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.

Art Movements: Larry Gagosian Heads to the Big Screen

This week's Art Movements roundup covers several major art world developments. Larry Gagosian is the subject of a new unauthorized documentary by Canadian director Barry Avrich, completing his trilogy on the art industry. Pace Gallery has taken on representation of the Constantin Brancusi Estate. The Maxwell/Hanrahan Foundation announced five winners of its 2026 Awards in Craft, each receiving $100,000. Selldorf Architects and Studios Architecture Paris have been selected to lead a $1 billion renovation of the Louvre Museum, including a new room for the Mona Lisa. Other news includes the Sharpe-Walentas Studio Program's 2026–2027 cohort, A Blade of Grass's 2026 In Fellowship cohort, and several appointments.

Shared Crafting, Touching, and Lying Down

"Gemeinsames Basteln, Anfassen und Hinlegen"

Christie's in New York achieved record auction results, with Jackson Pollock's "Number 7A, 1948" selling for $181.2 million and Constantin Brâncuși's bronze sculpture "Danaïde" reaching $107.6 million, both from the S. I. Newhouse collection. Meanwhile, critic Gesine Borcherdt published a scathing review of the Marina Abramović exhibition "Balkan Erotic Epic" at Gropius Bau Berlin, arguing that museums increasingly demand audience participation—crafting, touching, lying down—under the guise of democracy, which she likens to group therapy and warns carries authoritarian tendencies. In London, makeup artist and designer Isamaya Ffrench opened a hybrid gallery and concept store called Studio Iron, featuring works by Abramović, Paul McCarthy, Kelly Wearstler, and Anne Imhof, aiming to blur boundaries between art, design, and function.

Thousands Decry Right-Wing “Smear Campaign” Against Misan Harriman

Over 97,000 people have filed complaints with the UK's Independent Press Standards Organisation against right-wing news outlets, including the Telegraph, for articles characterizing Misan Harriman's social media posts as antisemitic. Harriman, a photographer, human rights activist, and chair of London's Southbank Centre, has rejected the accusations, stating he has long championed marginalized communities and that the backlash stems from his criticism of Israel's actions in Gaza. An open letter supporting Harriman has been signed by 245 figures, including Tracey Emin, Greta Thunberg, and Mark Ruffalo, while the Telegraph published two articles scrutinizing his Instagram activity, prompting calls from Labour MP David Taylor for his removal from the board.

A New Residency Aims to Give Indigenous Artists the Tools to Make Art in Neon

The Walker Youngbird Foundation, a Native-led nonprofit, has launched a new residency program in collaboration with Lite Brite Neon Studio in Kingston, New York, aimed at giving Indigenous artists the opportunity to create work in neon for the first time. The inaugural resident is Sarah Rowe (Ponca Tribe of Nebraska), a painter and installation artist selected from over 100 applicants. The residency is valued at around $50,000 per cycle, covering fabrication, travel, lodging, a $10,000 stipend, and full ownership of the artwork and intellectual property. The program was inspired by foundation founder Reid Walker's acquisition of neon works by artists such as Watt and Jeffrey Gibson.

New residency in upstate New York will give Indigenous artists access to neon fabrication studio

Lite Brite Neon Studio in Kingston, New York, has partnered with the Walker Youngbird Foundation to launch Native Neon, a residency program providing Indigenous artists with access to neon fabrication. The inaugural recipient is Sarah Rowe, an enrolled member of the Ponca Tribe of Nebraska and of Lakota descent, who receives $50,000, a $10,000 stipend, and a week-long residency to create an immersive neon environment. The studio, known for collaborations with artists like Glenn Ligon and Jeffrey Gibson, aims to lower the technical and financial barriers to working with neon.

Six Artists Vie to Design Billie Holiday Monument in New York

Six artists have been selected as finalists to design a public monument honoring jazz singer Billie Holiday in Queens, New York, outside the Jamaica Performing Arts Center. The finalists—La Vaughn Belle, Nikesha Breeze, Nekisha Durrett, Tanda Francis, Thomas J. Price, and Tavares Strachan—submitted proposals after an open call in late 2025, site visits, and discussions with Holiday scholars and family. The New York City Department of Cultural Affairs released the designs on May 19 for public feedback through the end of May, with a final selection expected later this year. Proposals range from abstract silhouettes and bronze beans to more representational figures, reflecting Holiday's legacy and her connection to Queens.

Chanel Expands Support for Centre Pompidou Amid $535 Million Renovation

Chanel has announced a new five-year partnership with the Centre Pompidou in Paris, expanding its support for the museum during its landmark €460 million ($535 million) renovation. The fashion house, which has backed the Pompidou since 2019, will help preserve access to modern and contemporary art while the museum is closed to the public until its scheduled reopening in 2030. This follows a separate three-year deal in 2025 to grow the museum's collection of contemporary Chinese art by 30 percent, with a focus on women artists, and a 2024 acquisition of 21 works by 15 Chinese artists tied to an exhibition co-organized with Shanghai's West Bund Museum.

After Whistleblower Complaint, Palm Springs Art Museum Declines to Release Report on Allegations of Fraud and Theft, Claims They Are ‘Not Substantiated’

The Palm Springs Art Museum in California has released a three-page statement claiming that an investigation into a whistleblower complaint alleging mismanagement, fraud, and theft found no wrongdoing. The complaint included allegations of improper reclassification of endowment funds, a $3 million discrepancy in investment accounts, and the forced departure of a former director. The museum hired law firm Barnes & Thornburg and forensic accounting firm RSM US to conduct a six-month review, but declined to release the resulting report to ARTnews or the public. The museum acknowledged that proceeds from deaccessioned artworks were used for operating expenses, calling it a long-standing board-approved practice with an internal loan being repaid by 2030.

Krakow’s MOCAK Sacks Director Adam Budak, Angering Artists

The City of Krakow dismissed Adam Budak as director of the Museum of Contemporary Art in Krakow (MOCAK) on May 16, citing improper performance of duties related to work organization and team management. Budak, who took the helm last summer, was replaced by acting director Grzegorz Kuźma, formerly the museum's deputy director, and will be officially terminated when his contract ends June 30. The dismissal followed an internal investigation spurred by a complaint signed by thirty-seven MOCAK staffers. In response, artists and curators including Paulina Olowska, Sabine Breitweiser, Alison Gingeras, and Candice Breitz signed a petition demanding Budak be heard, while several artists withdrew from MOCAK's 2026–27 programming.

Finnish museum creates a new and radical support model for artists

Finland's largest art museum, the Espoo Museum of Modern Art (Emma), has launched a radical new artist support model under director Krist Gruijthuijsen. The program commits to four artists—P. Staff, Tarik Kiswanson, Jenna Sutela, and Eglė Budvytytė—over several years, providing financial backing through acquisitions, production support, a part-time stipend, and health insurance. It will culminate in mid-career survey exhibitions in 2029 and 2030, which the museum plans to tour with partner institutions. Three of the artists are currently showing at the Venice Biennale with Emma's support.

Maine Institutions Dissect the American Semiquincentennial

Boston Art Review (BAR) has published an article examining how Maine-based cultural institutions are approaching the American Semiquincentennial, the 250th anniversary of the United States in 2026. The piece explores the programming, exhibitions, and institutional strategies being developed by museums and art centers across Maine to mark this milestone, focusing on how they interpret American history and identity through contemporary art.

Who Should Design NYC’s New Billie Holiday Monument?

The New York City Department of Cultural Affairs (DCLA) has revealed six commission proposals for a monument honoring legendary jazz vocalist Billie Holiday, to be installed outside the Jamaica Performing Arts Center in Queens through the Percent for the Art program. The artists in the running are Thomas J Price, Tanda Francis, Nekisha Durrett, La Vaughn Belle, Tavares Strachan, and Nikesha Breeze, and the public is invited to share input on the conceptual designs before the final selection. The monument emerged from the 2018 She Built NYC initiative, which aimed to address the lack of historical monuments dedicated to influential women in the city, and was revitalized in 2024 after delays caused by the COVID-19 pandemic.

A Blade of Grass Names 2026 “In Fellowship” Cohort

New York-based arts nonprofit A Blade of Grass (ABoG) has announced the three members of its 2026 In Fellowship cohort: Emily Johnson / Catalyst, The Projects/Space, and UNDOC+Collective. Each fellow receives $25,000 in support and a $25,000 honorarium for their socially engaged practices. The fellowship, established in 2025, focuses this year on gathering as a form of movement building and resource distribution.

Kazakhstan's creative industry accelerates. A new foundation supporting the art scene emerges

L’industria creativa del Kazakhstan accelera. Spunta una nuova fondazione che sostiene la scena artistica

A new private foundation called TOVA Foundation, based in Geneva, has been established to promote contemporary art from Central Asia, specifically focusing on Kazakhstan's art scene. The foundation debuted at the Venice Biennale with an exhibition titled "Trading Treasures" featuring Kazakh artists Saule Suleimenova and Sayan Baigaliyev at Casa dei Tre Oci. The initiative is backed by Togzhan Wertheimer, a Kazakh-born entrepreneur and philanthropist connected to the fashion industry through her husband David Wertheimer, and includes a board with figures like Tatiana de Pahlen and art consultant Jean-Olivier Despres. The foundation's curator is Vladislav Sludskiy, who previously worked at Ethan Cohen Gallery and co-founded the ARTBAT FEST and Eurasian Cultural Alliance.

Working in Art: Opportunities from Museo Novecento, Giudicesse 2030, Premio Combat and Fondazione Club Silencio

Lavorare nell’arte: opportunità da Museo Novecento, Giudicesse 2030, Premio Combat e Fondazione Club Silencio

This article from Artribune compiles five current job and grant opportunities in the Italian art world. It highlights a crowdfunding campaign by Museo Novecento for Agnese Galiotto's artwork "Sogni" in Empoli, an open call for the fourth edition of the Giudicesse 2030 residency for filmmakers and video artists in Sant'Antioco, a call for artists using AI from Associazione culturale 360° Creativity Events for PARMA 360 Festival, a paid internship at Blob Art ETS for Premio Combat in Livorno, and a search for a project manager by Fondazione Club Silencio ETS.

10 Open Calls To Apply for in Summer 2026: International Opportunities Shaping the Season

The article lists ten international open calls for artists and creatives to apply for in summer 2026, including residencies, grants, and exhibition opportunities. Featured programs include the Diriyah Art Futures (DAF) Emerging New Media Artists Program in Saudi Arabia, the International Digital Art Contest at the University of Mostar in Bosnia and Herzegovina, and the Collaborative Prototyping Lab at Medialab Matadero in Spain, among others. Each call provides details on deadlines, eligibility, application links, and support.

Accusé de viol, le directeur du Frac Bretagne est révoqué

The director of the Frac Bretagne (Regional Contemporary Art Fund of Brittany), Étienne Bernard, has been dismissed following an internal investigation into allegations of sexual violence. The case began in October 2025 when an anonymous testimony on the Instagram account #MeTooArtContemporain accused a former art professor of sexual assault; the post noted the accused had since become a Frac director. After graffiti appeared on the Frac Bretagne building, the institution hired the external consultancy Égaé to conduct an internal inquiry. Two reports submitted in February and April 2026 documented multiple serious allegations against Bernard, including harassment and assault. The board voted unanimously to revoke his position on May 4, 2026, and the public prosecutor's office in Rennes has opened a criminal investigation for moral harassment, sexual harassment, sexual assault, and aggravated rape. Bernard denies the allegations and has filed an appeal with the administrative court.