We report a new tetragonal ground-state for perovskite-structured PbCrO 3 from DFT+U calculations, and explain its anomalously large volume. The new structure is stabilized due to orbital ordering of Cr-d in the presence of a large tetragonal crystal field, mainly due to off-centering of the Pb atom. At higher pressures (smaller volumes) there is a first-order transition to a cubic phase where the Cr-d orbitals are orbitally liquid. This phase-transition is accompanied by a ~11.5% volume collapse, one of the largest known for transition-metal oxides. The large ferroelasticity and its strong coupling to the orbital degrees of freedom could be exploited to form potentially useful magnetostrictive materials.Transition metal oxides show complex and interesting behavior due to the electrons in the d orbitals. Depending on the crystal structure and their magnetic state, they could be metallic or insulating or undergo a transition from one to the other 1 . The d-electrons are known to show itinerant as well as a strongly localized behavior. Correlated band-theory methods with the Hubbard U parameter 2, 3 to capture strong correlations in the Cr d-orbitals in CrO 2 4, 5 , where Cr has a large nominal valence of 4+ with 2 electrons in the d-manifold, show that it is a half-metallic ferromagnet, with the metallicity coming from a negative charge transfer i.e. holes in the oxygen band. Chromites in the perovskite structure such as PbCrO 3 , CaCrO 3 and SrCrO 3 have been little studied because high-pressures and temperatures are required to synthesize 6 them. CaCrO 3 , an antiferromagnet, was long considered to be an insulator, but recent infrared reflectivity and transport measurements 7,8 show that it is a metal. For over 40 yrs. SrCrO 3 was thought to be a paramagnetic metallic oxide with a cubic perovskite structure, but recent neutron and x-ray diffraction experiments identified weak strain induced magnetism 9, 10 which was recently shown to be stabilized by orbital ordering 11 . Further resistivity measurements suggest a pressure induced insulator-metal transition in SrCrO 3 10 . At room temperature PbCrO 3 is reported to