Chapter III
The Patina Index — Decade Yields
சபை
Sabhā / Annual Review 2024
Finding 07 · Holdings & Acquisitions
Quality outlives the buyer.
Patinated bronzes
compounded
at every recession
.
Median hammer price · indexed to 1990 = 100
n = 1,247 lots · Western auctions
Chola-period bronzes
South-Asian sculpture, broad
35-year window, real terms (USD, CPI-adj.)
600
500
400
300
200
100
1998
2008
2020
held the floor through 2009
2024 · 587
+487% vs. 1990
1990
’ 98
2002
’ 08
2014
’ 18
2022
’ 24
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