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This week's art industry news covers significant developments across fairs, auctions, galleries, and museums. Frieze New York announces its 15th edition with a strong Latin American gallery presence, while the India Art Fair reports robust sales, including works by Atul Dodiya and N.S. Harsha fetching up to $600,000. Sotheby's will offer a major Francis Bacon self-portrait from the collection of Joe Lewis, and Christie's is set to sell three masterpieces from Agnes Gund's collection, estimated at over $123 million. Gallery news includes Federica Beretta's return to Opera Gallery and David Zwirner's new representation of painter Louis Fratino.

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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.

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Artnet Pro's 'The Asia Pivot' newsletter previews the 2026 Asian art market, highlighting a hopeful recovery after signs of improvement in late 2025. Key events include Art SG in Singapore (hosting S.E.A. Focus for the first time), the inaugural Art Basel Qatar in February, and Art Basel Hong Kong in March. Auction houses will align spring sales with these fairs. The article also notes regional shifts: South Korea's Art Asia partners with KINTEX for a new fair in India, Hong Kong's Kwai Fung Hin opens in Singapore, and Shanghai's Antenna Space expands to Hong Kong. Japan's Prime Minister Sanae Takaichi meets with artist Takashi Murakami to promote culture abroad, while geopolitical tensions with China threaten cultural exchanges.

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Singapore's Art SG fair featured a new pavilion called South Asian Insights, backed by India's TVS Motor Company, showcasing contemporary art from South Asia. The pavilion, which included eight galleries and featured a tapestry by Raqib Shaw sold to a Japanese collector, was crowded and highlighted the rising market for South Asian art.

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Jaiveer Johal, an Indian art collector and logistics heir based in Chennai, discusses the current boom in the Indian art market in an interview for Artnet Pro's newsletter "The Asia Pivot." Johal, who founded the Avtar Foundation for the Arts in 2024 to promote Modern and contemporary South Asian art, notes that auction records for Indian Modern masters have reached new highs while contemporary galleries like Experimenter, Nature Morte, and Jhaveri Contemporary are expanding internationally. He observes that rising prices are pricing out many collectors, including himself, as institutions and wealthy buyers drive demand.

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.

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Art Basel will launch a new fair, Art Basel Qatar, in Doha in February 2025, featuring around 50 exhibitors. The expansion into West Asia follows the fair's earlier move into Hong Kong in 2013 and reflects the region's growing wealth and cultural development. Vincenzo de Bellis, Art Basel's director of fairs, stated the company aims to attract collectors from the entire Middle East and North Africa (MENA) region as well as South Asia. The announcement has drawn interest from collectors and curators across Asia, including those from the United Arab Emirates, Malaysia, and India, who see the fair as a potential turning point for Doha's art scene.

10 Galleries That Had a Breakout Year in 2025

The article highlights 10 galleries that achieved significant growth and recognition in 2025, despite a challenging market environment marked by tariffs and trade uncertainty. Featured galleries include Tokyo's CON__, which gained global visibility through standout presentations at Frieze Seoul and NADA New York; Munich and New York-based LOHAUS SOMINSKY, which debuted at Art Basel Miami Beach and opened a Tribeca outpost; and Chicago's Hans Goodrich, which quickly established itself with a cross-generational exhibition program and international fair appearances.

20 shows to see beyond India Art Fair

The article highlights 20 art exhibitions across India running concurrently with the India Art Fair, focusing on six key shows. Atul Dodiya presents 'The Gatecrasher' at Vadehra Art Gallery in Delhi, featuring 12 large-scale oil paintings that weave pop culture, art history, and personal memory. Sudarshan Shetty's 'A Breath Held Long' at GallerySKE explores the intersection of voice, body, and urban life through film and steel sculptures. Bikaner House hosts 'Typecasting: Photographing the People of India 1855-1920,' a critical exhibition of colonial ethnographic photographs. The Kolkata Centre for Creativity presents 'Convergences: A Shared Ground' examining artistic and architectural practices from eastern and northeastern India. Nilaya Anthology in Mumbai showcases a retrospective of architect Pinakin Patel, 'The Turning Point,' featuring 11 signature pieces.

14 new art and culture spaces around India

The article highlights 14 new art and culture spaces that opened across India in the past year, including Muziris Contemporary in Kochi and Mumbai, Latitude 28 in New Delhi, and others repurposed from historic buildings like a royal palace in Jaipur, a former school in Bengaluru, and a family mansion in Kolkata. These spaces defy conventional gallery formats, blending exhibitions, workshops, performances, and reading rooms to create hybrid cultural venues.

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.

25 of 2025: 5 Trailblazing Performance Artists to Know

Artnet News spotlights five trailblazing performance artists defining 2025, including Geumhyung Jeong, whose work "Toys, Selected" (2025) at Canal Projects in New York explores the uncanny relationship between humans and robots through intimate, choreographed interactions with machine parts she built herself. Jeong, who studied acting, dance, and film animation in South Korea, has performed at Kunsthalle Basel, the 2022 Venice Biennale, and London's ICA, and is currently unrepresented by a gallery. The article also profiles Maja Malou Lyse, who was tapped to represent her country at the Venice Biennale.

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Two New York art galleries run by dueling brothers are locked in a legal battle over the use of the name "Aicon." Projjal Dutta, representing Aicon Contemporary, filed a lawsuit in New York Supreme Court in October against his brother Prajit Dutta and director Harry Hutchison, who run Aicon Art and ArtsIndia.com. The suit alleges that the defendants have misleadingly used the names "Aicon Gallery" or simply "Aicon" instead of the agreed-upon "Aicon Art," causing confusion in the art market. The brothers previously operated the legacy Aicon Gallery together for 20 years before parting ways in 2019, but they still share the same address and phone number at 35 Great Jones Street.

India’s art market sees major resurgence in 2025; M F Hussain’s work breaks record

India's art market experienced a major resurgence in 2025, driven by record auction sales for modernists like M.F. Husain, Tyeb Mehta, and V.S. Gaitonde. Husain's 'Gram Yatra' became the first Indian painting to sell for over USD 10 million, setting a new benchmark. The boom is fueled by India's strong economy, rising private wealth, digital platforms, and increased global recognition. The India Art Fair in Delhi and the launch of India Art Fair Contemporary in Mumbai highlighted strong sales, with galleries selling 90% of their stands on preview day. A reduction in India's goods and services tax on art from 12% to 5% further boosted the market, while independent reports estimate Indian art auctions reached Rs 2,456.7 crore, up over 20% from the previous year.

In 2025, new ‘independent and nimble’ art fairs began redrawing the market map

In 2025, several established art fairs were cancelled or postponed, including the Art Dealers Association of America's Art Show in Manhattan, Taipei Dangdai, Photofairs Hong Kong, and the India Art Fair's Mumbai expo. Amid these retrenchments, a wave of smaller, alternative art fairs emerged in cities like New York, Paris, and the Berkshires, organized by gallerists and curators seeking new formulas focused on coalition, affordability, and intimacy. Examples include Esther in Manhattan (co-founded by Margot Samel and Olga Temnikova), the Arrival Art Fair in North Adams (co-founded by Yng-Ru Chen, Crystalle Lacouture, and Sarah Galender Meyer), 7 rue Froissart in Paris (organized by Sara Maria Salamone and Brigitte Mulholland), and Post-Fair in Santa Monica (founded by Chris Sharp).

Meet 14 Women Shaping India’s Booming Art Scene

Artsy profiles 14 influential women who are shaping India's rapidly evolving art market, including Nita Mukesh Ambani, Jaya Asokan, Shireen Gandhy, and others. The article highlights their roles as founders, directors, collectors, and patrons, with a focus on the upcoming 17th edition of the India Art Fair, which will feature a record 135 exhibitors. Each woman is described as contributing to the growth of galleries, auction houses, biennales, and cultural institutions across the country.

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.

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Taipei Dangdai, the art fair in Taiwan, has canceled its 2026 edition as organizers undertake a "strategic re-evaluation" of the fair's model, timing, scale, and format. The fair, which held its sixth edition in May 2025, is part of The Art Assembly, a conglomerate overseeing three regional Asian fairs including Art SG and Tokyo Gendai. The number of participating galleries dropped from over 90 in its 2019 inaugural edition to 54 in 2025, with no mega-galleries participating this year. The announcement follows a similar "strategic pause" by the Art Dealers Association of America (ADAA) for its flagship fair, The Art Show, and comes amid broader challenges for the fair's organizer, Angus Montgomery Arts, which also canceled recent editions of Photofairs in Hong Kong and New York.

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Taipei Dangdai Art and Ideas, the annual art fair in Taiwan's capital, will not hold its 2026 edition as organizers pause to conduct a strategic evaluation of the fair's model, timing, scale, and format. The decision follows a prolonged contraction in the art market and comes days after the Art Dealers Association of America canceled its long-running Art Show in New York. The fair, which first launched in 2019 and held its sixth edition in May, had seen its exhibitor numbers decline from over 90 to around 50 this year. Co-director Robin Peckham left after the 2025 edition, and the fair's parent organization, the Art Assembly, has removed material about previous editions from its website, with its Instagram account apparently disabled.

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The 1-54 Contemporary African Art Fair in Marrakech saw a significant contraction in 2026, with participation dropping by over 25 percent to just 22 galleries. This decline coincides with the recent arrival of Art Basel in Doha, which is intensifying competition for galleries and collectors' attention across the MENASA region, forcing dealers to make strategic choices about which fairs to support.

Threshold Art Gallery and the Hermitage Museum Present Landmark Exhibition of Contemporary Indian Art

Threshold Art Gallery and the State Hermitage Museum in St. Petersburg, Russia, are presenting a landmark exhibition of contemporary Indian art titled "Sediments of Becoming: Fossilised Present, Summoned Pasts." Opening on 4 June 2026 and running until 4 October 2026, it is the first dedicated presentation of contemporary Indian art in the Hermitage's 260-year history. The exhibition features works by eleven Indian artists—including Afrah Shafiq, Anindita Bhattacharya, Debashish Mukherjee, Gargi Raina, Lakshmi Madhavan, Manjunath Kamath, Maya Krishna Rao, Pushpamala N., Ravinder Reddy, Sumakshi Singh, and V. Ramesh—several of whom created new commissions after a 2025 residency at the Hermitage. Curated by Marina Schulz and Tunty Chauhan, the show places contemporary works alongside historical objects from the museum's vast collections, fostering a dialogue across time and geography.

India Art Fair strengthens its role as launchpad for South Asian talent

The 17th edition of the India Art Fair (IAF) in New Delhi is set to be its largest yet, featuring 87 galleries and positioning itself as a crucial launchpad for South Asian artists. The fair highlights the region's growing prominence, evidenced by its role in developing artists now featured in major exhibitions like India's national pavilion at the Venice Biennale.

Artist Sid Pattni’s Dual Cultural Backgrounds Inspire His Exploration of Identity in Flux | Travel Insider

Melbourne-based artist Sid Pattni is gaining international recognition for his unique fusion of portraiture and traditional Indian embroidery. Following a transformative residency in New Delhi, Pattni has developed a practice that reclaims colonial-era imagery by framing figures within vivid, beaded borders inspired by Mughal miniatures. His work explores the complexities of the Indian diaspora and the fluid nature of identity, moving beyond conventional portraiture to incorporate ancestral craft techniques.

Witness a poetic dialogue between humanity and nature come alive at this exhibition in New Delhi

Artist Yashika Sugandh presents 'Vartaman,' a solo exhibition exploring the relationship between humanity and nature, at the Living Traditions Centre, Bikaner House, New Delhi, from September 27 to October 1, 2025. The show features intricate paintings and mixed-media works that blend whimsical hybrid creatures—such as snails carrying giraffes and turtles becoming tomatoes—with motifs like tree branches, reflecting Sugandh's reverence for the natural world. After its run at Bikaner House, the exhibition will continue at Black Cube Gallery, New Delhi, until October 31.

Time as Witness: Ai Weiwei at Nature Morte

Ai Weiwei has launched his first major solo exhibition in India at Nature Morte gallery in New Delhi, timed to coincide with the India Art Fair 2026. The show features a range of works spanning three decades, including his signature large-scale Lego compositions and porcelain sculptures. Notably, the artist debuted new pieces that engage specifically with Indian art history, reimagining works by modernists SH Raza and VS Gaitonde, as well as traditional Rajasthani Pichwai paintings, through his modular toy-brick medium.

Ai Weiwei's first solo show in India features a Pichwai in his iconic toy-brick style

Globally renowned conceptual artist Ai Weiwei has opened his first solo exhibition in India at the Nature Morte gallery in New Delhi. The show, presented in collaboration with Galleria Continua, features his iconic toy-brick canvases, including new commissions inspired by Indian modernist painters like Raza and Gaitonde, and a unique LEGO-brick interpretation of a traditional Pichwai painting. Other works address themes of migration, history, and censorship through mediums like Neolithic stone axes, porcelain urns, and repurposed furniture.

Ai Weiwei’s first India solo exhibition to open in New Delhi

Chinese artist and activist Ai Weiwei will open his first solo exhibition in India this week at Nature Morte gallery in New Delhi, running from 15 January to 22 February. The untitled show spans four decades of his career, featuring large-scale Lego works based on famous artworks (including versions of Hokusai's 'Surfing' and Monet's 'Water Lilies'), new Lego pieces inspired by Indian Pichwai paintings and homages to modernist painters V.S. Gaitonde and S.H. Raza, plus installations such as 'Whitewashed Remnants of History of the State of Emerging Future Works' and 'F.U.C.K.' (2024). All works are for sale, with several pre-sold; the exhibition is a collaboration between Nature Morte and Galleria Continua.

The Architecture of the Void Explores Modern Indian Art at Gallery Dotwalk, New Delhi

Gallery Dotwalk in New Delhi has opened its second exhibition, 'The Architecture of the Void: Lines on a Postcolonial Skeleton,' featuring works on paper by leading modern Indian artists. The show, which runs until May 30, 2026, highlights drawings, watercolors, and etchings from a generation of artists processing India's post-Independence and Partition era.

Why global museums like LACMA are turning their attention to India’s art market

Global museums like LACMA are increasingly turning their attention to India’s art market, which has matured significantly in recent years. This is evidenced by heightened interest from international galleries and institutions in Indian art fairs, high auction prices for works by the Bombay Progressives, and growing global engagement with events such as Art Mumbai.