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.

Dubai wants to put on a brave face by announcing a new digital art museum

Dubaï veut donner le change en annonçant un nouveau musée d’art numérique

Dubai has announced plans for a new Museum of Digital Art (MODA), designed by Adrian Smith + Gordon Gill Architecture, the firm behind the Burj Khalifa. The five-story museum will be located in the DIFC Zabeel District and feature permanent and temporary exhibitions, immersive experiences, educational spaces, and a digital twin for global access. The announcement comes amid regional turmoil, including Iranian missile and drone strikes on the UAE in March 2025 that damaged infrastructure, disrupted tourism, and reduced the 20th edition of Art Dubai from 120 galleries to just 50 stands.

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.

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.

Seattle Art Museum Workers Move to Unionize

Over 100 employees at the Seattle Art Museum (SAM) have announced their intention to unionize, forming Seattle Art Museum Workers United (SAMWU) and affiliating with the Washington Federation of State Employees/AFSCME Council 28. In a letter to Director and CEO Scott Stulen and the museum board, staff across departments including visitor experience, collections care, curatorial, and education cited unsustainable wages, subpar health benefits, and top-down decision-making as key grievances. They are urging voluntary recognition by May 27 to bypass a formal election, and also call for just-cause job protections. The effort follows a successful 2024 strike by SAM's unionized security guards.