Rare ‘Ocean Dream’ Diamond Sells for Record $17.3 Million at Christie’s

A rare 5.5-carat blue-green diamond known as the 'Ocean Dream' sold for $17.3 million at Christie’s Geneva jewelry sale, setting a record for a fancy vivid blue-green diamond at auction. The sale far exceeded its presale estimate of $9 million to $13 million after a 20-minute bidding battle. In other auction news, Sotheby’s New York sold over $433 million worth of art in its contemporary art sales, including 11 pieces from the Robert Mnuchin collection. Meanwhile, London’s Wellcome Collection agreed to return around 2,000 sacred Jain manuscripts to the Jain religious community under a new restitution framework, acknowledging they were acquired unethically. Several art fairs were announced, including Zero 10 curated by Trevor Paglen at Art Basel in Switzerland, CAN Art Fair Ibiza’s fifth edition, and Art-o-rama’s 20th edition in Marseille. Notable gallery news includes the bankruptcy and closure of French gallery Air de Paris after 36 years, and Carine Karam becoming director of Opera Gallery’s New York outpost. Hong Kong’s M+ and Paris’s Centre Pompidou announced a multi-year strategic alliance, and New York’s Frick Collection entered a three-year partnership with Louis Vuitton.

7 New Art Books to Step Into Spring

Artnet News has curated a selection of seven significant new art book releases for the spring season, highlighting diverse subjects from historical archives to contemporary memoirs. Featured titles include a deep dive into Frida Kahlo’s private sanctuary, 'Casa Roja,' authored by her descendants; a curatorial history of Hong Kong’s avant-garde art scene by Oscar Ho Hing-kay; and a vibrant exploration of color in contemporary art featuring works by Yayoi Kusama and Tomás Saraceno.

the asia pivot state of play 2026 02 12

A flurry of art fair activity across Asia marked the early weeks of 2026. Art Basel's inaugural Qatar edition broke format with single-artist presentations, focusing on MENASA artists and discreet institutional buying. The India Art Fair in New Delhi reported strong sales for local and international galleries, while new fairs launched in Jakarta, Manila, and Hong Kong. Tokyo Gendai announced its return, and Art Basel's digital platform Zero 10 expanded to Hong Kong.

paint drippings art industry news feb 2 spanish dealers

A series of significant developments occurred across the global art industry this week. Expo Chicago announced a scaled-back edition under new director Kate Sierzputowski, while the Outsider Art Fair revealed its exhibitor list. A long-lost Renaissance portrait by Sofonisba Anguissola resurfaced at the Winter Show. Christie's will sell the collection of the late MoMA trustee Barbara Jakobson, featuring works by Jeff Koons and others. Bonhams made a key hire, and Sotheby's priced a major art-backed securitization. In gallery news, Alissa Friedman returned to Salon 94, Mary Cork joined Lehmann Maupin London, and several artists gained new representation, while New York's Francis Irv gallery announced its closure.

8 artists poised to break out in 2026

Artnet News asked four curators and four art advisors from around the world to each select one artist they believe is poised to break out in 2026. The article profiles the first two of eight artists: Indonesian artist Bagus Pandega, known for kinetic plant-based installations, who has had solo shows at Kunsthalle Basel and Swiss Institute New York; and Max Hooper Schneider, a Los Angeles-based artist creating aquarium-like works blending organic and artificial materials, recently exhibited at 125 Newbury gallery in New York.

paint drippings art industry news jun 2

This week's art industry roundup covers major personnel shifts, fair announcements, and institutional news. Phillips named Robert Manley chairman for Modern and contemporary art and Miety Heiden chairman for private sales after the departures of Cheyenne Westphal and Jean-Paul Engelen. Art Basel Paris announced 203 galleries for its October fair at the Grand Palais, while Kiaf Seoul will host 176 exhibitors in September. Tony Karman is stepping down as director of Expo Chicago after 14 years. Pace Gallery added Friedrich Kunath, Galerie Nordenhake signed Naufus Ramírez-Figueroa, and Sylvia Kouvali now represents Luigi Zuccheri. Ariel Pittman is launching a new Los Angeles gallery, Official Welcome. The Louvre will return 258 works from Adèle de Rothschild's bequest to the Fondation des Artistes. President Trump dismissed Smithsonian National Portrait Gallery director Kim Sajet over DEI support, though his authority is questioned. The Centre Pompidou announced a new $240 million outpost in Brazil. The Art Institute of Chicago confirmed director James Rondeau will return after a flight incident. The Pérez Art Museum Miami appointed Karen H. Bechtel as board president. Frieze and Deutsche Bank detailed their 2025 Emerging Curators Fellowship. A rare Gustav Klimt portrait of an African prince was offered for €15 million.

Revealed: the amazing frame once created for Van Gogh’s Sunflowers

A long-lost, custom-designed Art Deco frame for Vincent van Gogh's painting "Three Sunflowers" has been identified through archival research. The frame, which featured a dark lacquer finish, randomly placed gold circles, and angled outer edges, was commissioned by the Parisian couturier and collector Jacques Doucet shortly after he acquired the painting in 1912. Its existence was pieced together from a 1930s interior photograph, a 1967 family snapshot, and a frame sold at Sotheby's in 1989, allowing for a digital reconstruction of the complete artwork.

times esther kim varet campaign wet paint

Lower Manhattan is getting a new nonprofit art space called Times (styled in lowercase), founded by Summer Guthery and Francesca Sonara. Located on the fourth floor of 151 Lafayette Street above the Museum of Chinese in America, the 3,000-square-foot venue will operate for only three years. Its inaugural exhibition, featuring Danish artist Nina Beier, opens February 21 with a display of melting Cornetto ice cream cones. The space will officially open February 12 with a performance by Latvian choreographer Jana Jacuka. Guthery, previously founding artistic director of Canal Projects, and Sonara, former director of communications at Minnesota Street Project, met as graduate students at Bard College's Center for Curatorial Studies.

a reporters tour art basel miami beach nightlife

ARTnews reporter Daniel Cassady recounts his experience navigating the nightlife and social events surrounding Art Basel Miami Beach 2024. The article details his week from Monday to Wednesday, including parties at Untitled Art's venue at The Moore, a dinner at Joe's Stone Crab hosted by dealer Rob Dimin, Gagosian's party at Mr. Chow, and late-night gatherings at Casa Tua and Mac's Club Deuce. He spotlights art-world figures such as dealer Lindsey Jarvis, collector Beth DeWoody, and artist Lucy de Kooning Villeneuve, while noting the chaotic, phone-thieving atmosphere of the Deuce.

zohran mamdani names arts culture transition committee

david adjaye museums open without starchitect

René Magritte's surrealist masterpiece *La Magie Noire*, unseen on the market for nearly a century, will be auctioned at Sotheby's Paris later this month with an estimate over $8 million. The painting was originally purchased by the family of WWII resistance heroine Suzanne Spaak, who supported Magritte during a financially difficult period. Separately, three major museums designed by star architect David Adjaye—the Princeton University Art Museum, the Museum of West African Art in Benin City, and the Studio Museum in Harlem—are set to open this fall, but institutions are downplaying Adjaye's involvement following sexual misconduct allegations he denied in 2023. Other news includes Pace Gallery closing its Hong Kong space, Colnaghi opening in Riyadh, and the death of ARTnews owner Milton Esterow.

andrew cuomo zohran mamdani mayoral campaign donations

Former New York governor Andrew Cuomo relaunched his New York mayoral campaign as a third-party candidate on July 14, after losing the Democratic primary to Zohran Mamdani by 12 points on June 24. A recent ARTnews data analysis reveals that prominent art world figures have donated to both campaigns, with Cuomo receiving contributions from Christie's executives, Phillips and Sotheby's staff, Gagosian directors, art dealers, and museum leaders, while Mamdani drew support from foundation directors, museum curators, gallery directors, and numerous artists. The pro-Cuomo super PAC Fix the City received $5 million from billionaire Michael Bloomberg and $250,000 from Top 200 collector Daniel Loeb, while the pro-Mamdani super PAC raised about $1.4 million.

paint drippings art industry news jul 7

This week's art industry news covers major auction results, gallery changes, and restitution developments. At Christie's Old Masters evening sale in London, Canaletto's "The Return of the Bucintoro on Ascension Day" set a new auction record for the artist at £31.9 million ($43.9 million), leading the sale to a total of £60.8 million. Sotheby's Old Masters evening sale brought in £14.5 million, with three new records including Diana de Rosa's "Salome with the Head of Saint John the Baptist" selling for £317,500. A rare early watercolor by Man Ray, "Nude Playing Musical Instrument" (1913), resurfaced after decades and will be auctioned at Dreweatts. In gallery news, Blum gallery laid off most of its staff and plans to cease brick-and-mortar operations, while Waddington Custot announced a new Paris space, and Company Gallery hired Subhas Kim Kandasamy as executive director. White Cube now represents Firenze Lai, and JD Malat Gallery launched a new initiative for UAE artists. In restitution, the Netherlands returned 119 Benin Bronzes to Nigeria, and the Museum of Fine Arts, Boston, transferred two Benin works to the Oba of Benin.

ica san francisco to adopt citywide model

The Institute of Contemporary Art San Francisco (ICA SF) will leave its current home at The Cube in December 2025 to adopt a fully nomadic, citywide model, presenting exhibitions and programs at various sites across the Bay Area starting in early 2026. Its final shows at The Cube are solo exhibitions for Masako Miki and David Antonio Cruz, on view through December 7. The museum has already secured support from the Office of the Mayor of San Francisco and lined up programs for the next year, including exhibitions at the Transamerica Pyramid Center featuring Tara Donovan and Lily Kwong, and a two-person show for Dominique Fung and Heidi Lau at Pier 24 in 2026, with a partnership planned for 2027.

artnews awards 2025 nominees

ARTnews has announced the nominees for the 2025 ARTnews Awards, which honor excellence in art at US institutions and galleries. The awards, now in their second year, feature six categories: Emerging Artist, Established Artist, Lifetime Achievement, Best Thematic Museum Exhibition, Best Gallery Group Show, and a newly introduced Best Historical Artist category. The jury includes five top US curators and two ARTnews editors, with winners to be celebrated in November.

the scene at two essential summer art parties and a bevy of juicy art world gossip

Artnet News' Wet Paint column reports on two summer art parties. The White Columns benefit auction in New York raised $350,000, with works donated by 60 commercial galleries. Highlights included a KAWS 'Companion' piece selling for $16,500 and a Florian Krewer painting for $14,000, auctioned by director Matthew Higgs. Separately, London gallerist Sadie Coles has vacated her 1 Davies Street space after a decade and will open a new 6,000-square-foot location at 17 Savile Row, a historic townhouse that once housed the Burlington Fine Arts Club.

Elle Pérez Envisions New Residency Built on Family Legacy

Artist Elle Pérez is raising $100,000 to buy out relatives from a family home in Cabo Rojo, Puerto Rico, that has been in their family since the 1920s, with the goal of transforming it into an artist residency called Casa Pérez. To fund the project, Pérez is selling a portfolio of chromogenic studio prints for $1,795 each, produced in collaboration with the cultural office Public Relations. The artist’s work, known for intimate portraits and scenes of underground music, has been featured in the Whitney Biennial and solo exhibitions at the Baltimore Museum of Art and Carnegie Museum of Art.

Singapore Biennale 2025 Review: Divorced From Reality

Singapore Biennale 2025 Review: Divorced From Reality

The 8th Singapore Biennale, titled 'pure intention', features artworks like Gala Porras-Kim's picnic blanket sold in migrant-worker shops, intended to blur lines between art and daily life. The exhibition, curated by SAM staff, deliberately explores contradictions in artistic intention and challenges notions of purity and power through over 80 artists' works.

albright pennsylvania college selling art collection

Albright College in Reading, Pennsylvania, is quietly selling off the Freedman Gallery collection, which includes works by Romare Bearden, Salvador Dalí, Jasper Johns, and Robert Rauschenberg, to address a budget shortfall that recently reached $23 million. Art preparator Rich Houck discovered the storage space emptied without notice and was fired after reporting the move; the college has cut 53 positions, canceled academic majors, and considered selling real estate as part of a broader cost-cutting campaign. Former gallery staff are no longer employed, and major donors were not informed of the sale.

hayward gallery london sally tallant director

whitney museum new york isp open letter artists

More than 100 artists and scholars, including Emily Jacir, Hans Haacke, and Michael Rakowitz, have signed an open letter defending Dr. Sara Nadal-Melsió, the former associate director of the Whitney Museum of American Art's Independent Study Program (ISP), whose position was eliminated in June 2025. The termination followed the cancellation of a pro-Palestine performance titled "No Aesthetic Outside My Freedom: Mourning, Militancy, and Performance" by artists Fadl Fakhouri, Noel Maghathe, and Fargo Tbakhi, scheduled for May 12, 2025. The museum canceled the event after viewing a recording where a performer asked attendees who "believe in Israel in any incarnation" to leave. Nadal-Melsió had published a protest letter against the cancellation, leading to her dismissal. The open letter also demands the reopening of the ISP, which was suspended for the 2025-2026 program.

artists pull work whitney isp show palestine performance canceled

A group of artists participating in the Whitney Museum's Independent Study Program (ISP) have withdrawn their work from a capstone exhibition at Westbeth Gallery to protest the museum's cancellation of a pro-Palestine performance. The performance, titled "No Aesthetics Outside My Freedom: Mourning, Militancy, and Performance," by artists Fadl Fakhouri, Noel Maghathe, and Fargo Tbakhi, was scheduled for May 12 as part of the ISP curatorial exhibition "a grammar of attention." The Whitney canceled it after viewing a recording of an earlier presentation, citing the performers' demand that attendees who believe in Israel leave the audience and the valorization of specific acts of violence. ISP Associate Director Sara Nadal-Melsió stated that the cancellation was imposed by Whitney leadership, including director Scott Rothkopf, and that the independence of the ISP has been seriously compromised.

pope francis has died champion of artists

Pope Francis died on Easter Monday at his home in Casa Santa Marta at age 88, the Vatican announced. During his 12-year papacy, the first Jesuit and Latin American pontiff showed strong support for artists, becoming the first pope to visit the Venice Biennale last year, where he spoke at the Vatican's pavilion held in a women's prison. He emphasized the importance of contemporary art and women creators, citing Frida Kahlo and Louise Bourgeois, and urged artists to keep questioning and taking risks.

Blum Gallery’s Sudden End Shocked the Art Industry. What Happened?

On July 1, 2025, Tim Blum, the powerhouse Los Angeles dealer behind Blum Gallery, announced the sudden closure of his gallery after a 35-year run. The closure includes his Culver City headquarters, his Tokyo space, and a planned Tribeca location that will no longer open. Blum publicly framed the decision as a voluntary "sunset" due to systemic industry issues like over-expansion and burnout, but interviews with artists and staff reveal a more chaotic reality: the closure blindsided employees and artists, many of whom learned about it from news reports or a last-minute staff meeting that excluded Tokyo staff. Sources cite weak sales at Art Basel and Art Basel Hong Kong, poor business decisions—including buying out partner Jeff Poe and renovating a costly New York space—and a lack of severance or transition time as underlying factors.

The Art World This Week: 20 June 2025

This week's art news is dominated by the opening of Art Basel 2025, where dealers reported a strong start with numerous six-figure sales, including a David Hockney painting at Annely Juda Fine Art for $13–17 million and a $9.5 million Ruth Asawa sculpture at David Zwirner. Other major developments include the Museum of Modern Art announcing a major Marcel Duchamp survey for 2026, the reopening of a historic Paris building (temporary home for Centre Pompidou) after a £395 million rebuild, and the Studio Museum in Harlem receiving a significant gift from Vancouver real estate magnate Bob Rennie. The article also covers gallery representation changes, awards, and the passing of sculptor Joel Shapiro and businessman/art patron Leonard Lauder.

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The Art Newspaper is promoting its digital newsletter, which offers a daily digest of essential news, views, and analysis from the international art world, delivered directly to subscribers' inboxes. The article serves as a call to action for readers to subscribe to stay informed about the latest developments in the art sector.

Met Museum to Acquire Rediscovered Renaissance Painting Admired by Vasari

The Metropolitan Museum of Art has acquired a recently rediscovered Renaissance painting, 'Madonna and Child with Saint John the Evangelist,' by Rosso Fiorentino. The work, believed lost for centuries, was identified after conservation removed layers of overpaint, revealing the figure of Saint John. The Met has already placed the painting on view in its European painting galleries.

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Museum acquisitions round-up: a rediscovered work by Rosso Fiorentino, a circular painting by Salman Toor and 16th-century gold goblet

The Art Newspaper reports on three notable museum acquisitions: a rediscovered Renaissance painting by Rosso Fiorentino acquired by the Metropolitan Museum of Art, a 16th-century silver gilt goblet by Hans Rappolt I acquired by the Siegerland Museum, and a circular painting by Salman Toor donated to the National Gallery of Art. The Rosso Fiorentino work, 'Madonna and Child with Saint John the Evangelist' (1512/13), was thought lost for centuries and was identified after cleaning revealed a hidden figure. The goblet, made around 1581, is a rare example of Nuremberg goldsmithing and was supported by a €75,000 donation from the German Federal Cultural Foundation. The Toor painting, 'Wandering Beggars' (2022), is the first by the artist to enter the NGA's collection, donated by the Bronzini-Vender family.

scott kelly photographer astronaut

Astronaut Scott Kelly is utilizing his record-breaking year-long mission aboard the International Space Station to capture high-altitude photography of Earth's surface. Dubbing his work #EarthArt, Kelly shares abstract, vividly colorful images of terrestrial landscapes—ranging from the Australian outback to the Himalayas—with his massive social media following. His approach favors formal abstraction over traditional documentation, highlighting the planet's diverse topography through a lens that blurs the line between science and fine art.