The Indian art market is undergoing a notable transformation, marked by a 43.7% increase in auction sales during the first half of 2026. Veteran gallerist Dadiba Pundole notes that while art is increasingly viewed as an investment, buyers must exercise caution and conduct thorough research rather than treating it like a standard financial product. The growth is supported by a rapidly expanding population of ultra-high-net-worth individuals, particularly in hubs like Mumbai and Delhi. Furthermore, the market is benefiting from improved transparency and a younger demographic of collectors who are diversifying their interests. Despite this positive momentum, experts warn against assuming that past price appreciation guarantees future returns. As the collector base widens and infrastructure matures, the sector continues to evolve, though potential geopolitical instability remains a factor that could influence future spending patterns.
Source : Livemint
Photo : Livemint
