Art News. Vasari Codex

trending_up market schedule Dec 23, 2025 visibility 36 link 12 artists, 8 galleries

stop making sense 2025 art market analysis

The article analyzes the chaotic and contradictory state of the global art market in 2025, a year marked by extreme volatility following President Donald Trump's return to office. Key events include strong sales at Frieze Los Angeles in February, a record $13.8 million sale of a painting by M.F. Husain at Christie's, and a sharp downturn after Trump imposed sweeping tariffs on major trading partners. Major auctions in May fell far short of expectations, with only $837.5 million hammered against estimates of up to $1.6 billion. Meanwhile, Art Basel expanded with a new Qatar fair, but sales at Art Basel Switzerland dropped over 35% from 2024. The year also saw a wave of gallery closures, including the sunsetting of Blum & Poe.

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trending_up market schedule Jan 28, 2026 visibility 21 link 5 artists, 4 galleries

the asia pivot jaiveer johal

Jaiveer Johal, an Indian art collector and logistics heir based in Chennai, discusses the current boom in the Indian art market in an interview for Artnet Pro's newsletter "The Asia Pivot." Johal, who founded the Avtar Foundation for the Arts in 2024 to promote Modern and contemporary South Asian art, notes that auction records for Indian Modern masters have reached new highs while contemporary galleries like Experimenter, Nature Morte, and Jhaveri Contemporary are expanding internationally. He observes that rising prices are pricing out many collectors, including himself, as institutions and wealthy buyers drive demand.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jul 22, 2025 visibility 26 link 39 artists, 1 gallery

collectors reveal key advice part ii

Artnet News published part two of a two-part series featuring advice from 11 experienced collectors. Among them are comedian Cheech Marin, who began collecting Chicano art in the 1980s and opened the Cheech Marin Center for Chicano Art and Culture in Riverside, California in 2022, and Kiran Nadar, founder of the Kiran Nadar Museum of Art in India, who with her husband has amassed over 15,000 works. Marin emphasizes trusting instincts, building relationships with artists, seeing art in person, and warns about storage space becoming an addiction. Nadar advises staying open and curious, and not hesitating to explore the unfamiliar.

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trending_up market schedule Dec 19, 2025 visibility 24 link 23 artists, 2 galleries

top auction moments of 2025

Artnet News rounds up the standout auction moments of 2025, highlighting both triumphs and disappointments. M.F. Husain's *Untitled (Gram Yatra)* (1954) smashed expectations at Christie's, selling for $13.8 million—more than double the artist's previous record and the first South Asian Modern work to exceed $10 million. In contrast, Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) fell short of its $50 million estimate at Christie's, missing the artist's auction record, while Alberto Giacometti's *Grande tête mince* (1955) failed to sell at Sotheby's despite a $70 million asking price, underscoring market volatility.

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trending_up market schedule Mar 27, 2026 source 2 sources visibility 25 link 6 artists

Sotheby’s Sets 12 Records for South Asian Artists in a Single Sale

Sotheby's Modern and Contemporary South Asian Art auction in New York achieved a total of $22.1 million with 100% of lots sold, setting 12 new auction records for artists from the region. The sale was headlined by Vivan Sundaram's 1967 painting 'Inbetweeness,' which sold for $896,000 and more than doubled his previous annual auction total, and M.F. Husain's 'Second Act,' which fetched $5.1 million.

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trending_up market schedule Feb 15, 2026 visibility 25 link 34 artists, 7 galleries

The Great Indian Art Mafia

The Indian art market has undergone a dramatic transformation, shifting from a selective market with works priced between Rs 5-25 crore to a high-stakes arena where record-breaking sales are now common. Between 2023 and 2025, multiple works crossed the Rs 50-100 crore threshold, with M.F. Husain's 'Gram Yatra' (1954) achieving the highest price to date at approximately Rs 118 crore, acquired by the Kiran Nadar Museum of Art. The market has expanded to over Rs 3,000 crore, with projections of Rs 10,000 crore by 2030.

newspaper The New Indian Express open_in_new Read original

trending_up market schedule May 22, 2026 visibility 10 link 9 artists

Christie’s Kiran Nadar Exhibition Is the Latest Indicator of the South Asian Art Market’s Growing Importance

Christie’s London will host “The Meeting Ground,” a non-selling exhibition of works from the Kiran Nadar Museum of Art (KNMA) in New Delhi, from July 16 to August 21, 2025. The show features Indian modernists such as M.F. Husain, S.H. Raza, K.G. Subramanyan, and F.N. Souza, alongside contemporary South Asian artists, Indigenous art practitioners, and diaspora artists. Admission is free. The exhibition follows a series of record-breaking auction sales for South Asian art, including Husain’s *Untitled (Gram Yatra)* (1954) sold at Christie’s New York for $13.8 million in March 2025 and Raja Ravi Varma’s *Yashoda and Krishna* (ca. 1890s) sold at Saffronart for $17.9 million.

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trending_up market schedule Apr 23, 2025 visibility 18 link 13 artists, 1 gallery

10 most expensive lots sold auction march 2025

In March 2025, major auction houses, particularly in London, achieved strong sales despite the month typically being quiet. Christie’s and Sotheby’s sold ten high-value lots, led by Jean-Michel Basquiat’s *Sabado Noche* (1984) at £8.4 million ($14.5 million). A standout result was M.F. Husain’s *Untitled (Gram Yatra)* (1954), which sold for $13.75 million at Christie’s New York, marking the first time an Indian Modern artwork exceeded $10 million at auction. Other notable sales included works by René Magritte, Yoshitomo Nara, Francis Bacon, Tamara de Lempicka, Amedeo Modigliani, Paul Delvaux, Michael Andrews, and Lisa Brice.

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trending_up market schedule Apr 19, 2026 visibility 23 link 5 artists, 3 galleries

M.F. Husain | Untitled (Head of a Horse) (Circa 1969) | Available for Sale

Grosvenor Gallery has announced the availability of a significant 1969 oil painting by M.F. Husain titled "Untitled (Head of a Horse)." The work, which features the artist's signature equine subject matter with bared teeth and exaggerated features, was recently showcased at Frieze Masters 2024 as part of the "South Asian Modernists in Paris" exhibition. The painting has a documented provenance involving the Vadehra Art Gallery and has been held in a private London collection since 2007.

newspaper Artsy open_in_new Read original

trending_up market schedule Jan 14, 2026 visibility 13 link 11 artists, 2 galleries

Why global museums like LACMA are turning their attention to India’s art market

Global museums like LACMA are increasingly turning their attention to India’s art market, which has matured significantly in recent years. This is evidenced by heightened interest from international galleries and institutions in Indian art fairs, high auction prices for works by the Bombay Progressives, and growing global engagement with events such as Art Mumbai.

newspaper The Hindu open_in_new Read original

trending_up market schedule Dec 29, 2025 visibility 24 link 9 artists, 1 gallery

India’s art market sees major resurgence in 2025; M F Hussain’s work breaks record

India's art market experienced a major resurgence in 2025, driven by record auction sales for modernists like M.F. Husain, Tyeb Mehta, and V.S. Gaitonde. Husain's 'Gram Yatra' became the first Indian painting to sell for over USD 10 million, setting a new benchmark. The boom is fueled by India's strong economy, rising private wealth, digital platforms, and increased global recognition. The India Art Fair in Delhi and the launch of India Art Fair Contemporary in Mumbai highlighted strong sales, with galleries selling 90% of their stands on preview day. A reduction in India's goods and services tax on art from 12% to 5% further boosted the market, while independent reports estimate Indian art auctions reached Rs 2,456.7 crore, up over 20% from the previous year.

newspaper The Statesman open_in_new Read original

trending_up market schedule Mar 31, 2026 source 4 sources visibility 24 link 8 artists

Christie’s to hold its first South Asian Modern art sale in London in seven years

Christie's auction house is launching a major sale titled 'Sublime Shadows' in London on June 11, featuring 93 works of South Asian Modern and contemporary art from an anonymous private collection. This marks the auction house's first dedicated South Asian Modern art sale in London since 2019, highlighting a surge in market activity and curatorial interest for the category.

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trending_up market schedule Oct 6, 2025 source 2 sources visibility 22 link 11 artists, 1 gallery

Record sales and a tax break close out blockbuster year for South Asian Modern market

Two record-breaking auctions closed a blockbuster year for the South Asian Modern art market. On 27 September, Saffronart in New Delhi sold 85 lots for $40.2 million—the largest single sale ever in South Asia—while on 29 September, Sotheby’s in New York sold 54 lots for $25.5 million, a record total for South Asian art in the West. These followed Christie’s March sale of M.F. Husain’s mural *Gram Yatra* (1954) for $13.7 million, the highest price ever for an Indian painting. India also enacted a major tax reform, cutting the Goods and Service Tax (GST) on art from 12% to 5%, further stimulating the market.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Sep 28, 2021 visibility 22 link 38 artists

Auction record

A new auction record has been set, with a significant artwork selling for a high price at a major auction house. The sale took place recently, drawing attention from collectors and the art market.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Oct 17, 2025 visibility 18 link 3 artists

kiran nadar bought m f husain record breaking painting christies

Kiran Nadar, a prominent Indian collector, revealed she purchased M.F. Husain's 1954 painting *Untitled (Gram Yatra)* for $13.8 million at Christie's New York, making it the most expensive work of Indian modern art ever sold at auction. The painting, estimated at $2.5–3.5 million, was originally owned by Norwegian surgeon Leon Elias Volodarsky and later donated to Oslo University Hospital, which consigned it after a 13-year deaccessioning process.

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trending_up market schedule Apr 2, 2026 source 4 sources visibility 29 link 12 artists

$17.9 million Raja Ravi Varma painting sets new record for Indian painting at auction.

A painting by Raja Ravi Varma titled 'Yashoda and Krishna' sold for $17.9 million at a Saffronart auction in Delhi, setting a new auction record for an Indian painting. The buyer was pharmaceutical billionaire Cyrus Poonawalla, founder of the Serum Institute of India.

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trending_up market schedule Dec 19, 2025 visibility 29 link 7 artists, 11 galleries

Art market 2025 review: all eyes on the Gulf as Trump destabilises global order

The global art market continued to contract in 2025, with prominent galleries such as Blum, Clearing, Sperone Westwater, Tilton, Kasmin, TJ Boulting, Project Native Informant, Nir Altman, and Altman Siegel closing due to challenging macroeconomic conditions. However, a rebound emerged at the top end by autumn, driven by Sotheby's white-glove sale of the Pauline Karpidas collection, strong VVIP sales at Art Basel Paris, and New York's November auctions, where Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.3 million and Frida Kahlo's *El Sueño (la cama)* (1940) for $54.7 million. Christie's and Sotheby's reported increased sales from 2024, with second-half auctions up 26% year-on-year, though recovery remains uneven and concentrated in classic secondary-market tastes.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Nov 19, 2025 visibility 15 link 9 artists

All you need to know about Klimt’s canvas that is now the most expensive modern artwork

Gustav Klimt's "Bildnis Elisabeth Lederer" (Portrait of Elisabeth Lederer) sold for $236.4 million at Sotheby's first auction in its new Breuer building location in New York, becoming the most expensive modern artwork ever sold at auction. The 1914-1916 portrait depicts Elisabeth Lederer, daughter of Klimt's patrons Serena and August Lederer, and was previously owned by Estée Lauder heir Leonard A. Lauder, who died earlier this year. The painting was looted by the Nazis during World War II, returned to the Lederer family in 1948, and later sold in 1983.

newspaper The Indian Express open_in_new Read original

trending_up market schedule Sep 21, 2025 visibility 19 link 15 artists

The Red-Hot Market for South Asian Modernism Has a New Star

A 1989 painting by Bangladeshi modernist S.M. Sultan, titled *Untitled (Cultivation)*, sold for $50,800 at Christie’s New York on Wednesday, more than doubling its high estimate of $25,000 and setting a new auction record for the artist. The work was acquired by a South Asian institution. Sultan, who died in 1994, is known for his depictions of muscular peasants and has only 14 recorded auction results, with his previous record of $19,500 set just two months earlier at Sotheby’s.

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trending_up market schedule Sep 3, 2025 visibility 22 link 10 artists, 1 gallery

A Husain horse painting, a portrait of Max Ernst’s soulful dog, and a Fini cat mask: our pick of the September auctions and fairs

The article highlights several notable artworks heading to auction and art fairs in September 2024. These include M.F. Husain's "Untitled (Horses)" (1971) at Christie's New York, estimated at $100,000–$150,000, following a record-breaking sale of another Husain work earlier this year. Also featured are Leonor Fini's embroidered cat mask (around 1960) at Weinstein Gallery during Independent 20th Century in New York, Dorothea Tanning's "Katchina and Her Soul" (1951) at Sotheby's London, and Alberto Giacometti's "Small Head of Elsa Schiaparelli" (around 1935) at FAB Paris.

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trending_up market schedule Jul 10, 2025 visibility 20 link 9 artists, 1 gallery

Phillips claims stake in South Asian market with London exhibition

Phillips auction house has launched a selling exhibition titled "Crossing Borders" at its Berkeley Square location in London, featuring 64 South Asian Modernist artists including Bhupen Khakhar, Huma Bhabha, Rasheed Araeen, and Nilima Sheikh. The show, organized in collaboration with Grosvenor Gallery, includes major market figures like S.H. Raza and F.N. Souza alongside lesser-known names such as Ahmed Parvez and Viswanathan. Prices range from £5,000 to £1.5 million, with works jointly consigned and profits shared between Phillips and Grosvenor. The exhibition marks Phillips' most significant entry into the South Asian art market, a sector long dominated by Sotheby's, Christie's, and Bonhams.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Apr 23, 2025 visibility 19 link 12 artists, 4 galleries

Indian art is having its breakout moment. Here's who's driving it

Three record-breaking auctions in New York and Mumbai have vaulted Indian modern art into global headlines. At Christie’s New York, M.F. Husain’s *Gram Yatra* sold for ₹118 crore, the highest price ever for an Indian artwork. Tyeb Mehta’s *Trussed Bull* fetched ₹61.8 crore at Saffronart’s Mumbai sale, nearly nine times its high estimate, while Jagdish Swaminathan’s *Homage to Solzhenitsyn* crossed ₹39 crore at Sotheby’s New York. Together, these sales raked in over ₹220 crore.

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trending_up market schedule Apr 8, 2026 visibility 20 link 12 artists

AstaGuru Auction house brings Raza, Husain, Souza and other masters to Nehru Centre, Mumbai

AstaGuru Auction House is launching the third edition of its 'ShowKeen' exhibition at the Nehru Centre in Mumbai. The two-day showcase features a curated selection of modern and contemporary Indian art, highlighting works by over 40 influential masters including S.H. Raza, M.F. Husain, F.N. Souza, and Akbar Padamsee, alongside contemporary figures like Meetali Singh and Tom Vattakuzhy.

newspaper The Hindu open_in_new Read original

trending_up market schedule Apr 3, 2026 visibility 20 link 2 artists

Raja Ravi Varma Becomes The Highest Value Modern Indian Artwork At Auction

Raja Ravi Varma’s 1890s masterpiece "Yashoda and Krishna" has set a new record for the most expensive Indian artwork ever sold at auction. During Saffronart’s Spring Live Auction, the painting fetched Rs 167.2 crore (approximately $18 million), far exceeding its pre-sale estimate of Rs 80–120 crore. The work was acquired by billionaire Dr. Cyrus S. Poonawalla, chairman of the Serum Institute of India, who has pledged to make the national treasure available for periodic public viewing.

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trending_up market schedule Nov 5, 2025 visibility 27 link 17 artists

Christie’s sale confirms it: Indian art has arrived on the world stage

Christie's achieved a rare 'white-glove' sale in its Modern and Contemporary South Asian Art auction, selling all 84 lots for $12.38 million—150% above the low estimate. The sale was led by Vasudeo Gaitonde's *Untitled (1984)* at $2.4 million, with strong bidding from India, the US, the UK, the UAE, and Singapore. New artist records were set for Sheikh Mohammed Sultan and Ivan Peries, while works by Rashid Choudhury and Biren De also drew intense interest. The auction, overseen by Nishad Avari, head of Christie's Indian art department, signals a broadening of the market beyond established modernists like M.F. Husain and S.H. Raza.

newspaper The American Bazaar open_in_new Read original

trending_up market schedule Oct 8, 2025 visibility 32 link 27 artists

From Mondrian to Man Ray, Here Are the Best-Sellers at Auction So Far This Year

The article analyzes the best-selling artworks at auction in the first half of 2025, covering Old Masters, Impressionist and Modern, and Postwar categories. Notable sales include a pair of Francesco Guardi views of Venice that sold for $10.5 million at Sotheby’s New York, a Piet Mondrian abstraction from the estate of Barnes & Noble founder Leonard Riggio that fetched just under $50 million, and a monumental rhinoceros-shaped desk by François-Xavier Lalanne that more than tripled its high estimate after a 13-minute bidding war. The report highlights that Old Masters sales were up 24% year-over-year, while top Impressionist and Modern lots saw lower prices compared to 2024.

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trending_up market schedule Sep 17, 2025 visibility 15 link 7 artists

Sotheby’s September Sale stars Indian Masters

Sotheby’s is holding a September 2025 auction in London titled 'Modern & Contemporary South Asian Art,' featuring major works by Indian modernists including Francis Newton Souza, M.F. Husain, Sayed Haider Raza, Bikash Bhattacharjee, and K.K. Hebbar. Highlights include Souza's 'Emperor' (1957) from his celebrated mid-1950s period, Husain's 'Chittore Fort' (1964) from the renowned Chester and Davida Herwitz collection, and Bhattacharjee's 'Two Sisters No. 2' (1982), which previously sold in a landmark Herwitz single-owner sale at Sotheby’s in 1995.

newspaper The Times of India open_in_new Read original

trending_up market schedule Oct 29, 2025 visibility 15 link 5 artists

Led by £10.2m cheetah miniature, Aga Khan collection breaks all-time record for South Asian art sale

A single-owner sale of 95 lots from the collection of Prince Sadruddin Aga Khan at Christie's London achieved £45.8m ($61m), shattering the presale estimate of 'in excess of £8m' and setting a new all-time record for any South Asian art sale. The top lot, Basawan's miniature *A Family of Cheetahs in a Rocky Landscape* (circa 1575-80), sold for £10.2m ($13.6m), becoming the most expensive classical Indian or Islamic painting at auction. The sale also featured eight works from the Fraser Album, which together made £6.2m, and a portrait by Dust Muhammad that fetched £2.7m.

newspaper The Art Newspaper open_in_new Read original