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.

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 basel qatar wael shawky artistic director

Art Basel has appointed artist Wael Shawky as the artistic director of its upcoming fair in Doha, Qatar, scheduled to open in February. This marks a departure from the company's usual practice of selecting directors from the commercial art world. Shawky, who represented Egypt at the Venice Biennale and has had solo exhibitions at Tate Modern and MoMA PS1, will curate around 50 single-artist presentations across two venues, M7 and the Doha Design District, with equal pricing for exhibitors initially. A selection committee including dealers from international and regional galleries will assist in choosing participants.

la frieze parties barry mcgee

The Los Angeles art scene faced a moment of introspection during Frieze Week as logistical hurdles and rumors of New York gallery departures sparked debates about the city's long-term viability. Despite whispers of downsizing from major transplants and the 'quiet quitting' of spaces like Tanya Bonakdar and Sean Kelly, the week was defined by high-energy alternative events. Highlights included a massive group show curated by Barry McGee and Jeffrey Deitch in a defunct 99 Cent Only Store and the 'Away From Desk' micro-fair, which showcased the city's resilient underground and Chinatown-adjacent gallery circuit.

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.

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.

paint drippings art industry news jan 9

This week's art industry roundup covers a postponement, financial losses, legal disputes, and leadership changes. New Jersey's Art Fair 14C has been postponed to May 2027, with organizers citing capacity issues unrelated to market conditions. Bonhams reported a 90% pre-tax loss jump to £213 million in 2024 due to impairment charges. A rediscovered Watteau drawing will be auctioned at Christie's Paris, and personal items of Jimmy and Rosalynn Carter are featured in Christie's 'American Collector' sales. In galleries, Amy Sillman left Gladstone for David Zwirner, Trevor Paglen joined Jessica Silverman, and Maya Hewitt joined Theta. The Louvre partially closed after a staff strike demanding director Laurence des Cars' resignation and reassessment of a renovation plan. Belgium's plan to dismantle Antwerp's M HKA museum has sparked resignations and backlash. New appointments include Will Cary as COO of the Barnes Foundation and Patton Hindle as director of arts at the Knight Foundation. MATHAF museum in Doha announced a campus expansion by architect Lina Ghotmeh. Legal disputes emerged between Gian Enzo Sperone and Angela Westwater over the shuttered Sperone Westwater gallery.

8 controversies that rocked the art world in 2025

Artnet News rounds up eight major controversies that shook the art world in 2025, including a brazen theft of crown jewels from the Louvre Museum in Paris, which exposed severe security gaps and led to a staff strike. Another key scandal involves a lawsuit filed by heirs of the Stern family against the Metropolitan Museum of Art and the Basil and Elise Goulandris Foundation, alleging that a Van Gogh painting was looted by the Nazis and later concealed through a series of transactions in New York.

Two Growing London Galleries Launch Second Spaces—and More Art Industry News

The art world is seeing a wave of institutional shifts and physical expansions, headlined by the appointment of Melissa Chiu as the new director of the Guggenheim Museum in New York. In London, galleries Edel Assanti and Emalin are both expanding their footprints with new locations, while the National Gallery has selected Kengo Kuma for a massive £350 million extension project. Meanwhile, the European Commission has threatened to pull €2 million in funding from the Venice Biennale unless it reverses its stance on Russian participation.

Middle East, Ultra-Contemporary Old Masters, and the Meloni Fresco

middle east ultra contemporary old masters fresco

The art world is navigating a significant shift in regional power and aesthetic trends, highlighted by the inaugural Art Basel Qatar. This expansion into the Middle East signals a potential recalibration of global cultural influence, while simultaneously, the 'Ultra-Contemporary' market is pivoting toward 'Old Master' aesthetics and historical estates as a response to mounting economic pressures.

centre pompidou close renovation

The Centre Pompidou in Paris will close on September 22 for five years of renovation work, leaving the Paris art scene without one of its major institutions. Before closing, visitors have three more days to see the photography exhibition “Wolfgang Tillmans: Nothing could have prepared us – Everything could have prepared us,” which occupies 65,580 square feet in the Bibliothèque Publique d’Information. During the closure, the Pompidou will continue its “Constellation” program, dispersing collection holdings to partner institutions including Centre Pompidou-Metz, West Bund Museum in Shanghai, H’ART Museum in Amsterdam, the Grand Palais, and the future Centre Pompidou Francilien.

here are the winners of the first art basel awards

Art Basel has announced the winners of its first-ever Art Basel Awards, a new global honors program recognizing excellence across the contemporary art world. The 36 medalists include artists such as David Hammons, Lubaina Himid, Joan Jonas, and Adrian Piper, as well as patrons, curators, museums, and other art-world figures. The awards were unveiled at a press event in New York, with CEO Noah Horowitz and director Vincenzo de Bellis outlining the structure: medalists will later select 12 gold medalists, with up to six artists receiving $50,000 each and a commission for the 2026 Art Basel fair. The jury includes prominent museum directors and curators from around the world.

new whitney ready to take on moma

The Whitney Museum of American Art is preparing to move into a new Renzo Piano-designed building in New York's Meatpacking District, set to open to the public about a year from now. The new downtown location is vastly larger than its current Marcel Breuer building on Madison Avenue, with 50,000 square feet of indoor exhibition space—a 33 percent increase—and a total of 220,000 square feet, nearly triple the size of the old space. The museum's best attendance year was 372,000 visitors in 2009-10, far below MoMA's 3.22 million that same year, but the new building's proximity to the High Line and tourist-heavy neighborhood is expected to dramatically boost visitor numbers.

have new york museums hit their peak

New York's major art museums, including MoMA, the Guggenheim, the Metropolitan Museum of Art, and the Whitney, are experiencing attendance figures that have not surpassed their peaks from several years ago. MoMA projects reaching 3.24 million visitors for the 2012–13 fiscal year, just shy of its 2009–10 record of 3.22 million, driven by blockbuster exhibitions like "Magritte: The Mystery of the Ordinary" and a Sigmar Polke retrospective. Meanwhile, the Guggenheim's attendance peaked in 2009, the Met saw its busiest season in 2011–12 with 6.28 million visitors and is now on track for a second consecutive decline, and the Whitney's high was 372,000 in 2009–10. Factors cited include a harsh winter, ongoing construction at the Met, and a shift toward more scholarly exhibitions, though tourism growth in New York continues, especially among international visitors.

Stealing the show: Mona Lisa heist inspires Andrew Lloyd Webber musical

Renowned composer Andrew Lloyd Webber has announced he is developing a new musical based on the 1911 theft of Leonardo da Vinci’s Mona Lisa. The production will dramatize the true story of Vincenzo Peruggia, a Louvre employee who stole the masterpiece and kept it hidden for over two years before attempting to sell it to an antiques dealer in Florence. Lloyd Webber, the creative force behind global hits like Cats and Phantom of the Opera, is currently in the writing phase of the project.

Tokyo Architect Kengo Kuma Beats Out Renzo Piano and Selldorf to Design National Gallery’s £350 M. New Wing

The National Gallery in London has appointed Tokyo-based architect Kengo Kuma to design a new £350 million wing as part of its ambitious £750 million "Project Domani" expansion. Kuma, known for the V&A Dundee, beat out high-profile Pritzker Prize winners Renzo Piano and Norman Foster for the commission. The project involves the demolition of St. Vincent House to create 15,000 square feet of new exhibition space dedicated to 20th and 21st-century art, along with new pedestrian zones and a roof garden.

National Gallery picks Tokyo Olympic stadium architect to design new wing

The National Gallery in London has selected Japanese architect Kengo Kuma to design a major new wing as part of its ambitious £750m "Project Domani." Kuma, known for the Tokyo Olympic stadium and V&A Dundee, beat out high-profile competitors including Norman Foster and Renzo Piano. The expansion will occupy a site near Trafalgar Square currently housing a hotel and office complex, and is supported by record-breaking £150m donations from both the Julia Rausing Trust and the Crankstart foundation.

Bernini's 17th Century Elephant Statue Damaged in Rome Again

berninis 17th century elephant statue damaged in rome again

A marble fragment from the tusk of Gian Lorenzo Bernini’s 17th-century 'Elephant and Obelisk' monument was found broken off in Rome’s Piazza della Minerva. Local authorities and the Capitoline Superintendency recovered the four-inch piece, which is believed to be part of a 1977 restoration rather than the original 1667 marble. Police are currently reviewing security footage to determine if the damage resulted from intentional vandalism or natural structural wear.

water leaks from louvres roof and misses prized cimabue painting

A powerful hailstorm caused water to leak through the Louvre's roof into the Salle Rosa room, where the exhibition "A New Look at Cimabue: At the Origins of Italian Painting" is on view. The water narrowly missed Giovanni Cimabue's unprotected "Maestà" panel painting (circa 1280), but drips hit the base of Nicola Pisano's "Three Acolytes" (1264-67) on loan from Florence's Museo Nazionale del Bargello. Another near miss occurred near Duccio di Buoninsegna's "Madonna of the Franciscans" (1285-88), which was protected by glass. The museum closed the exhibition early for firefighter inspection, identified a damaged glass seal as the cause, and reopened the next morning after repairs.

sperone westwater legal dispute closure

Sperone Westwater, a 50-year-old New York gallery, closed at the end of 2025 amid a legal dispute between its two co-principals, Gian Enzo Sperone and Angela Westwater. Newly filed court documents reveal governance failures, financial disputes, and allegations of unpaid artists. The petition, filed in New York Supreme Court, seeks judicial dissolution of the corporation and appointment of a receiver, citing irreconcilable divisions and a breakdown in communication between the partners. Financial records show gallery revenue fell from $20 million in 2021 to $3.6 million in 2025, with losses in five of the past seven years.

LACMA spent nearly $724 million on the David Geffen Galleries — here's how it was all used

The Los Angeles County Museum of Art (LACMA) has finalized the construction of the David Geffen Galleries, a $723.8-million project designed by Swiss architect Peter Zumthor. As the museum prepares for its April 16 gala, officials have released a detailed breakdown of the spending, which supported over 8,600 jobs and generated an estimated $1.2 billion in regional economic activity. Despite the massive investment, the project remains a lightning rod for controversy due to its unconventional modernist design and the fact that it offers less gallery space than the four buildings it replaced.

Los Angeles museums on the cusp of new golden age

Los Angeles is entering a transformative period of cultural expansion, marked by nearly $3 billion in new museum construction and institutional growth. Key projects include the imminent opening of Peter Zumthor’s $835 million expansion of the Los Angeles County Museum of Art (LACMA), the debut of Refik Anadol’s AI-focused Dataland, and the long-awaited opening of George Lucas’s $1 billion Lucas Museum of Narrative Art. These developments, alongside expansions at The Broad and The Huntington, are timed to solidify the city's infrastructure ahead of the 2028 Summer Olympics.

New York Galleries: Openings and Closings of the Week (11/11—11/16)

parties young artist prize 2025 mz wallace

CULTURED magazine and fashion brand MZ Wallace celebrated the 10-year anniversary of their Young Artists List with an event at (SUB)MERCER in SoHo, where they announced Iraqi-born, Los Angeles-based artist Ali Eyal as the winner of the 2025 Young Artist Prize. Eyal received an unrestricted $30,000 grant, selected by a jury of curators from the Met, the Hammer, and MoMA, for his multidisciplinary practice reflecting on violence endured during his upbringing in Baghdad.

Major News from International Museums: London's National Gallery Expands and Pompidou Opens in Seoul

Le grandi novità dei musei internazionali: cresce la National Gallery di Londra e il Pompidou apre a Seoul

The National Gallery in London has selected a design team led by Kengo Kuma and Associates, alongside BDP and MICA, to lead its massive £750 million expansion project titled 'Project Domani.' Chosen from 65 international entries, the winning proposal will transform the St Vincent House site into a new museum wing featuring a stepped Portland stone facade, public roof gardens, and light-filled galleries. The project coincides with the institution's bicentenary and has already secured half of its required funding through private and anonymous donations.

Venice Biennale Jury Resigns in the Wake of Controversial Prize Ban

The jury for the 2026 Venice Biennale has resigned just days before the public opening on May 9, after announcing on April 22 that it would not consider artists from countries accused of crimes against humanity for the Golden and Silver Lion prizes. The jury, consisting of Solange Oliveira Farks (president), Zoe Butt, Elvira Dyangani Ose, Marta Kuzma, and Giovanna Zapperi, cited its earlier statement of intention in its resignation, which directly impacted the participation of Russia and Israel—both subject to International Criminal Court warrants. In response, the Biennale postponed the awards ceremony from May 9 to November 22 and replaced the traditional jury with a public vote for best participant and best national participation, framing the move as upholding openness and rejecting censorship.

The Newest Docent at This Historic Italian Palace Is a Robot

Palazzo Madama in Turin, Italy, has introduced a four-foot-tall robot named R1 as a docent for its Baroque collection. The robot, developed by the Italian Institute of Technology (IIT) under Project Convince with €4 million in EU funding, guides visitors through the former royal apartments, narrating the history of the House of Savoy and detailing paintings, tapestries, and furniture. R1 can interact with visitors via LED eyes, answer questions, and autonomously navigate the museum's first floor, though it cannot climb stairs. It has been learning on the job since 2025, completing 30 tours in December 2025, and uses corrective software to relocalize itself if lost.

vatican orders removal meloni fresco

The Vatican ordered the removal of an angel's face resembling Italian Prime Minister Giorgia Meloni from a fresco at the Basilica of San Lorenzo in Lucina in Rome. The fresco, painted by artist Bruno Valentinetti in 2000 and restored in 2023, features two angels praying over Italy's last king, Umberto II. After Italian media noted the likeness, Valentinetti initially denied it but later admitted the angel bore Meloni's features. On Tuesday, he painted over the face, citing Vatican orders. The Diocese of Rome confirmed the original face will be restored, and an investigation has been launched.

Venice Bound? Here’s All the News You Need to Know About This Year’s Biennale

The 61st Venice Biennale is embroiled in geopolitical controversy over Russia's return to the event in 2026, which has sparked widespread backlash. Nearly 10,000 artists and cultural leaders signed an open letter opposing Russia's participation, and the European Union withdrew €2 million in funding for the 2028 edition. Leaked emails reveal Biennale officials worked with Russian pavilion commissioner Anastasia Karneeva to circumvent EU sanctions, while Italy's culture minister Alessandro Giuli plans to boycott the opening week. Meanwhile, activists continue to push for Israel's removal from the Biennale, though Israel will be accommodated in the Arsenale this year.

Venice Biennale’s Prize Ban on Israel and Russia Falls Short for Critics

The jury of the 2026 Venice Biennale has ruled that Israel and Russia will be ineligible for the Golden and Silver Lion prizes, citing International Criminal Court charges of crimes against humanity against their leaders. The decision follows years of activism and political pressure, with the European Union withdrawing €2 million in funding from the event in protest of Russia's participation. While groups like Art Not Genocide Alliance praised the move as an unprecedented step, critics argue it falls short of a full ban on participation. Israel's artist representative, Belu-Simion Fainaru, condemned the policy as discriminatory, and an open letter signed by 70 artists and curators called for excluding all regimes committing war crimes, including the United States.