Sotheby's Modern and Contemporary South Asian Art auction in New York achieved a total of $22.1 million with 100% of lots sold, setting 12 new auction records for artists from the region. The sale was headlined by Vivan Sundaram's 1967 painting 'Inbetweeness,' which sold for $896,000 and more than doubled his previous annual auction total, and M.F. Husain's 'Second Act,' which fetched $5.1 million.
Christie's auction house is launching a major sale titled 'Sublime Shadows' in London on June 11, featuring 93 works of South Asian Modern and contemporary art from an anonymous private collection. This marks the auction house's first dedicated South Asian Modern art sale in London since 2019, highlighting a surge in market activity and curatorial interest for the category.
Veteran Indian artist Anjolie Ela Menon is currently presenting a career-spanning exhibition titled 'Revisitations' at Triveni Kala Sangam in New Delhi. Presented by Vadehra Art Gallery and curated by Uma Nair, the show features over 30 works ranging from the 1950s to new pieces created in 2025 and 2026. The exhibition highlights Menon’s steadfast commitment to figurative painting, Byzantine-inspired imagery, and recurring motifs such as the empty chair and the crow, which explore themes of presence and loss.
Aicon Art in New York has opened its first exhibition dedicated entirely to Indian miniature painting, titled "Courtly Visions: Indian Miniature Painting." The show features a breadth of works created between roughly 1630 and the early 19th century, showcasing the intricate detail and narrative scenes characteristic of the genre. It aims to highlight the diverse styles and themes that emerged from various royal courts across the Indian subcontinent.
Grosvenor Gallery has announced the availability of a significant 1969 oil painting by M.F. Husain titled "Untitled (Head of a Horse)." The work, which features the artist's signature equine subject matter with bared teeth and exaggerated features, was recently showcased at Frieze Masters 2024 as part of the "South Asian Modernists in Paris" exhibition. The painting has a documented provenance involving the Vadehra Art Gallery and has been held in a private London collection since 2007.
AstaGuru Auction House is launching the third edition of its 'ShowKeen' exhibition at the Nehru Centre in Mumbai. The two-day showcase features a curated selection of modern and contemporary Indian art, highlighting works by over 40 influential masters including S.H. Raza, M.F. Husain, F.N. Souza, and Akbar Padamsee, alongside contemporary figures like Meetali Singh and Tom Vattakuzhy.
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.
The Indian art market has undergone a dramatic transformation, shifting from a selective market with works priced between Rs 5-25 crore to a record-breaking phase where prices now routinely cross Rs 50-100 crore. Key sales include M.F. Husain's 'Gram Yatra' (1954) for approximately Rs 118 crore in 2025, currently the highest price for an Indian artwork, and significant price escalations for modern masters like Tyeb Mehta, S.H. Raza, and Amrita Sher-Gil.
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.
Amita Shenoy, former curator of the M.F. Husain Museum in Bangalore, has selected six key works by the renowned Indian artist M.F. Husain that are now part of the collection at Lawh Wa Qalam in Doha. The selection includes pieces like 'The Raman Effect series' (1987), 'Arab Astronomy' (2008), and 'Quit India Movement' (1985), which illustrate major themes in Husain's life and artistic practice.
The article examines the life and legacy of Indian modernist painter M.F. Husain, focusing on his final years as a citizen of Qatar. It details his rise as a leading figure of the Progressive Artists' Group, his embodiment of a secular, post-independence Indian identity through his art, and the controversy that forced him into exile after 1996 due to accusations of blasphemy for depicting Hindu deities. He ultimately accepted Qatari citizenship in 2010 and died in London in 2011.
Fevicryl, a brand under Pidilite Industries, launched 'The Art Chapter – Celebrating the Local Artist' at Ahmedabad Ni Gufa, an iconic underground gallery designed by Balkrishna Doshi in collaboration with M.F. Husain. The six-day exhibition featured over 50 local artists working in acrylics, mixed media, sculpture, folk motifs, and contemporary mythological reinterpretations. Highlights included a painting titled 'Melody of Knowledge' and an Indian Art Workshop offering hands-on traditional techniques. The event drew nearly 5,000 visitors, with on-site sales and commission inquiries reported, and was inaugurated by Dr. Bhanwar Rathore, Founder and President of BRDS.
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.
The article analyzes the chaotic and contradictory state of the global art market in 2025, a year marked by extreme volatility following President Donald Trump's return to office. Key events include strong sales at Frieze Los Angeles in February, a record $13.8 million sale of a painting by M.F. Husain at Christie's, and a sharp downturn after Trump imposed sweeping tariffs on major trading partners. Major auctions in May fell far short of expectations, with only $837.5 million hammered against estimates of up to $1.6 billion. Meanwhile, Art Basel expanded with a new Qatar fair, but sales at Art Basel Switzerland dropped over 35% from 2024. The year also saw a wave of gallery closures, including the sunsetting of Blum & Poe.
Artnet News rounds up the standout auction moments of 2025, highlighting both triumphs and disappointments. M.F. Husain's *Untitled (Gram Yatra)* (1954) smashed expectations at Christie's, selling for $13.8 million—more than double the artist's previous record and the first South Asian Modern work to exceed $10 million. In contrast, Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) fell short of its $50 million estimate at Christie's, missing the artist's auction record, while Alberto Giacometti's *Grande tête mince* (1955) failed to sell at Sotheby's despite a $70 million asking price, underscoring market volatility.
The global art market continued to contract in 2025, with prominent galleries such as Blum, Clearing, Sperone Westwater, Tilton, Kasmin, TJ Boulting, Project Native Informant, Nir Altman, and Altman Siegel closing due to challenging macroeconomic conditions. However, a rebound emerged at the top end by autumn, driven by Sotheby's white-glove sale of the Pauline Karpidas collection, strong VVIP sales at Art Basel Paris, and New York's November auctions, where Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.3 million and Frida Kahlo's *El Sueño (la cama)* (1940) for $54.7 million. Christie's and Sotheby's reported increased sales from 2024, with second-half auctions up 26% year-on-year, though recovery remains uneven and concentrated in classic secondary-market tastes.
Qatar has unveiled a new museum dedicated entirely to the late Indian Modernist artist M.F. Husain, titled Lawh Wa Qalam: M.F. Husain Museum. Located in Doha's Education City, the museum houses over 150 artworks spanning from the 1950s to his death in 2011, including paintings, poetry, photography, tapestries, sculptures, and installations. The museum, opened on November 28 by the Qatar Foundation chaired by Sheikha Moza bint Nasser, fulfills a long-held dream of the artist, who was granted Qatari citizenship in 2010 after self-imposed exile from India. The building was designed by architect Martand Khosla based on a sketch Husain himself created for his envisioned museum.