Tucked away on the quiet Russell Street, just off Kolkata’s lively Park Street, is a place that feels like stepping into the past. The Russell Exchange is one of Asia’s oldest auction houses, and it’s been around since 1940. But it’s more than just a spot for collectors. It’s a treasure trove of old stories, rare objects, and curious charm. What’s behind its unassuming doors? You’ll find dusty typewriters, vintage chandeliers, and handwritten letters from long ago. Every item has a memory to share. This hidden gem has been fascinated visitors for over eighty years—and here’s why it still does.
The Russell Exchange: Kolkata’s Timeless Auction House
The Russell Exchange, believed to be Asia’s oldest surviving auction house and the last of its kind in Kolkata, dates back to the 1940s. The business traces its roots to when the current owners’ great-grandfather acquired it from the original owner, Mr. Russell. Since then, it has remained a family-run establishment, passed down through generations. Today, the auction house is managed by siblings Anwar Salim, Arshad Salim, and Sarfaraz Begum Shamsi. Their father, Abdul Majid, had earlier co-managed the business with his partner, Amrit Lalji. After Lalji retired nearly 20 years ago, Salim acquired his share, and the legacy now continues under the stewardship of the three siblings.
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The Auction Experience
Every Sunday, The Russell Exchange holds its well-known auctions. These events offer a wide mix of items that reflect Kolkata’s rich and varied tastes. You might find colonial-era furniture, vintage cameras, or quirky collectables like old cassettes and framed photos. Each auction is a glimpse into the city’s changing history. During these auctions, as seasoned collectors sit beside curious first-time bidders, the mood is part nostalgia, part thrill. Everyone is there for one reason — to uncover a piece of the past.
Adapting To Modern Times
While rooted in tradition, The Russell Exchange has embraced contemporary trends to stay relevant in today’s fast-paced world. The Salim brothers have introduced innovative initiatives, such as hosting fashion shows and music nights within the auction house, to attract a younger, more diverse audience. These events juxtapose the old-world charm of the venue with the vibrancy of modern culture, creating a dynamic space that honours its legacy while looking towards the future.
The Russell Exchange: A Living Legacy
Each item in The Russell Exchange has a story, offering a glimpse into Kolkata’s rich and layered past. Once a favourite haunt of filmmaker Satyajit Ray, this quiet corner on Russell Street is a fascinating blend of history, culture, and curiosity—perfect for anyone looking to explore the city beyond the usual.
The Russell Exchange is more than just an auction house. It’s a place where bits of Kolkata’s past are kept alive through everyday objects.
Where: 12/C, Russell Street, Park Street Area, Kolkata, West Bengal, India
Cover Image Courtesy: Therussellexchange/Facebook and Wikimedia Commons
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