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the asia pivot state of play 2026 02 12 2744976

A flurry of art fair activity across Asia marked the early weeks of 2026. Art Basel's inaugural Qatar edition broke format with single-artist presentations, focusing on MENASA artists and discreet institutional buying. The India Art Fair in New Delhi reported strong sales for local and international galleries, while new fairs launched in Jakarta, Manila, and Hong Kong. Tokyo Gendai announced its return, and Art Basel's digital platform Zero 10 expanded to Hong Kong.

Charge of the Indian art brigade

At a Christie’s auction in New York’s Rockefeller Center, an untitled work (Gram Yatra) by MF Husain sold for over Rs 118.7 crore ($13.8 million), becoming the most expensive modern Indian painting ever sold. The buyer is reportedly collector and philanthropist Kiran Nadar. Other record-tying sales include Amrita Sher-Gil’s The Story Teller and Tyeb Mehta’s Trussed Bull, each fetching Rs 61.8 crore at SaffronArt auctions, while a Jagdish Swaminathan painting exceeded estimates at Sotheby’s. These results come amid a 19% rise in the top 50 Indian artists’ sales to $36.2 million, per the 2024 Hurun India Art List.

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.

fake paintings india investment banker farmer charge sheet 1234757550

Indian officials have released a charge sheet in an ongoing investigation into the sale of forged paintings attributed to major modern Indian artists M. F. Husain, S. H. Raza, Manjit Bawa, and F. N. Souza. The alleged scheme involved a poor farmer, Raghavendra Parmar, who posed as a maharaja to sell fake works, aided by lawyer Vishwang Desai, who presented himself as a collector to persuade investment banker Puneet Bhatia to purchase the pieces. The paintings, collectively valued at around ₹17.9 crore ($2 million), were allegedly funneled through Mumbai's Rare Art Gallery, run by Rajesh Rajpal, and the related firm Art India International. A former IAS officer, Subroto Banerjee, is also implicated but denies involvement.