnover graph highlights periods of strong growth, moments of market correction, and resilience during downturns. Peaks often align with landmark works coming to public auction, while troughs may indicate reduced supply or weaker demand. Over time, the curve illustrates the overall trajectory of Rashid Rana’s public auction market presence.
Average Sale Price Per Lot
This measure calculates the Average Sale Price of all lots by Rashid Rana sold each year.
It smooths out fluctuations caused by the quantity of works offered and focuses on the Average Sale Price level per artwork.
Analysis reflected in the chart:
Rising average sale prices indicate growing collector confidence and a stronger willingness to pay higher amounts per work. Assuming the mix of mediums remains relatively stable over time, the proportion of works on paper typically priced lower than works on canvas adds important context to understanding these market movements.
It smooths out fluctuations caused by the quantity of works offered and focuses on the Average Sale Price level per artwork.
Analysis reflected in the chart:
Rising average sale prices indicate growing collector confidence and a stronger willingness to pay higher amounts per work. Assuming the mix of mediums remains relatively stable over time, the proportion of works on paper typically priced lower than works on canvas adds important context to understanding these market movements.
Square Inch Rate Trend
The Square Inch Rate normalizes prices by the size of each artwork, showing the average sale value per square inch over time.
This allows fair comparisons between smaller works and larger canvases.
Analysis reflected in the chart:
The Square Inch Rate shown in the graph combines various medium types such as canvas, paper, board, and others. Historically, works on canvas and board have broadly commanded higher prices compared to works on paper.
This allows fair comparisons between smaller works and larger canvases.
Analysis reflected in the chart:
The Square Inch Rate shown in the graph combines various medium types such as canvas, paper, board, and others. Historically, works on canvas and board have broadly commanded higher prices compared to works on paper.
Research Centre
Related
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Personalities
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