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.

Maurizio Cattelan Opens Up About Sin, Silence, and Stealing: ‘I’m Guilty Too’

Italian artist Maurizio Cattelan directed the Renaissance Society’s annual benefit gala, titled "The Silent Party!", held at the Chicago Athletic Club during the week of Expo Chicago. The event subverted traditional gala expectations by requiring guests to remain silent for two hours, communicating only via handwritten notes while navigating a labyrinth of performances. The evening featured contributions from artists including Jacob Ryan Renolds, Davide Balula, and Isabelle Frances McGuire, culminating in a dinner that raised approximately $600,000 for the non-profit institution.

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 jan 26

This week's art industry roundup covers major developments across auctions, galleries, and institutions. Christie's will auction René Magritte's 'Les grâces naturelles' (ca. 1961) as the star lot of its Art of the Surreal evening sale in London on March 5, with an estimate of £6.5–9.5 million. Zona Maco in Mexico City has announced 241 exhibitors for its 22nd edition, including a new section called Forma. The London Art Fair reported strong sales for British women abstract painters, while Vienna's Spark Art fair canceled its 2025 edition for a strategic pause until 2027. In gallery news, Amy Sherald signed with Creative Artists Agency, and several other artist-gallery representation changes were announced. The U.K. government pledged £1.5 billion to support cultural organizations from 2025 to 2030, and Tarek Atoui was named the next Turbine Hall commission artist at Tate Modern.

5 rising artists defined 2025

Artnet News published a roundup of five rising artist profiles that defined 2025, highlighting interviews with Alexandra Metcalf and Chase Hall. Metcalf, a British-American artist, blends 1960s psychedelia, 2000s pop music, and Victorian literature in her multimedia works, and debuted at Art Basel with London's Ginny on Frederick. Chase Hall, a painter who uses hot coffee on cotton, explores race and fatherhood, with a solo exhibition "Momma's Baby, Daddy's Maybe" at Galerie Eva Presenhuber in Vienna.

art worlds lifestyle competition art detective

The article examines the seductive and often corrupting influence of extreme wealth in the art world, detailing how high-end dealers, advisors, and collectors indulge in lavish lifestyles involving private jets, couture, and exclusive parties. It highlights recent scandals, including the imprisonment of art dealer Inigo Philbrick and advisor Lisa Schiff for defrauding clients, and a new legal battle between prominent art advisors Barbara Guggenheim and Abigail Asher, who accuse each other of misappropriating millions to fund luxury expenses.

sam gilliam foundation sued over disputed drape painting and more art industry news

The Sam Gilliam Foundation has been sued over a disputed Drape painting, while the Art Dealers Association of America announced it will not hold its annual New York fair, The Art Show, in 2025, citing a strategic pause. Christie's reported $2.1 billion in auction sales for the first half of 2025, matching last year's figure but down 22% from 2023, and a juvenile Ceratosaurus fossil sold for $30.5 million at Sotheby's. Galleries are seeing movement: Nicole Wittenberg joins Acquavella Galleries, Harper Levine plans a Bangkok space, and Felix Rödder will open Rodder on Manhattan's Upper East Side. Yale University Art Gallery withdrew federal grant applications over anti-DEI language, and the Smithsonian American Art Museum named Mary Savig curator-in-charge of the Renwick Gallery.

art industry news october 9 2019

Sotheby’s Hong Kong concluded its fall auction series with a robust $426 million total, headlined by a record-breaking $25 million sale for Yoshitomo Nara. Amidst this market momentum, Nara’s upcoming LACMA retrospective was announced to travel to Shanghai’s Yuz Museum. Meanwhile, the New York art scene is bracing for major institutional milestones, including the Metropolitan Museum of Art’s 150th-anniversary plans and the imminent public opening of MoMA’s $450 million expansion.

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.

The story behind Iran’s only Van Gogh: ‘At Eternity’s Gate'

A rare, inscribed lithograph by Vincent van Gogh, 'At Eternity's Gate,' resides in the collection of the Tehran Museum of Contemporary Art. The work, one of only seven surviving examples, was acquired in 1975 by Farah Pahlavi, the wife of the Shah of Iran, for the museum. It passed through notable hands, including those of US Vice President Nelson Rockefeller, before arriving in Tehran just before the 1979 Iranian Revolution.

art industry news january 23 2020

A high-profile fundraising campaign led by the Art Fund is underway to save Prospect Cottage, the former home of artist and filmmaker Derek Jarman. Supported by figures like Tilda Swinton and Jeremy Deller, the initiative seeks to raise £3.5 million to preserve the site and its archive for public tours and artist residencies. Meanwhile, the Philadelphia Museum of Art's CEO, Timothy Rub, has issued an apology regarding the institution's handling of sexual harassment allegations against former manager Joshua Helmer.

Paint Drippings: Art Industry News February 23

paint drippings art industry news feb 23

This week’s art industry roundup highlights major shifts across the global market, including Art Basel’s announcement of 290 galleries for its flagship Swiss fair and Sotheby’s adjustment of its buyer’s premium rates. Significant personnel moves include Devyani Saltzman’s abrupt departure from the Barbican, which sparked an open letter from over 170 cultural figures, and Anne-Claire Legendre becoming the first woman to lead Paris’s Arab World Institute.

bonhams new hq opens lubaina himi wins pamm prize

Auction house Bonhams has opened a new 42,000-square-foot flagship headquarters in New York's Steinway Hall, launching a month of exhibitions and sales. The Philadelphia Museum of Art appointed Katherine Anne Paul as its new curator of Indian and Himalayan Art, while the Pérez Art Museum Miami (PAMM) awarded its Fund for Black Art Acquisition Prize to Turner Prize-winning artist Lubaina Himid, acquiring her painting "Horn Seller." Several galleries announced new artist representations, including Bortolami with Nathlie Provosty and Deborah Schamoni with Mariann Metsis, and auction house Freeman's appointed two senior executives.

artnotnet facebook marketplace art la scene

Artnet News is searching for a permanent writer for its Wet Paint gossip column, with guest writers like Janelle Zara filling in temporarily. The column focuses on speculating about the identity of the anonymous Instagram account @artnotnet, which posts humorous, all-caps commentary on art world headlines, and notes the rise of art sales on platforms like Facebook Marketplace.

art sg jd museum sothebys singapore

The Asia-Pacific art scene saw significant activity across multiple sectors. Art SG reported increased attendance and sales, while the SAM Art SG Fund acquired works for the Singapore Art Museum. JD.com announced plans for a major new museum in Shenzhen, and several appointments and award winners were named across the region. Auction houses Bonhams Hong Kong and Sotheby's Singapore posted strong sales results, with the latter setting new artist records.

paint drippings art industry news jan 19

This week's art industry roundup covers a flurry of developments across art fairs, auction houses, galleries, and museums. A new boutique fair called Enzo will launch alongside Frieze Los Angeles in an Echo Park warehouse with 10 New York galleries, while Felix Los Angeles returns to the Hollywood Roosevelt Hotel with 50 exhibitors. Art Cologne's revived Palma Mallorca fair announces 88 exhibitors for its April debut. At auction, Christie's London will offer the Vanthournout collection of modernist and Surrealist works, including a Magritte painting estimated at $4.7 million, while Bonhams sells rare Oscar Wilde materials and three Bob Ross paintings. In gallery news, Roland Augustine steps down at Luhring Augustine, Lehmann Maupin opens a London space, and several galleries announce new artist representations. Museums see leadership changes at the Park Avenue Armory and Wrightwood 659, and the Rijksmuseum plans a new sculpture garden.

artists homes los angeles fires

On January 7, 2025, the Palisades and Eaton Fires erupted in Los Angeles, fueled by drought and Santa Ana winds exceeding 90 mph, destroying over 12,000 structures. The fires devastated Pacific Palisades and Altadena, including the homes and studios of numerous artists, collectors, and art professionals. The Getty Center and Getty Villa were under evacuation but remained safe. Artist Paul McCarthy lost three family homes and his son's editing studio, while many others like Christina Quarles, Analia Saban, and Ruby Neri also suffered losses.

paint drippings art industry news nov 14

This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.

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.

museum artist ranking june 2025

Artnet News published its quarterly museum artist ranking for June 2025, analyzing temporary exhibitions at over 250 U.S. museums to identify which living artists received the most institutional attention. The list includes over 4,500 names, with Indigenous contemporary artists dominating the top ranks: Cara Romero and Sky Hopinka remain highly visible, joined by Jeffrey Gibson and Andrea Carlson. Cindy Sherman appears in at least 10 group shows nationwide, while Alex Katz continues as a rare painter favored by museums at age 97. The ranking prioritizes career retrospectives, dedicated exhibitions, and special commissions over group show appearances.

hauser and wirth new york museum mega gallery shows

This spring in New York, major museum surveys at MoMA, the Whitney, the Guggenheim, and the Metropolitan Museum of Art feature artists all represented by the mega-gallery Hauser & Wirth: Jack Whitten, Amy Sherald, Rashid Johnson, and Lorna Simpson. The article notes that this concentration has been dubbed "Hauser spring" by some observers, and questions the increasingly blurred line between commercial galleries and museums, especially as Hauser & Wirth has provided financial support for at least three of the four shows.

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.

The art of technology jostles for position in venues both new and historic

Canyon, a new 40,000-square-foot institution dedicated to moving image, sound, and performance art, is set to open this autumn on Manhattan’s Lower East Side. Founded by entrepreneur Robert Rosenkranz and led by former Mass MoCA director Joe Thompson, the space aims to bypass the slow curatorial cycles of traditional museums by hosting international media-rich exhibitions with a faster 18-to-24-month turnaround. Unlike traditional collecting institutions, Canyon will focus on public accessibility and domestic-style hospitality rather than building its own permanent archive.

Art Basel’s Parent Company Plans New ‘Ideas Festival’—and More Art Industry News

MCH Group, the parent company of Art Basel, is launching a new global ideas festival called the Futurific Institute in Basel in 2028, backed by billionaires James and Kathryn Murdoch. Art Dubai has postponed its 20th edition due to regional conflict, while several galleries are opening, closing, or changing locations, including Brooke Benington in London and Timothy Taylor in New York. Additionally, Mexico is demanding eBay remove listings for pre-Columbian artifacts, and institutions like the Royal Academy of Arts and MCA Chicago are announcing key leadership changes.

Art Oscar Picks, Whitney Biennial Star Pat Oleszko, Wet Paint

art oscar picks whitney biennial star pat oleszko wet paint

This installment of the Wet Paint gossip column reports on several high-profile developments within the New York and Los Angeles art scenes. Key highlights include internal museum deliberations at the Whitney Museum regarding Precious Okoyomon’s provocative installation for the upcoming Biennial, which features dolls hanging from nooses, and sightings of former Artforum editor David Velasco meeting with Whitney director Scott Rothkopf. Additionally, the column tracks celebrity sightings at Frieze Los Angeles and confirms Lotus L. Kang as the artist for Bvlgari’s pavilion at the Venice Biennale.

1969 gallery space zero one wet paint

The New York art scene is witnessing a shift in the Tribeca gallery landscape as 1969 Gallery, a fixture known for championing emerging painters, has shuttered its physical space at 39 White Street. Founder Quang Bao confirmed the closure following the building owner's decision to sell the property, noting that he is currently operating from Barcelona with plans to pivot toward collaborations and residencies rather than the traditional gallery model. Meanwhile, the itinerant Ward Gallery continues to gain traction by hosting pop-up symposia at institutions like the International Center for Photography, signaling a broader trend toward real-estate-free dealership.

philip tinari ucca tai kwun asian art industry news

This edition of State of Play, part of Artnet Pro's The Asia Pivot newsletter, reports on multiple developments across Asia's art scene. Highlights include the launch of Art Fairs Pavilion Taipei, a new alternative art fair co-founded by Hong Kong dealers Willem Molesworth and Ysabelle Cheung, with 13 galleries for its inaugural edition. Galleries Antenna Space and Kwai Fung Hin Art Gallery are expanding into Hong Kong and Singapore respectively, while veteran Beijing gallery Long March Space has closed its physical venue. The Taipei Fine Arts Museum announced Taiwan's collateral exhibition at the Venice Biennale, and the Hong Kong Museum of Art named artists for its collateral show. The Asia Society Museum in New York will open a 70th-anniversary exhibition, and the H+ Museum in Suzhou, designed by Tadao Ando, officially opened with two inaugural shows.

gordon parks foundation 20th anniversary

The Gordon Parks Foundation is celebrating its 20th anniversary in 2026, marking two decades since the founding of the organization dedicated to preserving the legacy of photographer and artist Gordon Parks. Executive Director Peter W. Kunhardt, Jr. reflects on the foundation's growth, including exhibitions, museum partnerships, publications, and fellowships that support emerging artists. The foundation was co-founded by Parks and Kunhardt's grandfather, Phil Kunhardt, in 2006. As part of the anniversary, the foundation is publishing a new edition of "Gordon Parks: Diary of a Harlem Family, 1967/1968" and will realize three gallery exhibitions, starting with "We Shall Not Be Moved" at Alison Jacques Gallery in London, curated by Bryan Stevenson.

venezuela cultural scene mauduro ouster

The United States invaded Venezuela in a military operation that seized President Nicolás Maduro and his wife Cilia Flores, who will face federal charges in New York. The Trump administration has stated it will run the country until a favored government is installed, while Vice President Delcy Rodriguez has been sworn in as interim president. The operation has sparked global protests and mixed reactions among Venezuelans, with some celebrating Maduro's ouster and others condemning the violation of international law.

alma allen american pavilion 2026 venice biennale

Alma Allen, a Utah-born, Mexico-based sculptor, has been selected to represent the United States at the 2026 Venice Biennale, according to ARTnews sources. The pavilion's commissioning curator is Jeffrey Uslip, who previously curated the Malta Pavilion in 2022. The official announcement is pending the end of the government shutdown. Allen, known for large-scale stone, wood, and bronze sculptures, is in talks with Perrotin gallery for representation after his previous gallery, Kasmin, closed and rebranded as Olney Gleason.