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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.

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.

The Kiran Nadar Museum of Art and Christie's Unveil 'The Meeting Ground: Scenes from the KNMA Collection' - Christie's

The Kiran Nadar Museum of Art (KNMA) in New Delhi and Christie's London have announced a major institutional exhibition titled 'The Meeting Ground: Scenes from the KNMA Collection,' running from 16 July to 21 August 2026 at Christie's King Street. The show brings together modern and contemporary works alongside folk and indigenous art from South Asia, curated by Akansha Rastogi with a team of curators. It features artists such as M.F. Husain, S.H. Raza, Zarina Hashmi, and Jangarh Singh Shyam, and is part of KNMA's ongoing international programme.

May we suggest the art you need to see this May?

Lifestyle Asia has published a curated list of art exhibitions and events to see in May, offering recommendations for art enthusiasts looking to explore new shows and installations during the month. The article serves as a guide to notable cultural happenings, likely highlighting both emerging and established artists across various venues.

Bollywood Star Sonam Kapoor on the Women Who Shaped Her Eye for South Asian Art

Bollywood star Sonam Kapoor discusses her evolution as an art collector, shaped by the women in her family—her mother Sunita Kapoor and aunt Kavita Singh, a Mumbai-based interior designer and art curator. Kapoor began collecting instinctively, drawn to South Asian modernists like Amrita Sher-Gil and Manjit Bawa, but has recently shifted toward contemporary works and underrepresented artists, especially women and those outside major art hubs. She sources art from galleries such as Jhaveri Contemporary, Chemould Prescott, and Nature Morte, as well as auction houses including Christie’s, Sotheby’s, and Saffronart. Kapoor was on the host committee for the Serpentine Summer Party in London, where she admired Arpita Singh’s first institutional solo show outside India.

India’s Kiran Nadar Museum to stage major South Asian art exhibition at Christie’s London.

The Kiran Nadar Museum of Art (KNMA) will present a major exhibition from its collection at Christie’s London this summer, running from July 16th through August 21st at Christie’s King Street headquarters. Titled “The Meeting Ground: Scenes from the KNMA Collection,” the exhibition marks the first time Christie’s annual exhibition series has been dedicated to a South Asian institution, featuring works from the New Delhi-based museum’s holdings.