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.

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.

The Met Teams Up with Band-Aid on Art-Themed Adhesive Bandages

The Metropolitan Museum of Art and Band-Aid have reunited for a second collaboration, releasing a new set of art-themed adhesive bandages in 2026. The bandages feature details from three flower paintings in the Met's collection: Claude Monet's *Water Lilies* (1919), Vincent van Gogh's *Irises* (1890), and Odilon Redon's *Bouquet of Flowers* (ca. 1900–1905). The 50-count assortment includes small, medium, and large fabric bandages packed in a collectible tin, available exclusively at Target for $7.29. The 2025 Hokusai collection, which sold out quickly, is also back on sale at major retailers.

Whistleblower Complaint Alleges Misconduct at Palm Springs Art Museum, Where an Ex-Trustee Describes a ‘Shattered Moral Compass’

An anonymous whistleblower has filed a complaint alleging misconduct by leadership at the Palm Springs Art Museum, including improper movement of funds between accounts to address cash shortages, the forced resignation of a former director based on fabricated staff complaints, and a failure to properly interview external candidates for the director position. The complaint, forwarded to ARTnews, also references a $3 million discrepancy in the reported endowment value and the departure of several trustees, leaving the board below its required size. The museum has formed a special committee to investigate the allegations, which were first reported by the Los Angeles Times in November 2025.

Statement of Withdrawal from Visitor Lion Awards

Artists Spar Over Credit For A Dress Displayed In The Met’s ‘Costume Art’ Exhibition

London-based artist Anouska Samms has accused the Metropolitan Museum of Art's Costume Institute of exhibiting a dress that she claims is a counterfeit of her work in the ongoing "Costume Art" exhibition. The dress, titled Corpus Nervina 0.0, is credited solely to New York-based Israeli designer Yoav Hadari, but Samms alleges it closely resembles an earlier Nervina hair dress she co-developed with Hadari during their 2023 residency at the Lee Alexander McQueen Sarabande Foundation. Samms discovered the display via a social media post and has since spoken out, noting that a contract from their collaboration designated her as the sole owner of the intellectual property of the fabric. The Met has requested that the two parties resolve their dispute before the museum takes further action.

New Jersey Father and Daughter Plead Guilty to $2 M. Counterfeit Art Scheme

Two New Jersey residents, Erwin Bankowski and his daughter Karolina Bankowska, pleaded guilty to running a counterfeit art scheme that funneled over 200 fake works into the legitimate market between 2020 and 2025. The pair consigned forgeries attributed to artists including Andy Warhol, Pablo Picasso, Banksy, and Luiseño artist Fritz Scholder to galleries and auction houses across the United States, defrauding buyers of at least $2 million. They fabricated ownership histories, forged gallery stamps and certificates of authenticity using antique books and aged paper, and now face up to 20 years in prison plus restitution.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

81 artists withdraw from Venice Biennale competition

Father Daughter Counterfeiting Duo Face Twenty Years in Prison

A father-daughter duo from New Jersey, Erwin Bankowski (50) and Karolina Bankowska (26), pleaded guilty to creating and selling over 200 counterfeit artworks falsely attributed to artists including Andy Warhol, Pablo Picasso, Fritz Scholder, and Banksy. They admitted to wire fraud conspiracy and misrepresentation of Native American-produced goods, defrauding buyers out of at least $2 million. The pair fabricated provenances and collection histories, forged gallery stamps, and attempted to auction the works for up to $160,000 each. They each face up to 20 years in prison.

Dozens of Venice Biennale Artists Withdraw From Awards En Masse

Almost half of the artists in the 61st Venice Biennale's international exhibition, along with 16 national pavilion teams, have withdrawn from awards consideration in solidarity with the jury's resignation. The jury resigned on April 30 after stating it would not consider countries whose leaders are charged with crimes against humanity by the ICC, effectively disqualifying Israel and Russia. The Biennale Foundation then replaced the traditional Golden Lions with new "Visitor Lions" decided by public vote, reinstating all pavilions including Israel and Russia. The withdrawal follows protests at the Russian and Israeli pavilions and a historic labor strike that shuttered multiple pavilions.

Venice Biennale’s Visitor Lions Face Artist Boycott

Sarah Rowe Will Light Up Native Neon Residency in Kingston, NY

A new residency program for Indigenous artists working with neon for the first time has been launched through a collaboration between the Walker Youngbird Foundation and Lite Brite Neon Studio in Kingston, New York. Sarah Rowe, a painter and installation artist from Omaha, Nebraska, was selected as the first recipient from over one hundred applicants. She plans to create a work inspired by the heyoka, a trickster figure from Lakota tradition, and will receive a $10,000 stipend plus fully funded fabrication, materials, studio time, and technical instruction valued at around $50,000. The resulting artwork will be publicly presented, and Rowe will retain full intellectual property rights and ownership.

Biennale, rules announced for Visitor's Lion. But dozens of artists withdraw

The Venice Biennale has announced the voting rules for the new Visitors' Lion awards, which replace the traditional Golden Lions after the original jury resigned before the opening. On the same day the popular voting opened, dozens of artists from the central exhibition 'In Minor Keys' and several National Pavilions announced their withdrawal from the competition in solidarity with the resigned jury, releasing a statement via e-flux on May 9, 2026. The voting system requires visitors to have attended both the Giardini and Arsenale venues, with anonymous voting open until November 22, 2026.

The Raphaels, the Italian Gang and the Olive Oil Maker: The Spectacular Theft of 7 Paintings in Budapest During the Cold War

Les Raphaël, le gang italien et le fabricant d’huile d’olive : le spectaculaire vol de 7 tableaux à Budapest en pleine guerre froide

On November 5, 1983, thieves stole seven Renaissance masterpieces from the Museum of Fine Arts in Budapest, including two works by Raphael, two by Tiepolo, two by Tintoretto, and one by Giorgione, valued at $28 million. The heist was carried out by a small Italian gang from Reggio Emilia, who entered through a window using a scaffolding left by construction workers, leaving behind a screwdriver from the Italian brand USAG that the mastermind mistakenly thought would implicate American thieves. The operation was led by Ivano Scianti, with accomplices including Giordano Incerti, Graziano Iori, Giacomo Morini, and Carmine Palmese.