The Indian art market is often discussed through isolated milestones—record prices, headline auctions, or individual artists in focus. Yet markets are shaped less by moments and more by patterns.

Between 2023 and 2025, Indian visual art experienced a period of recalibration rather than exuberance or decline. Buyer behaviour evolved, preferences sharpened, and trust emerged as a defining factor in sales and acquisitions.

This report was created to document those patterns—and to interpret what they signal for the year ahead.

It does not attempt to predict prices or recommend investment strategies. Instead, it offers a structured, data-informed reading of recent trends to help buyers, collectors, connoisseurs, and institutions make more informed decisions.

What the Report Covers

This PDF report examines Indian visual art sales trends across India and global markets over the last three calendar years.

Inside the report, you'll find:

A clear snapshot of global and Indian art market trends (2023-2025)
Analysis of what sold—and why—across mediums, styles, and categories
Shifts in buyer behaviour, including domestic and diaspora participation
Key landmark sales and what they reveal about market confidence
The growing role of trust, documentation, and credibility in transactions
A focused interpretation of what these trends signal for 2026
Practical considerations for buyers, collectors, and institutions

The report looks at visual art in its entirety—not only paintings, but also sculpture,
works on paper, photography, prints, and mixed-media practices.

Who This Report Is For

This report is especially relevant for:

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Art buyers and collectors

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Connoisseurs and enthusiasts seeking deeper market understanding

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Institutions, foundations, and corporate collections

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Advisors and professionals working with art assets

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Anyone interested in how Indian art is evolving as a cultural and market ecosystem

It is not intended as a trading guide or speculative forecast.

How This Report Is Different

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Grounded in credible, publicly available data sources

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Focused on interpretation, not prediction

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Covers both Indian and global contexts

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Treats art as a cultural asset, not just a financial one

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Written to remain relevant beyond short-term market cycles

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