The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
A marble statue of Shiva and Parvati (8th Century) sitting on tiger skin, originating from Afghanistan was seized by Homeland Security Investigations (HSI) officials from a gallery on East 67th Street in Manhattan – owned by Leonardo Vigorelli – who is the owner of Milan-based Dalton Somare’ art gallery.
2 HSI officers with the 8th century marble sculture – Courtesy: New York Times (Tina Fineberg)
Interestingly, this has been a busy week as on March 11th they had seized two sculptures from Christie’s. Christie’s scultures included:
A Buff Sandstone Stele of Rishabhanata, from Rajasthan or Madhya Pradesh, India, in the 10th century A.D, approximately 22 3/8 inches high, and depicting a stele carved with the first Jain Tirthankara (a teacher who preaches dharma) seated in vajrasana (crossed leg pose) and flanked by a pair of standing attendants, and valued at approximately $150,000.
A Buff Sandstone Panel Depicting Revanta and His Entourage, from India, in the 8th Century A.D., approximately 30 by 53 inches, depicting a very rare representation of the equestrian deity, Revanta, a figure of great importance in Hinduism, and valued at approximately $300,000.
Buff Sandstone Stele of Rishabhanata – 10th century – seized from ChristieBuff Sandstone Panel Depicting Revanta and His Entourage – from India in the 8th Century
And on 15th March, they got another one that was being shipped into New York for sale. This was a 2nd century Bodhisattva schist head from the Gandhara civilization which was most probably stolen from somewhere in Pakistan.
On March 17th, Thursday Nancy Wiener Gallery was raided and two Ancient Indian sculptures were seized.
An 8th Century limestone sculpture of Shiva and Parvati valued at $35,000
A 1st Century red sandstone Kushan Relief valued at $100,000
A 1st Century red sandstone Kushan Relief valued at $100,000An 8th Century limestone sculpture of Shiva and Parvati valued at $35,000
Nancy Wiener has been involved in illicit art business for very long.
Wiener is a second generation antiquities dealer who runs one of the country’s most prestigious Asian art galleries on Manhattan’s East 74th Street. Last year we revealed her role in the sale of a Kushan Buddha with a false ownership history to the National Gallery of Australia. Wiener agreed to refund the $1.08 million purchase price to the museum, which will soon return the sculpture to India.
Wiener is the latest target in a series of highprofile Asia Week raids that were quietly orchestrated over the past year by special agent Brent Easter at Immigration and Customs Enforcement and prosecutor Matthew Bogdanos at the Manhattan District Attorney’s Office.
All these were to be part of the Asia Week New York. More than 40 galleries and auction houses were to participate in showing and sell paintings, sculptures, jewelry, textiles and photographs from Asia.
Manhattan prosecutors and Homeland Security Investigation officials have been trying to recover items stolen from temples and other ancient sites in Asia. Most of the items recovered recently are connected to Subhash Kapoor who took out over 2600 pieces from India. He is in jail still waiting for trial.
Over the past four years, the Manhattan DA’s Office and HSI New York have partnered on Operation Hidden Idol, focusing on activities surrounding the illicit cultural property trade in New York. The investigation has also identified Subhash Kapoor, who is currently in custody in India awaiting trial for allegedly looting tens of millions of dollars’ worth of rare antiquities from several nations. The trails of looted artifacts have been traced all around the world. Within the past twelve months, four domestic museums and one major collector have partnered with HSI to surrender illicit cultural property stemming from Kapoor. To date, HSI special agents, in conjunction with the Manhattan DA’s Office, have netted in excess of 2,500 artifacts worth over an estimated $100,000,000.00. These artifacts stem from countries all around the world. Additionally, four individuals have been arrested in the U.S. for their role in the scheme.
The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
This visit of India left me with many questions. Many observations and inputs from different people and sections. Food for thought that I have tried to contemplate on and make sense of. Sharing all that with you.
When you analyze the last 60 years of the economic miracles of Singapore, South Korea and Malaysia versus the continued impoverished Indian economy, you get very interesting lessons. Can Indians have the wherewithal in them to do in one generation so that the coming generations may rise?
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