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frieze los angeles art world grief hope

The Los Angeles art scene is navigating a complex recovery as it prepares for Frieze Los Angeles 2026. The city is grappling with the lingering trauma of devastating wildfires that destroyed significant private collections, alongside economic instability caused by massive layoffs in the entertainment industry and recent political unrest. This combination of environmental and financial crises has led to a notable market downturn, resulting in the closure of several high-profile galleries including Blum, Tanya Bonakdar, and Sean Kelly.

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.

art basel paris vip preview sales report

Art Basel Paris opened its VIP preview on Wednesday, following a new invite-only preview called Avant Première on Tuesday. Major galleries reported strong sales, including Hauser & Wirth's $23 million Gerhard Richter abstract, the highest reported sale at the fair. Other notable sales included Julie Mehretu's $11.5 million painting at White Cube, a $4.7 million Bruce Nauman neon at Hauser & Wirth, and a $2.5 million Marlene Dumas painting at David Zwirner. Dealers noted that the staggered two-day opening helped spread out crowds and allowed collectors to return for the official VIP day, with many describing the fair as the most successful edition in Paris to date.

Big prices, bigger confidence: Inside Indian art’s breakout era

The Indian art market is experiencing a significant boom, characterized by record-breaking auction prices for established masters like SH Raza and MF Husain, and growing international visibility for contemporary artists at biennales and fairs. A new generation of high-net-worth collectors is driving this growth, building collections with greater intent, knowledge, and personal connection rather than pure speculation.

India’s art market is fast growing—is it also maturing?

The third edition of Art Mumbai (13-16 November) saw strong sales and record auction prices for Indian Modernists, including MF Husain's *Gram Yatra* (1953) becoming the first Indian painting to sell for over $10 million. The fair, held amid surging private wealth in India, featured leading contemporary galleries reporting up to 90% sales on opening day, with works priced from $1,000 to $300,000. A recent reduction in India's goods and service tax on art from 12% to 5% has further boosted the market.

5 Artists to Discover at Art Mumbai 2025

Art Mumbai returned for its third edition at the Mahalaxmi Racecourse on November 13, 2025, with 82 galleries—up from 50 in 2023—including international participants like Galleria Continua and Lisson Gallery. The fair saw strong sales on VIP day, with most leading Indian galleries selling the majority of their displays. Notable collectors Kiran Nadar and Kito De Boer participated in a fireside chat, where Nadar outlined plans to open a new museum space in New Delhi by early 2028. The article highlights five emerging artists to discover, including Neha Vedpathak, who uses a self-invented "plucking" technique with handmade Japanese paper.