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.

paint drippings art industry news feb 2 spanish dealers

A series of significant developments occurred across the global art industry this week. Expo Chicago announced a scaled-back edition under new director Kate Sierzputowski, while the Outsider Art Fair revealed its exhibitor list. A long-lost Renaissance portrait by Sofonisba Anguissola resurfaced at the Winter Show. Christie's will sell the collection of the late MoMA trustee Barbara Jakobson, featuring works by Jeff Koons and others. Bonhams made a key hire, and Sotheby's priced a major art-backed securitization. In gallery news, Alissa Friedman returned to Salon 94, Mary Cork joined Lehmann Maupin London, and several artists gained new representation, while New York's Francis Irv gallery announced its closure.

the art world in 2025

Artnet News staff reflects on the most impactful stories of 2025, covering a wide range of topics from institutional shifts and devastating wildfires to market sensations and conceptual art. Key pieces include Ben Davis's analysis of the art world's 'post-woke' turn, Sarah Cascone's report on Los Angeles artists losing homes in the Eaton Fire, Katya Kazakina's tale of a David Hockney painting yielding a 7,000 percent return at Christie's, Andrew Russeth's coverage of Richard Prince's seven-hour deposition video, Kate Brown's profile of Friedrich Kunath, and Annie Armstrong's introduction of the 'red-chip' art market driven by hype and crypto.

art collaboration kyoto director to depart tap

Yukako Yamashita will step down as director of Art Collaboration Kyoto (ACK) after leading the fair since 2022. The four-day event, which concluded at the Kyoto International Conference Center, featured 72 galleries from 19 countries and regions, with 29 Japan-based galleries hosting 30 international galleries in shared booths—its largest edition yet. Highlights included Annely Juda Fine Art's sale of three David Hockney works and Kurimanzutto selling 75 percent of its solo booth with artist WangShui. The fair also launched the Bangkok Collaborate Kyoto Fellowship, awarding WangShui and Takuro Tamayama a residency in Bangkok. ACK will return November 6–9, 2025.

Paint Drippings: Art Industry News November 21

paint drippings art industry news nov 21

The Philadelphia Museum of Art has appointed Daniel H. Weiss, former head of the Metropolitan Museum of Art, as its new director and CEO to provide stability following the controversial dismissal of Sasha Suda. The transition occurs amid a legal battle, with the museum filing court documents alleging Suda misappropriated funds and falsified records. Meanwhile, the auction market saw a historic moment at Sotheby’s, where Gustav Klimt’s 'Portrait of Elisabeth Lederer' sold for $236.4 million, setting a new record for the artist and becoming the most expensive Modern work ever sold at auction.

paint drippings art industry news mar 10

This week's art industry roundup covers NADA New York's 11th edition with 111 galleries at a new venue, the Starrett-Lehigh Building, and Photo London's 10th edition at Somerset House with 99 exhibitors. In auctions, Sotheby's London saw a Yoshitomo Nara work sell for £9.03 million, while Christie's achieved £10 million for René Magritte's 'La reconnaissance infinie' and over £3.3 million for a Nazi-looted Egon Schiele drawing, plus $728,784 in its first all-A.I. auction. Galleries saw moves including Charles Moffett's new Tribeca space, Lisson Gallery representing Tishan Hsu, and Mika Yoshitake joining Blum as senior curatorial director. Museums and institutions feature the opening of Khao Yai Art Forest in Thailand with works by Louise Bourgeois, and the J. Paul Getty Trust appointing Kelly S. Moody as vice president.

Yinka Shonibare Joins Mennour, a Fake Fake Monet, and More: Industry Moves for May 20, 2026

The article reports on several key moves in the art world as of May 20, 2026. Tina Kim Gallery will represent the estate of Singaporean British sculptor and printmaker Kim Lim, with a debut at Art Basel in June and a solo show in 2027. Yinka Shonibare has joined Paris gallery Mennour, which will host his first solo exhibition in October. Pace Gallery now represents the Brâncuși estate, planning a London exhibition this fall. Clarissa Morales has been named the first Chief Operating Officer of the Modern Art Museum of Fort Worth, moving from the Carnegie Museum of Art. Additionally, Jackson Pollock's Number 7A, 1948 sold for $181.2 million at Christie's, setting a new artist record. A viral social media post featuring a fake Monet painting created by AI sparked debate online.

Jasper Johns Marks Time

The art world is currently reflecting on the enduring legacy of Jasper Johns, highlighted by a new Gagosian exhibition focusing on his 1970s output. Critic John Yau explores Johns's career-long fascination with materiality and the inevitable decay of art, noting how the artist uses newsprint and wax to acknowledge that nothing remains static in time.

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.

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.

zohran mamdani names arts culture transition committee

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.

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.

hauser and wirth new york museum mega gallery shows

This spring in New York, major museum surveys at MoMA, the Whitney, the Guggenheim, and the Metropolitan Museum of Art feature artists all represented by the mega-gallery Hauser & Wirth: Jack Whitten, Amy Sherald, Rashid Johnson, and Lorna Simpson. The article notes that this concentration has been dubbed "Hauser spring" by some observers, and questions the increasingly blurred line between commercial galleries and museums, especially as Hauser & Wirth has provided financial support for at least three of the four shows.

LA’s The Box Gallery to Close After 19 Years

The Box, a prominent Los Angeles gallery, announced it will close after 19 years, with its final exhibition—a two-venue collaboration with Parker Gallery for late California artist Wally Hedrick—ending April 4. The closure will be marked by a fashion show for Johanna Went on June 6. Founder Mara McCarthy cited a combination of factors, including changing economics around support for her father Paul McCarthy's work and the loss of her family's homes in the January 2025 Eaton fire, as making continued operation impossible.

Alma Allen Speaks Out on Backlash Over U.S. Pavilion Commission: ‘A Little Stressful’

Sculptor Alma Allen has spoken out for the first time about the backlash he faced after accepting the commission to represent the United States at the Venice Biennale. In a rare interview on the podcast *Time Sensitive*, recorded at his home in Tepotzlán, Mexico, Allen described the response as “a little stressful” but said he never hesitated when curator Jeffrey Uslip invited him last fall. His selection sparked controversy because the State Department’s requirement that proposals “reflect and promote American values” while not promoting DEI initiatives led higher-profile artists like William Eggleston and Barbara Chase-Riboud to refuse. Allen’s former galleries, Mendes Wood and Olney Gleason, dropped him after he accepted, though he has since joined Perrotin. He also hinted that his exhibition, “Call Me the Breeze,” will include work about conflict and surveillance.

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.

amid ongoing layoffs brown university terminates both bell gallery curators rankling faculty

Brown University terminated both curators at the David Winton Bell Gallery—Kate Kraczon, director of exhibitions and chief curator, and Thea Quiray Tagle, associate curator—on December 4, as part of broader layoffs and austerity measures amid a financial crunch. The university eliminated 55 vacant positions and laid off 48 staff across campus, but has not publicly commented on the curators' terminations, which were confirmed via an internal message shared with ARTnews. Faculty members expressed surprise and frustration, saying they received no clear explanation beyond budget cuts, and it remains unclear who will handle future programming at the gallery.

alma allen american pavilion 2026 venice biennale

Alma Allen, a Utah-born, Mexico-based sculptor, has been selected to represent the United States at the 2026 Venice Biennale, according to ARTnews sources. The pavilion's commissioning curator is Jeffrey Uslip, who previously curated the Malta Pavilion in 2022. The official announcement is pending the end of the government shutdown. Allen, known for large-scale stone, wood, and bronze sculptures, is in talks with Perrotin gallery for representation after his previous gallery, Kasmin, closed and rebranded as Olney Gleason.

high art paris gallery closing

High Art, a Parisian gallery known for launching the careers of artists like Lucy Bull and Julien Creuzet, is closing its physical space after 12 years. The gallery announced on Instagram that its last exhibition closed in July and that it will transition toward collaborations, offsite exhibitions, and individual artworks. Founded in 2013 by Romain Chenais, Jason Hwang, and Philippe Joppin, High Art became a tastemaker in Paris's gallery scene, known for its challenging and often unconventional program. Many artists who showed there early, including Rachel Rose, Matt Copson, and Frieda Toranzo Jaeger, later achieved international recognition.

Who is Alma Allen, US Pavilion Artist for the 2026 Venice Biennale?

who is alma allen us pavilion artist 2026 venice biennale

The US Department of State has confirmed that sculptor Alma Allen will represent the United States at the 2026 Venice Biennale. Allen, a Utah-born, Mexico-based artist known for abstract biomorphic sculptures, was selected after a fraught selection cycle that included updated guidelines requiring proposals to promote American values. He was approached directly by curator Jeffrey Uslip, who will organize the US pavilion, and accepted the offer despite reportedly being advised against it by his former galleries Mendes Wood DM and Olney Gleason, which subsequently cut ties with him.

who is alma allen venice biennale

Alma Allen, a self-taught Utah-born sculptor based in Mexico, has been confirmed as the U.S. representative for the 61st Venice Biennale, opening in May. His pavilion exhibition, titled “Alma Allen: Call Me the Breeze,” will be curated by Jeffrey Uslip and commissioned by Jenni Parido of the American Arts Conservancy. Allen’s selection is notably unconventional: he has no major museum solo exhibitions and was dropped by his galleries, Mendes Wood and Olney Gleason, after accepting the commission. The U.S. State Department’s brief release frames the presentation as highlighting “alchemical transformation of matter” and “elevation,” aligning with the Trump Administration’s focus on “American excellence.”

berlin gallery societe represents edi rama prime minister albania

Berlin gallery Société has announced that it now represents Edi Rama, the Prime Minister of Albania, as an artist. Rama, who has been in office since 2013, studied at the Academy of Arts in Tirana, worked as an artist in Paris in the 1990s, and served as Albania's minister of culture before entering politics. His work includes boldly colored ceramic sculptures and abstract works on paper, often created on repurposed official documents during meetings. He previously exhibited at Marian Goodman's Paris space in 2024.

yinka shonibare gas foundation fondation h retrospective

Yinka Shonibare, the London-based British-Nigerian artist, established the nonprofit Guest Artists Space (G.A.S.) Foundation in Nigeria in 2019 to address the lack of artistic infrastructure in Lagos. The foundation, which grew out of his earlier Guest Projects initiative in London, operates two facilities: the G.A.S. Lagos Residency and the G.A.S. Farm House in Ijebu, Ogun State. It hosts residencies and programs supporting artists and curators from Africa and beyond, and launched the G.A.S. Fellowship Award in 2022. The article highlights the experience of 2024 fellow Amanda Iheme, an architecture photographer who expanded her practice during her residency. Shonibare funds the foundation partly from his own art sales, and the piece notes his recent major exhibitions, including at the Venice Biennale and Serpentine Galleries, as well as his current show at Fondation H in Madagascar.

art galleries closing museum restaurants wet paint

Artnet News' Wet Paint column reports a wave of gallery closures and rumors in New York's art scene. Blum and Venus Over Manhattan have recently shut down, while Clearing's Bowery space temporarily became a Tank Air clothing pop-up, not a permanent closure. Micki Meng sent a cryptic 'I'm quitting' email but clarified it was a reference to Marcel Duchamp, not a business closure. Jack Barrett Gallery is relocating, not closing, and Tramps has closed its Washington Square Park location while planning a new Paris outpost. Jack Hanley, who closed his gallery in January, is now painting in the Hamptons.

el greco paint drippings art industry news jun 20

This week's art industry roundup covers a range of developments: a new wave of younger, deliberate collectors is reshaping the art market, as reported from Art Basel; the Independent art fair will relocate to Pier 36 in New York in 2026; Riga Contemporary, a new fair, launches in Latvia; and the inaugural Arrival art fair took place in North Adams, Massachusetts. In auctions, seven never-before-seen Picasso ceramic plates sold in Geneva for nearly double their estimate, while a Giacometti sculpture made the top 10 sales list. Galleries news includes Nara Roesler now representing Asuka Anastasia Ogawa, a new gallery called Open Studio opening in New York, and Andrew Edlin Gallery relocating. In museums, a government watchdog found the Trump Administration broke the law by withholding funding for the Institute of Museum and Library Services, and UC Irvine and the Orange County Museum of Art plan to merge. A legal battle over an El Greco painting withdrawn from Christie's auction is advancing, with the owner revealed as Russian billionaire Dmitry Rybolovlev.

paint drippings art industry news jun 16

This week's art industry roundup covers major developments across art fairs, auction houses, and galleries. Ahead of Art Basel in Basel, Artnet's Editor-in-Chief Naomi Rea investigates how the trade lost control of the pricing narrative amid a market breakdown. The Armory Show announces its 2025 edition with over 230 galleries and new curated sections, while Frieze will open a gallery space in Seoul. Sotheby's London will auction Pauline Karpidas's collection estimated at over $81 million, and a rare Rodin marble sold for $1.2 million. Caroline Lang steps down as chair of Sotheby's in Switzerland after four decades. Gallerist Kamel Mennour donates 180 works to Paris's Musée d'Art Moderne, and Marian Goodman Gallery now represents the estate of Ana Mendieta.

state of play april 23 guy ullens death

Belgian billionaire Guy Ullens, a key figure in promoting Chinese contemporary art, died at age 90. His death was announced by the Ullens Center for Contemporary Art (UCCA) in Beijing, which he founded in 2007 as one of China's first privately run contemporary art centers. The article also covers Art Basel Hong Kong, Art Dubai's digital art sales, Gallery Weekend Beijing's new invitation-only system, Bluerider Art's expansion to Los Angeles, the appointment of Ho Tzu Nyen as artistic director of the 16th Gwangju Biennale, the Turner Prize 2025 shortlist, the opening of New Taipei City Art Museum, and Saudi Arabia's new typefaces.

Art Movements: Frieze Partners With ... the Whitney?

Frieze New York announced a partnership with major New York cultural institutions, including the Whitney Museum of American Art and Dia Art Foundation, to present performances and exhibitions timed with its May fair. The Whitney will show Jonathan González's "Body Configurations," while Dia will display David Lamelas's video work. This initiative explicitly aims to extend the fair's presence beyond its commercial venue into established museums.

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.