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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.

What It Takes to Build the Venice Biennale

Three weeks before the Venice Biennale opens on May 5, the city remains a construction site, with the Giardini closed and parts of the Arsenale requiring special access. Artist Faustin Linyekula rehearses his performance *The Galeazze Project* in a 16th-century roofless complex, working with the existing gravel, natural light, and lagoon acoustics rather than imposing a structure. Geopolitical conflicts, supply chain disruptions, and the sudden resignation of the Biennale’s international jury via Instagram add pressure to the already challenging logistics of mounting the global exhibition.

Has a new Banksy statue just appeared in central London?

A new statue has appeared on Waterloo Place in central London, bearing the signature of elusive street artist Banksy. The artwork depicts a suited man carrying a large flag that covers his face, stepping off a plinth, and blends with nearby bronze and granite monuments. Sightings were first reported on Wednesday 29 April, but how and when the statue was erected in this busy intersection remains unknown. Banksy has not yet posted the work on his Instagram account, his usual method of authentication, though crowds have already gathered.

Yves Klein Research Grant 2026: A Funded Residency for Emerging Scholars

The Yves Klein Foundation has launched its first Research Grant for 2026, offering a CHF 6,000 stipend and a one-week funded residency in Paris to emerging scholars under 35 who hold a PhD or postdoctoral degree. The program invites original research projects that deepen understanding of Yves Klein’s work, ideas, and legacy, with access to archives and scholarly guidance provided. Applications are due by 15 June 2026, with selection based on originality, scientific quality, and feasibility.

Iran Abruptly Drops Out of Venice Biennale as US and Israel’s War Continues

Iran has abruptly withdrawn from the 61st Venice Biennale, scheduled for May 9–November 22, 2026, reducing the number of participating nations from 101 to 100. The Biennale confirmed the withdrawal in a statement but did not provide a reason; Iran is now the only country listed without any artist representatives, though Aydin Mahdizadeh Tehrani remains listed as the pavilion's commissioner. The announcement comes as the Biennale opens to press amid ongoing controversy over the participation of Israel and Russia, whose pavilions have drawn protests from artists and politicians.

Aristophil : Gérard Lhéritier reconnaît sa culpabilité et obtient une peine réduite

Gérard Lhéritier, founder of the art investment firm Aristophil, has pleaded guilty in a French court under a procedure known as comparution sur reconnaissance préalable de culpabilité (CRPC), effectively a plea bargain. On April 14, he admitted responsibility for fraud and deceptive commercial practices after more than a decade of denial. This late admission, made just before his expected incarceration, reduces his sentence from the five years of imprisonment handed down in December 2025 to two years under electronic monitoring. The case stems from Aristophil’s collapse, which involved selling shares in manuscripts and historical documents as attractive investments, leaving thousands of investors heavily impacted.

‘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.