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The Art Market 2026

Why art,
and why now.

In 2025, the world spent US$59.6 billion on art, its first rise since 2022. In India, the rise has been far steeper, and many of today's buyers are collecting for the first time. They are not filling vaults. They are completing homes.

Updated November 2026Every figure sourced and dated
The Art Market 2026

India is collecting again

4.1×Indian art sold at auction, 2025 against 2020

Indian art sold at auction reached Rs. 2,543 crore in 2025, four times its 2020 level.

At Goomti, we bring paintings, sculpture and commissioned work into the rooms they were meant for. The collection begins there.

Indian art at auction is now worth four times its 2020 levelPublic auction sales of Indian art worldwide, Rs. crore
01,0002,0003,00020152016201720182019202020212022202320242025Rs. 623 crRs. 2,543 cr01,0002,0003,000201520172019202120232025Rs. 623 crRs. 2,543 cr
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Rs. crore
2015Rs. 792 cr
2016Rs. 662 cr
2017Rs. 651 cr
2018Rs. 876 cr
2019Rs. 740 cr
2020Rs. 623 cr
2021Rs. 773 cr
2022Rs. 1,110 cr
2023Rs. 1,707 cr
2024Rs. 1,683 cr
2025Rs. 2,543 cr

Source: Artprice, as published in 360 ONE, The Collector's Guide 2026. Calendar years; public auction sales only, excluding gallery and private sales.

The Art Market 2026

A market growing again

US$59.6 bnGlobal art sales in 2025, up 4%

In 2025 the world spent US$59.6 billion on art, its first rise since 2022. Dealers and galleries still carry more than half of it.

Most art still changes hands through a person, not a paddle. A curator who knows the work, and the room, is part of what a collector buys.

A US$59.6 bn global market, growing againGlobal art sales by channel, 2025, with change on 2024
Dealers and galleriesUS$34.8 bn +2%Public auctionsUS$20.7 bn +9%Private auction salesUS$4.2 bn −5%Dealers and galleriesUS$34.8 bn +2%Public auctionsUS$20.7 bn +9%Private auction salesUS$4.2 bn −5%
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US$ bn
Dealers and galleries (+2%)US$34.8 bn
Public auctions (+9%)US$20.7 bn
Private auction sales (−5%)US$4.2 bn

Source: Art Basel and UBS, The Art Market 2026. Parts are rounded; private sales were just under US$4.2 bn.

The Art Market 2026

From the Bengal School to your walls

6 of 9National Art Treasure artists from Bengal

India has declared nine artists National Art Treasures, whose works may not leave the country. Six of them came from Bengal: Rabindranath, Abanindranath and Gaganendranath Tagore, Nandalal Bose, Jamini Roy and Sailoz Mookherjea.

That way of seeing still lives in Bengal's studios. At Goomti, we bring their work from the studio to your walls. A lineage you can live with.

Six of India's nine National Art Treasure artists came from BengalArtists whose works are declared National Art Treasures and cannot be exported from India
Rabindranath TagoreAbanindranath TagoreGaganendranath TagoreNandalal BoseJamini RoySailoz MookherjeaAmrita Sher-GilRaja Ravi VarmaNicholas RoerichFrom BengalFrom other parts of IndiaRabindranath TagoreAbanindranath TagoreGaganendranath TagoreNandalal BoseJamini RoySailoz MookherjeaAmrita Sher-GilRaja Ravi VarmaNicholas RoerichFrom BengalFrom other parts of India
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From Bengal
Rabindranath TagoreYes
Abanindranath TagoreYes
Gaganendranath TagoreYes
Nandalal BoseYes
Jamini RoyYes
Sailoz MookherjeaYes
Amrita Sher-GilNo
Raja Ravi VarmaNo
Nicholas RoerichNo

Source: Antiquities and Art Treasures Act, 1972, National Art Treasures list.

The Art Market 2026

Myth, India's most valued subject

4.2×India's auction record, 2026 against 2021

In April 2026, Raja Ravi Varma's Yashoda and Krishna sold for Rs. 167.2 crore, the highest price ever paid for an Indian work at auction. The record has been rewritten four times since 2021, and its newest holder is a mother and child from Indian myth.

India has always returned to its myths. Siddhartha Sengupta's Krishna and Samik De's deities carry that conversation forward in a contemporary hand. Myth, made personal.

ThemeMythological

India's auction record has risen more than fourfold since 2021Highest price paid for a single Indian artwork at auction, Rs. crore, including buyer's premium
V.S. Gaitonde, 2021Rs. 39.98 crS.H. Raza, 2023Rs. 51.75 crAmrita Sher-Gil, 2023Rs. 61.8 crM.F. Husain, 2025Rs. 118 crRaja Ravi Varma, 2026Rs. 167.2 crV.S. Gaitonde, 2021Rs. 39.98 crS.H. Raza, 2023Rs. 51.75 crAmrita Sher-Gil, 2023Rs. 61.8 crM.F. Husain, 2025Rs. 118 crRaja Ravi Varma, 2026Rs. 167.2 cr
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Rs. crore
V.S. Gaitonde, 2021Rs. 39.98 cr
S.H. Raza, 2023Rs. 51.75 cr
Amrita Sher-Gil, 2023Rs. 61.8 cr
M.F. Husain, 2025Rs. 118 cr
Raja Ravi Varma, 2026Rs. 167.2 cr

Source: Hindustan Times (2021), India Gazette (2023), IIMA-Aura Art Indian Art Index (2025), Open Magazine (2026). Nominal prices; each step is a new record, held until the next sale beat it.

The Art Market 2026

Why the original matters

22%Fall in cortisol after time with original paintings, against 8% for reproductions

In a 2025 study for Art Fund, researchers at King's College London found that about twenty minutes with original paintings lowered cortisol by 22%. Reproductions lowered it by 8%.

Texture, scale and the trace of a hand do something a print cannot. Ramdas Thorat's fields and rivers, built in richly textured acrylic, are made to be met in person. Every work we offer is an original. Calm, hung on your wall.

Original paintings eased stress nearly three times as muchFall in cortisol, the body's main stress hormone, after about 20 minutes with the work
Viewing original paintings22%Viewing reproductions8%Viewing original paintings22%Viewing reproductions8%
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%
Viewing original paintings22%
Viewing reproductions8%

Source: King's College London for Art Fund (2025), 50 participants aged 18 to 40 at the Courtauld Gallery; not peer-reviewed at release. Inflammation markers also fell after viewing originals: IL-6 by 30%, TNF-alpha by 28%.

The Art Market 2026

Art and a long life

31%Lower risk of dying among adults who engaged with the arts every few months

Researchers at University College London followed 6,710 adults over 50 for fourteen years. Those who engaged with the arts every few months had a 31% lower risk of dying during that time than those who never did. It is an association, not a promise.

Time with art is time well spent. Jiban Biswas calls a series of his paintings Quality Time. We believe a home should offer that every day. Well-being, within your walls.

Regular time with art is linked to a longer lifeLower risk of dying over 14 years, compared with adults who never engaged
Every few months or more31%Once or twice a year14%Every few months or more31%Once or twice a year14%
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%
Every few months or more31%
Once or twice a year14%

Source: Fancourt and Steptoe, UCL, BMJ (2019). 6,710 adults aged 50+ in England, followed for 14 years; arts engagement included museums, galleries, exhibitions, theatre and concerts. An association, not proof of cause.

The Art Market 2026

New homes, unfinished rooms

+63%Indians worth US$30 mn or more, 2026 against 2021

The number of Indians worth US$30 million or more has grown 63% in five years, to 19,877, according to Knight Frank. One of Mumbai's leading gallerists links India's art revival to its booming real estate, and the walls that come with it.

A room is not finished when its walls are painted. It is finished when it holds something that speaks of the person within it. We pair each work with its wall, its light and its life. Your home, completed.

India's ultra-wealthy population has grown 63% in five yearsIndians with a net worth of US$30 mn or more
010,00020,00030,000202120262031just over 12,00019,87725,217010,00020,00030,000202120262031just over 12,00019,87725,217
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people
2021 (just over 12,000)12,200
202619,877
2031 (forecast)25,217

Source: Knight Frank, The Wealth Report 2026. 2021 figure reported as "just over 12,000" (drawn at the level implied by the reported 63% growth); 2031 is Knight Frank's forecast.

The Art Market 2026

Being a collection

20%Share of collectors' wealth held in art and collectibles, 2025

Wealthy collectors around the world now hold a fifth of their wealth in art and collectibles, up from 15% a year earlier. For Gen Z collectors, the share is 26%.

A collection rarely begins with a plan. It begins with a single work that stays with you. We help you find it, or commission it for your space. The first chapter, yours to write.

Collectors now hold a fifth of their wealth in artShare of wealth held in art and collectibles, high-net-worth collectors
2024 average15%2025 average20%Gen Z collectors26%Collectors worth US$50 mn+28%2024 average15%2025 average20%Gen Z collectors26%Collectors worth US$50 mn+28%
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%
2024 average15%
2025 average20%
Gen Z collectors26%
Collectors worth US$50 mn+28%

Source: Art Basel and UBS, Survey of Global Collecting 2025 (3,100 high-net-worth collectors across 10 markets; global figures, not India-specific).

The Art Market 2026

Buyers are back in the room

35%Share of dealer sales made at art fairs, 2025

Collectors want to stand in front of the work again. Art fairs rose to 35% of dealer sales in 2025, while online-only sales fell to 15% of the market, from a 2020 peak of 25%.

This is why we hold showings, not just listings. A work is understood in a room, among people who feel the same pull.

Art fairs rose to 35% of dealer sales as online fell to 15% of all art salesShare of sales, 2024 and 2025
2024202531%35%Art fairs18%15%Online-only2024202531%35%Art fairs18%15%Online-only
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20242025
Art fairs, share of dealer sales31%35%
Online-only, share of all art sales18%15%

Source: Art Basel and UBS, The Art Market 2026; 2024 fair share via Artinfoland. Fair share is of dealer sales; online share is of all art sales. 2024 online share derived from the reported 3-point fall to 15%.

Reading these numbers

Sourced, not borrowed

Each figure names its source and year. Where a study shows a link rather than a cause, we say so.

Renewed each year

The Art Market is refreshed with every new edition of the reports it draws on. Past editions stay available.

Read with the work

Numbers explain why people collect. The reason to bring a work home is still the work. Stand with it first.

Art for your space

Begin with one work that stays with you.

Send us a photo of the wall. A curator will suggest works in proportion, in your light.

See the artworks

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