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.

Who Went to Venice Last Week? Jenny Saville, Glenn Lowry, Jewel, and Many Other Power Players

Artnet News reporter Katya Kazakina recounts her experience at the opening week of the 61st Venice Biennale, describing a whirlwind of art, parties, and chance encounters. Notable figures spotted include former MoMA director Glenn Lowry, singer-songwriter Jewel (who debuted her visual art show "Matriclysm: An Archaeology of Connections Lost"), and Japanese Nintendo heir and collector Banjo Yamauchi. High-profile events included Thaddaeus Ropac gallery's reception for Georg Baselitz's final paintings (priced up to $1.5 million) and François Pinault's annual party at Fondazione Giorgio Cini, attended by Selma Hayek, Lorna Simpson, and JR. The article also highlights the social dynamics of the biennale, where dealers, curators, and collectors network across historic palazzos and hotels.

The Artists Who Ruled the Biennial Circuit Over the Last Four Years

Artnet News critic Ben Davis analyzed 130 recurring global art events—including biennials and triennials—that opened between the 2022 and 2026 Venice Biennales, tallying over 15,000 participating artists. He identified the most frequently featured artists, with Nolan Oswald Dennis topping the list at 14 biennial appearances. Dennis, a South Africa-based artist born in Lusaka, is known for works like "Black Liberation Zodiac" (2017-ongoing) and was included in the 2026 Venice Biennale curated by the late Koyo Kouoh.

Venice Biennale 2026: How Do You Critique a Posthumous Exhibition?

The article, published by ArtReview, examines the upcoming 61st Venice Biennale (2026), titled *In Minor Keys*, which was conceived by artistic director Koyo Kouoh before her death from cancer in May 2025 at age 57. The exhibition, based on Kouoh's drafted concept and completed by a curatorial team including Rory Tsapayi, Siddhartha Mitter, Marie Hélène Pereira, Gabe Beckhurst Feijoo, and Rasha Salti, adopts a musical metaphor of "minor-ness" and aims to avoid the pitfalls of previous Biennales by focusing on soul frequencies and dissonant harmony rather than direct commentary on world crises. The author, Martin Herbert, questions how critics will respond to a posthumous exhibition of this unprecedented scale, noting that previous artistic directors like Robert Storr, Cecilia Alemani, Christine Macel, and Adriano Pedrosa have faced varied critical receptions.

Weekly News Roundup: May 5, 2026

The article reports three major developments in the global art world. Saudi Arabia's Diriyah Company has awarded a $490 million contract for a new flagship space of the Saudi Arabia Museum of Contemporary Art (SAMoCA) in Diriyah, designed by Godwin Austen Johnson. The Sharjah Art Foundation has announced details for Sharjah Biennial 17 (SB17), titled "What remains, sits restive," curated by Angela Harutyunyan and Paula Nascimento, featuring 109 artists and set to open in 2027. Additionally, DATALAND, a new AI art museum founded by Refik Anadol and Efsun Erkılıç, will open on June 20 in Los Angeles, showcasing digital and immersive artworks.

‘She had a fresh, informed eye’: mural depicting late Venice Biennale curator Koyo Kouoh displayed in lagoon city

A mural honoring Koyo Kouoh, the late curator of the 2025 Venice Biennale, has been unveiled in Venice. Created by US artist Derrick Adams, the collage titled "Heavy is the head that wears the crown" adorns the facade of the Palazzetto dello sport Giobatta Gianquinto near the Arsenale. Kouoh died on 10 May 2025 at age 57 after a cancer diagnosis. The tribute was organized by curator Francesco Bonami, who had invited Kouoh to join the jury for the 50th Venice Biennale in 2003.

What Did the Golden Lion Die Of? On Judgment and Disavowal at the Venice Biennale

The international jury of the 61st Venice Biennale announced it would exclude from prize consideration countries whose leaders are charged with crimes against humanity by the International Criminal Court, specifically targeting Russia and Israel. This prompted the Italian culture minister to send inspectors to the Biennale's offices, leading the jury to resign. The Biennale then replaced the Golden Lion with "Visitors' Lions" prizes voted by ticket-holders, immediately making Russia and Israel eligible again. The article traces this crisis to the Biennale's historical structure under Mussolini's 1930 Royal Decree, which established the national pavilion system as a diplomatic concession system designed to serve state power, and notes the recent acceptance of a €50 million donation from Qatar for a new permanent pavilion in the Giardini.

Arts Council News – Fine Art Exhibition Awards