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The Venice Biennale has long been a sales platform—now no one is pretending otherwise

The Venice Biennale, traditionally a government-subsidized non-commercial institution where sales were downplayed, is experiencing an unprecedented open embrace of commerce. For the first time, Christie's is hosting an invitation-only selling exhibition in Venice, offering works ranging from Old Masters like Lucas Cranach to Modern and contemporary giants such as Andy Warhol, Louise Bourgeois, and Mark Bradford, with prices from $500,000 to over $35 million. Dealers, auction houses, and private foundations are openly pricing and selling works to collectors, spurred partly by Italy's reduced 5% VAT rate on art imports, now Europe's lowest.

We visited the 2026 Venice Art Biennale: the exhibitions and pavilions you shouldn’t miss

The 2026 Venice Art Biennale has opened across the Giardini, Arsenale, and venues throughout the city, with geopolitics, climate collapse, and national identities dominating the exhibitions. Notable pavilions include Austria's "Seaworld Venice" by Florentina Holzinger, the Czech and Slovak Pavilion's "Il Silenzio della Talpa" by Jakub Jansa and Selmeci Kocka Jusko, India's "Geographies of Distance: remembering home" featuring multiple artists, and the Taiwan Pavilion's "Screen Melancholy" by Li Yi-Fan. The Russian Pavilion has become a focal point of controversy, with guards and empty beer bottles outside, and the Pussy Riot collective staging a protest nearby.

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.

Big prices, bigger confidence: Inside Indian art’s breakout era

The Indian art market is experiencing a significant boom, characterized by record-breaking auction prices for established masters like SH Raza and MF Husain, and growing international visibility for contemporary artists at biennales and fairs. A new generation of high-net-worth collectors is driving this growth, building collections with greater intent, knowledge, and personal connection rather than pure speculation.

May 2026 Opportunities: Open Calls, Residencies, and Grants for Artists

Colossal's May 2026 opportunities roundup lists multiple open calls, residencies, and grants for artists worldwide. Featured opportunities include the Scenerium 2026 Art Award (deadline May 7), the Hopper Prize offering $4,500 and $1,000 artist grants (deadline May 12), and the SaveArtSpace Billboard Art Open Call curated by Gigi Chen (deadline May 7). Other listings include the YICCA Art Prize, CIFRA Award, Cass Art Prize for the U.K. and Ireland, Sunshine Coast National Art Prize in Australia, an opportunity to get published in Artistonish magazine, and the Abbey Mural Prize.

India pavilion returns to the Venice Art Biennale 2026 with a bang after seven-year hiatus

India has returned to the Venice Art Biennale with a national pavilion at the 61st International Art Exhibition, after a seven-year hiatus. The pavilion, titled "Geographies of Distance: Remembering Home," is presented by India's Ministry of Culture in partnership with the Nita Mukesh Ambani Cultural Centre and Serendipity Arts Foundation, curated by Amin Jaffer. It features five artists—Alwar Balasubramaniam, Sumakshi Singh, Ranjani Shettar, Skarma Sonam Tashi, and Asim Waqif—whose works explore themes of home, loss, displacement, and cultural memory through materials like soil, thread, bamboo, and clay.

India at Venice Biennale 2026 curtain raiser: Many voices, one resonance

India has announced its participation in the 61st Venice Biennale with the India Pavilion exhibition titled 'Geographies of Distance: Remembering Home,' curated by Amin Jaffer. The exhibition, presented by the National Gallery of Modern Art and the Ministry of Culture, will feature works by five artists: Alwar Balasubramaniam, Ranjani Shettar, Sumakshi Singh, Skarma Sonam Tashi, and Asim Waqif. It will run from May 9, 2026, with previews from May 6-8. The pavilion is supported by Isha Ambani, chairperson of the Nita Mukesh Ambani Cultural Centre, and Sunil Munjal, founder of Serendipity Arts Foundation. Additionally, on May 8, Kochi-Muziris Biennale president Jitish Kallat will announce the curator for its seventh edition.

All you need to know about Klimt’s canvas that is now the most expensive modern artwork

Gustav Klimt's "Bildnis Elisabeth Lederer" (Portrait of Elisabeth Lederer) sold for $236.4 million at Sotheby's first auction in its new Breuer building location in New York, becoming the most expensive modern artwork ever sold at auction. The 1914-1916 portrait depicts Elisabeth Lederer, daughter of Klimt's patrons Serena and August Lederer, and was previously owned by Estée Lauder heir Leonard A. Lauder, who died earlier this year. The painting was looted by the Nazis during World War II, returned to the Lederer family in 1948, and later sold in 1983.

Five artists announced for India's Venice Biennale pavilion

India is returning to the Venice Biennale after a seven-year hiatus with a national pavilion in the Arsenale. The presentation, titled 'Geographies of Distance: Remembering Home,' will feature five artists: Alwar Balasubramaniam (Bala), Sumakshi Singh, Ranjani Shettar, Asim Waqif, and Skarma Sonam Tashi. The exhibition is curated by Amin Jaffer and is backed by India's Ministry of Culture and two cultural institutions.

UK Museum hosts first solo exhibition by Bangladeshi artist Soma Surovi Janat, supported by the British Council

The Ashmolean Museum in Oxford has launched "Climate Culture Care," the first solo exhibition by a Bangladesh-based artist in a UK museum, featuring the work of Soma Surovi Jannat. Developed during her residency at the institution, the show includes approximately 40 works, ranging from intricate drawings on paper to a 30-foot-long scroll and an ephemeral site-specific wall drawing. The exhibition is part of the Ashmolean NOW series, which tasks contemporary artists with creating new interventions inspired by the museum’s historical and archaeological collections.

Science Museum Partners With Serendipity Arts For Free Events In London This June

The Science Museum in London has partnered with Serendipity Arts, a not-for-profit foundation supporting artistic practice across South Asia, to present free events this June. The collaboration launches on June 5 with Innovation Lates, an adults-only evening of music, making, and ideas inspired by Indian innovation, as part of the Great Exhibition Road Festival. The festival marks 175 years since the Great Exhibition of 1851 and includes workshops, talks, performances, and a puppet parade directed by Dadi Pudumjee.