The Asia Week in New York is an effort by galleries and Museums to exhibit Asian art and promote sales. According to Tom Mashberg’s reporting in the New York Times, it generated $360 million in sales last year.
But this year the event also generated considerable law enforcement attention, with by my count the seizure of eight antiquities. At least so far It revealed again the depressing scope of antiquities looting networks. Even when a network is revealed, and dismantled, objects appear again on the market for years after a successful investigation—in some cases decades or more. The ICE press release estimated that the Kapoor investigation and Operation Hidden Idol has secured over 2,500 objects, worth an estimated $100 million, with a total of four arrests.
The seizures at Asia Week this year stem largely from the investigation by Federal Agents, in cooperation with Indian authorities, of Subhash Kapoor.
Chasing Aphrodite has comprehensive coverage, and offers this background on the investigation: