South Asian Art Market Report 2019

  • Analyst:
  • Pages: 35
  • Access: Analyst
Shaping the future of the South Asian Art Market

It has been an eventful 36 months since ArtTactic launched its first South Asian Art Market report. The disruptive forces of the demonetisation at the end of 2016 and the introduction of the new Goods and Services Tax (GST) in 2017 caused widespread concern in the art trade. Despite this, the South Asian art market has shown a remarkable resilience in this period, with both auction sales and gallery sales growing at a steady pace.

ArtTactic is delighted to launch the third edition of the South Asian Art Market Report 2019 in partnership with W/R/B Underwriting.

About this report:

This year’s edition is looking at the overall South Asian art market, including the gallery sector and auction houses.  This year we have also taken a closer look at online sales and buying behaviour, as well as looking at the younger generation of South Asian artists that have broken through in the international art market. The report looks at sales levels, average prices, analysis of different sales channels.

Who is it for?

This report is popular among collectors, art advisors, galleries and auction houses.

Key Findings:
South Asian art market up 7.7% in 2018
South Asian gallery sales up 9.1%  in 2018
Modern art market up 39.7% in 2018 
Contemporary art auction sales double in 2018
Higher online buying activity among South Asia art buyers in 2018


Report Content:
Key Findings
South Asian Art Market Outlook 2019
Gallery Sales Outlook 2019
Risk & Speculation Barometers
Next Generation: South Asian Artist
Auction Analysis
Top Artists by Auction Sales
Top 50 Modern Artists at Auction
Top 50 Contemporary Artists at Auction


South Asian art market up 7.7% in 2018: South Asian art sales were conservatively estimated at $240.2 million in 2018, up from $223 million in 2017.