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Scaled back Art Dubai 2026 reveals wide impact of Iran war

Art Dubai 2026 has announced a significantly scaled-back edition for its 20th anniversary, now running from May 15 to 17 at Madinat Jumeirah with a VIP day on May 14. The fair will feature just 50 galleries—a 60% drop from pre-war expectations—and will be free for all visitors for the first time. Two-thirds of participants are Middle East-based, with all Indian galleries canceling due to safety concerns, shipping risks, and lack of insurance. A new “risk-sharing” model allows galleries to pay a percentage of sales capped at their booth fee, while half of withdrawn galleries’ fees are refunded and half credited toward 2027.

A Rare Blue-Green Diamond Ring Sold for Over $17 M. At Christie’s Geneva

A rare 5.5-carat blue-green diamond ring, named Ocean Dream, sold for over $17 million at Christie’s Magnificent Jewels auction in Zurich on May 13, 2026. The triangular-cut stone, estimated at $9–12 million, is set in an 18-karat white gold band with pink and white diamonds. The buyer was an unnamed private client, and the ring took 20 minutes to sell. It had previously fetched nearly $10 million at Christie’s Geneva in 2014.

Giant T. Rex Fossil Could Net a Monster Price at Sotheby’s

Sotheby's New York will auction a 67-million-year-old Tyrannosaurus rex fossil named Gus on July 14, with an estimated value of $20–$30 million—the highest estimate ever placed on a dinosaur skeleton. The specimen, discovered in Harding County, South Dakota, on land owned by the late rancher Gary "Gus" Licking, is approximately 63 percent complete with 183 fossil bone elements, including a well-preserved skull and rare humeri. Excavated over three summers from 2021 to 2023, Gus is comparable in size and integrity to only two other T. rex fossils that have come to market: Stan and Sue.