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.

lomex las vegas marvin a i influencer

Artnet News's Wet Paint column reports that Lomex gallery founder Alexander Shulan and art advisor Ralph DeLuca are partnering to open a new gallery, Lomex Las Vegas, in an old atomic ranch home three miles from the Strip. The space, located in a historic neighborhood where parts of Martin Scorsese's 'Casino' were filmed, will feature seasonal exhibitions, performances, and events curated by Shulan, with a new roster of artists distinct from Lomex's existing lineup. Separately, the column introduces Marvin, an AI-generated Instagram influencer who mimics a techno-optimistic art speculator and leaves ChatGPT-style comments on art world accounts.

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.

paint drippings art industry news may 12

This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

Gala Season! Shaggy and Jewel Hit the Whitney, Henry Taylor and Pharrell Toast Gordon Parks, and More Juicy Art-World Gossip

Artnet News' gossip column "Wet Paint" reports on the Whitney Museum's 2026 annual gala, a major fundraising event. The author describes the scene: donors and celebrities like Jewel, Neil Patrick Harris, and Nigel Barker mingled with artists Julie Mehretu (the honoree) and Glenn Ligon. Notably, the 56 artists in the current Whitney Biennial were not invited due to limited seating, a policy confirmed by the museum. The evening raised $6.3 million, with individual seats costing $7,500.

glenstone divorce mitch emily rales

Mitch and Emily Rales, the billionaire founders of the Glenstone Foundation and its private museum in Potomac, Maryland, are divorcing. The foundation, established in 2006, holds net assets of $4.6 billion and an endowment rivaling that of the Metropolitan Museum of Art. The article revisits longstanding criticisms of private art museums, including Glenstone, arguing they function as tax shelters, social climbing tools, and competitors to public institutions. It notes Glenstone's restrictive policies—appointment-only access, a ban on visitors under 12, and a prohibition on gum chewing—and references past unionization efforts by its workers.

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.

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.

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.

louvre heist security experts prevent art theft

On Sunday at around 9:30 a.m., robbers broke into the Louvre's Apollo Gallery using a cherry picker and an angle grinder, stealing nine pieces of jewelry worth an estimated $102 million in less than eight minutes. ARTnews consulted security experts who noted that the theft exploited systemic vulnerabilities, pointing to a pattern of recent museum heists including the Natural History Museum in Paris, the Drents Museum in the Netherlands, and the Dresden crown jewels theft in Germany. The Louvre had previously faced staff walkouts over inadequate security staffing, and director Laurence des Cars has requested a police station be installed at the museum.

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.

fiona tan rijksmuseum asian art roundup

This roundup covers multiple developments across the Asian art world. Notable events include the death of Korean artist Suki Seokyeong Kang at age 47; Robin Peckham leaving his role as co-director of Taipei Dangdai; Lucy Liu becoming a partner at Rachel Uffner Gallery, which will rebrand as Uffner and Liu; STPI Creative Workshop and Gallery presenting the first Southeast Asian solo show for Cuban artist Wifredo Lam; Art Week Tokyo returning with Adam Szymczyk curating its AWT Focus platform; Japanese painter Yu Nishimura joining David Zwirner; and the Rijksmuseum inviting Fiona Tan to curate a major exhibition. Other highlights include the 13th Seoul Mediacity Biennale, Tate Liverpool's planned 2027 reopening with a Chila Kumari Singh Burman retrospective, a Louvre-Doraemon collaboration, Boo Ji-hyun's permanent installation in Japan, Christie's Hong Kong Spring Asian Art Week sales totaling HK$567.6 million, and Sotheby's postponing a controversial Hong Kong auction of Buddhist relic-linked jewels. Hyundai Artlab named Jiaying Sim and Elvia Wilk as its 2025 Artlab Editorial Fellows.

Art Basel Curbs Pre-Fair Sales—and More Art Industry News

Art Basel has launched a "Basel Exclusive" initiative to curb pre-fair PDF sales, encouraging galleries to withhold works from previews to drive in-person discovery at its flagship Swiss event (June 16–21). Around 170 of 232 exhibitors have opted in. Meanwhile, Volta returns to Basel with a new "5,000 Edit" section for works under CHF 5,000 to attract younger collectors, and the alternative fair Esther will hold its third edition in New York during Frieze Week. In other news, Sotheby's set a U.S. record for design auctions with the Jean and Terry de Gunzburg collection totaling $96 million, and billionaire collector Mitchell P. Rales pledged $116 million to the National Gallery of Art to fund loans to smaller museums. The Smithsonian American Art Museum named Lynda Roscoe Hartigan as its new director, and Gladstone Gallery plans a new Seoul space for 2026.

Cosima von Bonin Loewe Paris

cosima von bonin loewe paris

German artist Cosima von Bonin collaborated with Loewe for its Fall/Winter 2026-2027 womenswear show at the Château de Vincennes during Paris Fashion Week. The artist’s signature plush sculptures, including oversized octopuses and bug-eyed scallops, occupied front-row seats and populated the runway set. Beyond the scenography, von Bonin’s zoomorphic motifs were integrated directly into the collection as jewelry, charms, and minaudières.

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.

Louvre Robbery: Security Overhaul and Investigation Update

louvre robbery

The Louvre Museum has announced a massive €80 million ($92 million) security overhaul following a brazen daytime heist on October 19, where thieves stole imperial jewels valued at €88 million. The investigation revealed significant institutional failures, including outdated software and weak passwords like "Louvre," allowing local thieves to enter via a movers' lift and escape on scooters in under seven minutes. While four suspects from the Paris suburbs have been charged, the majority of the stolen items remain unrecovered.

laurence des cars louvre hearing

Laurence des Cars, president of the Louvre, is under pressure to resign after a tense Senate hearing on Wednesday, October 2025, following the theft of $102 million worth of imperial jewels. Lawmakers questioned her failure to act on security warnings from audits commissioned in 2017 and 2018 by her predecessor, Jean-Luc Martinez. Des Cars claimed she was unaware of those audits until after the theft. In response, she has accelerated a $92 million security plan, including 100 additional cameras, a new security coordination hire, and a 20% budget increase for staff training. She also announced a new internal audit on information sharing within the museum's bureaucracy, which she described as disorganized.

could bangkok be the next miami

Thailand is emerging as a major contemporary art destination, with a wave of new institutions, fairs, and tax incentives drawing international attention. The government-initiated Thailand Biennale opens in Phuket, while the third and final edition of the Ghost biennial just concluded in Bangkok. Collector Marisa Chearavanont recently opened Bangkok Kunsthalle and Kai Yao Art Forest, and Purat “Chang” Osathanugrah is launching Dib Bangkok, billed as the country’s first international contemporary art museum, on December 21. New York dealer Harper Levine plans to open a Bangkok outpost of his Harper’s gallery in spring, and Seoul-based Artue is planning a scaled-up art fair called Art Bangkok International for next year. In August, the Thai government approved tax deductions for purchasing artworks by national artists and higher tax breaks for artists.

art basel paris louvre heist security response

Days before Art Basel Paris opens at the Grand Palais, a brazen daytime robbery at the Louvre Museum saw thieves escape with jewels once belonging to Napoleon III and Empress Eugénie. The heist, carried out by three masked men using a cherry picker and power tools, targeted the Galerie d’Apollon and has dominated headlines in France. Art Basel organizers have offered general reassurances about security but declined to provide specifics when asked about steps taken in light of the robbery. The fair is debuting a new invitation-only preview called Avant Première, and features 206 galleries from 41 countries, including Gagosian, Hauser & Wirth, and David Zwirner. It also marks the final edition under director Clément Delépine.

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.

paint drippings art industry news jun 30

Sotheby's London modern and contemporary evening sale brought in $85.7 million, down from $105 million last year, with highlights including a $10 million Tamara de Lempicka and a record $9.6 million auction result for Jenny Saville's drawing 'Mirror'. In other market news, a crowdfunding campaign raised over £100,000 to help Bristol Museum acquire a rediscovered J.M.W. Turner painting, and a Tiffany Studio window sold for $4.2 million at Christie's. Galleries announced new representation deals: James Cohan now represents Ranti Bam, Maruani Mercier represents Kate Gottgens, and Yancey Richardson represents Karen Gunderson; Ronchini gallery is moving to a new Mayfair location. Tate launched a £150 million endowment fund, the Louvre announced an international architectural competition to address overcrowding, the Uffizi imposed selfie restrictions after a tourist damaged a painting, the Cleveland Museum of Art acquired a rare Giambologna marble, and Italy's culture minister pledged support for the return of the Parthenon Marbles to Greece.

louvre closes offices gallery structural concerns

The Louvre has temporarily closed employee offices and the Campana Gallery in the southern Sully wing due to structural concerns identified in a November 14 building assessment report, which warned of fragile floor beams. The closure affects 65 staff members and a nine-room gallery of ancient Greek ceramics. The museum has launched an investigation and plans repairs, following a year of challenges including a staff walkout in June and a dramatic theft of imperial jewels from the Gallery of Apollo in October.

art guide to paris art week basel

The Louvre was forced to close on Sunday after a daylight heist of jewelry that Napoleon III had given to his wife, Eugenie, an operation that took under 10 minutes. The incident has highlighted ongoing issues at the world's most-visited museum, including understaffing and a shortage of surveillance cameras, with commentators linking the problems to French political turmoil. Meanwhile, the fourth edition of Art Basel Paris is set to open at the Grand Palais, featuring 206 galleries (63 with locations in France), serving as the centerpiece of a packed Paris Art Week with exhibitions, public programs, and gallery events.

louvre jewels stolen value

Nine jewels stolen from the Louvre are valued at $102 million, according to Paris prosecutor Laure Beccuau, contradicting earlier French claims that they were of “incalculable” value. The stolen items include a diadem worn by Queen Marie-Amélie and Queen Hortense, an emerald necklace of Empress Marie-Louise, and a diadem once held by Empress Eugénie, the latter containing nearly 2,000 diamonds. One crown belonging to Empress Eugénie was recovered after being dropped by the thieves, but the rest remain missing. The robbers entered through windows using small chainsaws and exited in under eight minutes. The Louvre has been closed since the heist, and cultural minister Rachida Dati defended the museum’s security systems before the National Assembly, calling the theft “a wound for all of us.”

Italy’s Uffizi Hit by Cyberattack, Says Security Wasn’t Compromised

The Uffizi Galleries in Florence suffered a significant cyberattack in February, with hackers reportedly stealing access codes, internal maps, CCTV camera information, and the institution's entire photographic archive. The attackers issued a ransom demand to director Simone Verde. In response, the museum moved valuable jewels to the Bank of Italy, sealed emergency exits at the Palazzo Pitti with bricks, and closed a section of the palace, though it attributes some actions to planned renovations and fire-safety compliance.

Manitoba Anishinaabe Artist Designs Moon Patch; Uffizi Targeted by Cyberattack

manitoba anishinaabe artists design moon uffizi cyberattack

Anishinaabe artist Henry Guimond has designed a mission patch for Canadian astronaut Jeremy Hansen to wear during the Artemis II lunar mission. The artwork features seven symbolic animals representing the Seven Sacred Laws of Anishinaabe custom, intended as a universal message for humanity that will literally travel beyond Earth's orbit.

five more suspects arrested over louvre jewel heist

French authorities arrested five additional suspects in connection with the historic theft of Napoleonic jewelry from the Louvre Museum, Paris prosecutor Laure Beccuau announced on Thursday. The coordinated raids took place in Paris and its northern suburbs, with one suspect identified through DNA evidence. The investigation has advanced by studying encrypted communications from seized phones. The heist occurred on October 19, when four masked thieves broke into the Apollo Gallery during opening hours, stealing nine artifacts worth approximately $102 million, though one crown was dropped during the escape. Two suspects were previously arrested on October 25, one at Charles de Gaulle Airport. The stolen jewels remain unrecovered, and authorities are searching the black market for them.

Documenta Taps an All-Women Artistic Team—and More Art Industry News

Documenta has selected an all-women artistic team for its upcoming edition, marking a historic shift for the prestigious quinquennial exhibition. In other art industry news, Sotheby's will open its new global headquarters in the Breuer Building on November 8, Christie's London will auction the collection of Danish businessman Ole Faarup in October, and Bob Ross's market has surged with record auction prices. Several galleries announced new artist representations and relocations, including François Ghebaly adding Brooklin A. Soumahoro and Latitude Gallery moving to Tribeca. The Whitney Museum made three curatorial appointments, the Harvard Art Museums acquired a Heinz Mack sculpture, and Claudia Gould was named executive director of the Shaker Museum. The Helen Frankenthaler Foundation added new board members, and Maëlle Ebelle was appointed inaugural director of the Liu Shiming Art Foundation.

louvre closed again staff strike january 2026

The Louvre Museum in Paris was forced to close on Monday, January 12, 2026, after staff launched a strike over pay, staffing levels, and working conditions. The closure is the latest in a series of disruptions since mid-December, including a three-day walkout before Christmas and multiple delayed openings in early January. Unions representing employees say the museum is understaffed, poorly maintained, and workers are overworked, calling for increased hiring, higher wages, and greater infrastructure investment. The labor unrest has been compounded by heightened scrutiny following an October daytime robbery of crown jewels valued at over $100 million, and tensions have also flared over a proposed standalone gallery for Leonardo da Vinci's *Mona Lisa*, which unions deem unrealistic given existing problems.

louvre strike 2

Louvre staff went on strike again on Monday over understaffing, working conditions, and the museum's $820 million renovation plan, echoing calls for director Laurence des Cars to step down. The walkout forced the museum to close to the public, reopening only a few major attractions like the Mona Lisa, Venus de Milo, and Winged Victory of Samothrace. The strike, originally launched in December, was suspended briefly but resumed after all 350 staff voted unanimously in favor. Unions demand a re-evaluation of the renovation project, dubbed "Nouvelle Renaissance," arguing the high cost is unrealistic and that priorities should shift to urgent technical maintenance.