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EXPO CHICAGO 2026 Opens With Local Enthusiasm and Strong Institutional Sales

EXPO CHICAGO 2026 has launched at Navy Pier with a streamlined, highly curated format that emphasizes quality over quantity. The fair’s opening days have been defined by robust institutional engagement, with several major museums acquiring works for their permanent collections. This year’s edition features a diverse array of artists and galleries, reinforcing its position as the premier contemporary art platform in the American Midwest.

EFG LATIN AMERICA ART AWARD PRESENTS THE NOMINATED ARTIST AT SP ARTE 2026

The EFG Latin America Art Award, in partnership with ArtNexus, has named Brazilian artist Cristiano Lenhardt as the nominated artist at SP-Arte 2026. Lenhardt, represented by Fortes D'Aloia & Gabriel, was selected for his work *Lieoe* (2025), a mixed-media piece combining ceramic and embroidery on cotton that responds to the devastating floods in Rio Grande do Sul in May 2024. The selection was made with input from Fernando Oliva, curator of MASP, and Celia Sredni de Birbragher, director and editor of ArtNexus.

EFG LATIN AMERICA ART AWARD PRESENTA AL ARTISTA NOMINADO EN SP ARTE 2026

The EFG Latin America Art Award, in partnership with ArtNexus, has named Brazilian artist Cristiano Lenhardt as its nominee from SP-Arte 2026. Lenhardt, represented by Fortes D'Aloia & Gabriel, was selected for his work *Lieoe* (2025), a mixed-media piece combining ceramic, embroidery, and cotton fabric dyed by floodwaters from the Guaíba River. The work responds to the environmental tragedy of the May 2024 floods in Rio Grande do Sul, transforming trauma into a tactile, intuitive object. The nomination was made with input from Fernando Oliva, curator of MASP, and Celia Sredni de Birbragher, director of ArtNexus.

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.

With sanctions on Iranian art, buyers are turning to India

The article reports a significant shift in the Islamic art market, where traditional Persianate works from Iran are declining in sales and value, while art from India and historic Arab polities is rising. At Sotheby's April 2025 sale, 14 of 27 Persian works went unsold, continuing a long-term slump. Key factors include U.S. sanctions on Iran that restrict export of Iranian-origin works, aging collectors, maturing museums, and a generational shift away from classical art toward contemporary pieces. In contrast, Mughal art from India is experiencing a steady price increase, reflecting the repositioning of the market away from Persianate mainstays.