Weekly News Roundup: April 16, 2026

The art landscape in Asia is undergoing significant shifts with Art Basel renewing its five-year commitment to Hong Kong and the Centre Pompidou announcing a June opening for its new Seoul branch. Meanwhile, the Ayala Foundation unveiled designs by architect Kulapat Yantrasast for Kontempo, a major new contemporary art center in Manila slated for 2028, and the Kochi-Muziris Biennale appointed Jitish Kallat as president following the resignation of cofounder Bose Krishnamachari.

All Things Art You Cannot Miss This April

The Indian art scene is set for a bustling April 2026 with a series of high-profile exhibitions across major cities like Delhi and Mumbai. Key highlights include Subodh Gupta’s monumental installations at the Nita Mukesh Ambani Cultural Centre, a photographic tribute to Bombay by Raghubir Singh at Jhaveri Contemporary, and the public viewing of Raja Ravi Varma’s iconic 'Yashoda and Krishna' at the ShowKeen exhibition. These shows span a diverse range of media, from Akanksha Patil’s introspective narratives on migration to Laila Khan Furniturewalla’s raw, expressive paintings.

Jitish Kallat appointed Kochi-Muziris Biennale president

The Kochi Biennale Foundation has appointed contemporary artist and curator Jitish Kallat as the new president of the Kochi-Muziris Biennale. He will chair the selection committee for the next edition's curator, succeeding co-founder Bose Krishnamachari, who resigned earlier this year.

Bose Krishnamachari’s resignation from Kochi Biennale came after sexual harassment allegations

Bose Krishnamachari resigned as director of the Kochi-Muziris Biennale and from the board of its foundation in January. The Kochi Biennale Foundation chairperson has now stated the resignation followed a December complaint alleging Krishnamachari sexually harassed a female employee at his apartment, making unwanted remarks and advances. Krishnamachari had initially cited family reasons for his departure.

Auction Record in India

Record aux enchères en Inde

The Indian art market has reached a new milestone with the sale of Raja Ravi Varma’s painting, 'Yashoda and Krishna,' which fetched $17.9 million (including fees) at a domestic auction. The masterpiece was acquired by the prominent industrialist Cyrus Poonawalla, setting a new world record for an Indian painting sold at auction.

$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.

Chawla Art Gallery Hosts Artist-Led Walkthrough for “Once Upon a Sculptor” Exhibition

Chawla Art Gallery in New Delhi hosted an artist-led walkthrough for the exhibition “Once Upon a Sculptor,” featuring the renowned Indian sculptor K. S. Radhakrishnan. The event allowed visitors to engage directly with the artist as he discussed his creative evolution, the development of his visual language, and the philosophical layers behind his iconic bronze figures, Musui and Maiya.

Artist-led walk by K. S. Radhakrishnan at Chawla Art Gallery

Sculptor K. S. Radhakrishnan personally led an exclusive walkthrough of his exhibition "Once Upon a Sculptor" at Chawla Art Gallery. The event offered attendees an intimate look at his artistic evolution, from early works to his iconic Maiya and Musui figures, with the artist sharing insights into his ideas and processes.

India Modern Art Boom Spreads Through Spring Auctions

The Indian modern art market has reached a significant milestone as a 19th-century oil painting by Raja Ravi Varma sold for nearly $18 million at auction. The sale of 'Yashoda and Krishna' reportedly involved high-profile Indian tycoons from the pharmaceutical and consumer industries acting as both buyers and sellers, signaling a robust domestic appetite for blue-chip Indian masterpieces.

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.

Artist in Focus: Louis Pohl Koseda. Constructing the City as Memory.

British artist Louis Pohl Koseda is gaining attention for his intricate works that blend drawing, painting, and architectural theory to explore the city as a psychological structure. His practice, which he terms 'metafictionism,' utilizes fine-line drawing to create layered compositions where figures navigate unstable, theatrical urban environments. Influenced by his upbringing in an East London Hare Krishna community, Koseda’s work focuses on how belief systems and social fabrics are mapped onto the physical and imagined spaces of the city.

vrindavani vastra tapestry india loan british museum 1234774971

The British Museum has agreed to a six-month loan of the Vrindavani Vastra, a 350-year-old Himalayan tapestry, to the Assam State Museum in India. This 2027 homecoming is contingent on the construction of a specialized preservation facility in Guwahati to house the fragile nine-meter silk textile, which depicts the life of Krishna and features the earliest known Assamese script.

Back to Assam: British Museum agrees to loan fragile tapestry showing Krishna’s life

The British Museum has reached an agreement with the state government of Assam to loan the Vrindavani Vastra, a 350-year-old sacred tapestry depicting the life of Krishna, for a six-month period starting in 2027. The loan is contingent upon the construction of a specialized new extension at the Assam State Museum in Guwahati to accommodate the textile's extreme fragility. This marks the first time the artifact, which features the earliest known Assamese inscriptions, will return to its place of origin since it was acquired by the British Museum following the 1904 Younghusband expedition to Tibet.