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.

In a new home, Photo London gets down to business

Photo London opened its 2025 edition at a new venue, Olympia’s Grand Hall in West Kensington, on 13 May, moving from its previous decade-long home at Somerset House. Despite a hailstorm, the preview day saw lively sales: Paris-B Gallery sold three works for £100,000, including pieces by Yang Yongliang; In Camera sold both a vintage and modern print of Jane Everlyn Atwood's *Auto Portrait (Serpent)*; and Radius Publishing moved 40% of its stock by Thursday lunchtime. The fair runs until 17 May, with prices ranging from £100 to £400,000.

For young dealers, being in New York is key to surviving and thriving

The article examines how young art dealers in New York are adapting to the city's high costs and competitive market during the May art season. It highlights galleries like Europa, Esther, and Gordon Robichaux participating in multiple fairs simultaneously, such as Frieze New York and Independent New York, to maximize sales and visibility. Dealers like Pali Kashi and Silke Lindner emphasize strategic resourcefulness, with some sales already covering fair costs, while referencing artist Josh Kline's essay on how real estate pressures stifle artistic risk-taking.

Ten years on, Tefaf New York still stands out from the crowd

Tefaf New York returns to the Park Avenue Armory from 15 to 19 May, bringing together 88 exhibitors from 14 countries. The fair, which launched in 2016 as a two-part event and consolidated into a single annual edition in 2022, spans Greco-Roman antiquities, jewellery, 20th-century design, and contemporary art. This year’s edition includes nine new exhibitors such as David Lévy, Larkin Erdmann, Piano Nobile, Macklowe Gallery, and ML Fine Art, and sees the return of John Berggruen after a three-year absence. Fair leadership, including director Leanne Jagtiani and head of fairs Will Korner, emphasize the fair’s distinctive focus on Modern art, which they say differentiates it from other spring fairs in New York that are more heavily weighted toward contemporary work.

Venice Biennale 2026: all the national pavilions, artists and curators so far

The 61st edition of the Venice Biennale, the world's oldest and most prestigious art biennial, will open on 9 May 2026 and run through 22 November. The main exhibition follows the curatorial plan of the late Koyo Kouoh, while national pavilions have been announcing their participating artists and organizers. The article provides a comprehensive list of confirmed pavilions so far, including artists such as Genti Korini (Albania), Matías Duville (Argentina), Khaled Sabsabi (Australia), Florentina Holzinger (Austria), Faig Ahmed (Azerbaijan), and many others, with details on venues and organizers.

Artists made their mark at 2026 Met Gala

The 2026 Met Gala, held on May 4 at the Metropolitan Museum of Art, raised a record $42 million for the Costume Institute, surpassing last year's $31 million. Honorary chairs Jeff Bezos and Lauren Sanchez Bezos contributed at least $10 million, but their involvement sparked protests outside the event, with demonstrators holding signs like "Tax the Rich" and a group called Everyone Hates Elon leaving fake urine bottles labeled with Bezos's face. Inside, artists made a strong impression: Amy Sherald wore a Thom Browne look based on her painting; Jordan Roth donned a Robert Wun outfit inspired by a Met collection work; and Tschabalala Self collaborated with Brandon Blackwood on a gown evoking Degas's ballerina sculpture. The gala's dress code was "fashion is art," and the accompanying exhibition, "Costume Art" (May 10–January 10, 2027), debuts the Met's new 12,000-square-foot Condé M. Nast Galleries.

How Edward Burtynsky Captures Humanity’s Uneasy Relationship With Nature

Canadian photographer Edward Burtynsky is the subject of a solo exhibition titled “Burtynsky: Human/Nature” at Paul Kyle Gallery in Vancouver, running from May 30 to August 1, 2026. The show brings together works from the early 1990s to the present, capturing landscapes that highlight the tension between natural environments and industrial development. Images include a stepwell in India, a granite quarry in Vermont, railcars in British Columbia, and a glowing stream of magma in Ontario. The exhibition is accompanied by a catalogue with an essay by the gallery’s assistant director, Diamond Zhou, who describes the title as naming a strained relationship rather than a reconciliation.

New Louvre Chief Christophe Leribault Reveals His Vision for the Museum Post-Heist

Christophe Leribault, the new director of the Louvre, has outlined his vision for the museum following a $100 million heist in October 2025. The Apollo Gallery, where the theft occurred, will reopen in July with a redesigned display that removes mineral cases to highlight its Romantic wall paintings, inspired by Versailles’s Hall of Mirrors. Empress Eugénie’s diamond-and-emerald crown, crushed by the thieves, is being restored and will become a new highlight. Security upgrades include window bars, 100 new cameras by 2026, a mobile police station, and a new security coordinator. The heist led to the resignation of former director Laurence des Cars in February.

Pittsburgh’s burgeoning gallery community readies for its moment in art world spotlight

Pittsburgh's commercial gallery scene is experiencing a resurgence as the Carnegie International, the country's longest-running recurring exhibition, prepares to open its largest edition yet with 61 artists. Since the pandemic, several young gallerists with experience in New York and Los Angeles have opened spaces in the city, including Romance gallery (2023) by former Whitney curator Margaret Kross, and april april gallery (2024) relocated from Brooklyn by Patrick Bova and Lucas Regazzi. Longer-established galleries like Concept, Zynka, and James Gallery have welcomed these newcomers, with local figures such as collector Evan Mirapaul noting that Pittsburgh's robust arts ecosystem—including museums, universities, and nonprofits—has long lacked a strong commercial gallery presence.

Behind Christie’s $1 B. Blockbuster Result, the Market Still Looks Uneven

Christie’s New York achieved over $1 billion in sales during a two-part evening auction, led by Jackson Pollock’s *Number 7A, 1948* which sold for $181.2 million. The sale, the first billion-dollar night since the Paul G. Allen collection in 2022, also saw records for other works and active bidding from a small group of buyers, including dealer Jeffrey Deitch. However, the blockbuster results mask a more cautious middle market, where works priced between $100,000 and $1 million remain slow to sell.

Independent Art Fair Trades Downtown for the World

The Independent Art Fair has moved to Pier 36 on the Lower East Side waterfront for its 17th edition, running through May 17. The fair features 76 booths with a more spacious, warehouse-like layout, and a noticeably older, glossier crowd compared to previous years. Exhibitors include Los Angeles-based ATLA and Diane Rosenstein galleries, as well as international participants like Bogotá's SGR Gallery, showcasing solo presentations by artists such as Yoshikazu Tanaka, Kuniko Kinoto, and Johan Samboní. The fair has also announced partnerships with Sotheby's for its 20th-century edition and with the nonprofit Henry Street Settlement, signaling a tension between upscale ambitions and local community ties.

Art Basel Qatar Taps Former Mathaf Director Wassan Al-Khudhairi to Shape 2027 Fair

Art Basel has appointed Iraqi curator Wassan Al-Khudhairi as artistic director for the 2027 edition of Art Basel Qatar, succeeding Egyptian artist Wael Shawky who shaped the inaugural edition. The fair will take place January 28–30, 2027, with preview days on January 26–27, at Doha Design District and M7 in Msheireb Downtown Doha. Al-Khudhairi, former founding director of Mathaf: Arab Museum of Modern Art, brings deep ties to Qatar and international curatorial experience from biennials including Gwangju and the Asian Art Biennial.

Guadalupe Rosales Brings East LA to Venice for the Biennale

Guadalupe Rosales, a Los Angeles–based artist known for her Instagram archive @veteranas_and_rucas documenting 1990s Chicana life, has been selected to participate in the main exhibition of the 2026 Venice Biennale, curated by the late Koyo Kouoh. In an interview with ARTnews, Rosales discusses how her invitation came about after Kouoh's passing, her evolving practice that includes photography, murals, and installations, and the emotional depth of her archival work—balancing joy and grief, as exemplified by her cousin's death certificate. She will also publish a memoir titled *East of the River* in September.

New York Is About to Sell $3 Billion in Art. Who’s Buying?

Vanity Fair's Nate Freeman reports on New York's spring art season, where auction houses are poised to sell at least $2.6 billion in art alongside major museum exhibitions (Raphael at the Met, Duchamp at MoMA, Matisse at Acquavella) and the opening of Frieze New York at The Shed. The article follows the social and commercial frenzy, highlighting a David Shrigley gong installation at Anton Kern Gallery's booth and the enduring dominance of New York, where nearly 90% of U.S. art sales occur.

Behind every great artist... there is a great gallery. A look at the 2026 Venice Biennale

Dietro ogni grande artista… c’è una grande galleria. Un punto sulla Biennale Arte 2026

The 61st Venice Biennale, titled "In Minor Keys" (May 9 – November 22, 2026), features over 90% living artists, a significant shift from recent editions focused on historical rediscoveries. Curated by the late Koyo Kouoh (1967–2025), the first African woman to lead the Biennale, the exhibition includes 111 artists, with a majority of women (64 vs. 48 men) and the highest percentage of African-born artists ever (20%). Notable participants include Nick Cave, Carsten Höller, Alfredo Jaar, and Kader Attia, with a focus on mid-career and established figures rather than emerging or deceased artists.

Amy Sherald Dresses As Her Own Award-Winning Painting for Met Gala

Amy Sherald attended the 2025 Met Gala dressed as the subject of her own award-winning painting, *Miss Everything (Unsuppressed Deliverance)* (2014). The work, which won the Outwin Boochever Prize at the National Portrait Gallery and appeared on a *New Yorker* cover, depicts a young girl holding an oversized teacup. Sherald collaborated with designer Thom Browne to recreate the painting's look, including a red fascinator, as part of the gala's theme “Fashion Is Art,” which also aligns with the Costume Institute's exhibition “Costume Art.” Sherald served on the gala's committee alongside artists Anna Weyant and Tschabalala Self.

Look Inside the Art-Filled Home of New York City's Cultural Crusaders

This profile explores the Upper West Side residence of Crystal McCrary McGuire and Raymond J. McGuire, a power couple deeply embedded in New York City’s cultural and financial sectors. Their home serves as a private gallery for a significant collection of African American art, featuring masterworks by Norman Lewis, Henry Ossawa Tanner, Elizabeth Catlett, and Romare Bearden. The couple’s shared passion for collecting began independently, sparked by their formative years studying in France, and has since evolved into a joint mission to preserve and live alongside Black artistic heritage.

Paris Judge Rejects Bid to Suspend the Replacement of Notre-Dame’s Windows

A Paris judge has rejected a bid to suspend the removal of six 19th-century stained-glass windows by Eugène Viollet-le-Duc from Notre-Dame Cathedral, clearing the way for their replacement with contemporary works commissioned by the French government. The Paris Administrative Court ruled that the project does not constitute an irreversible alteration because the new windows, designed by artist Claire Tabouret and produced by glassmakers Simon-Marq, could be removed in the future, and the original windows will be preserved. The judge did not rule on the legality of the project, which had previously been vetoed by the National Commission of Patrimony and Architecture, leaving the door open for further legal challenges.

The Can’t-Miss Moments at TEFAF New York 2026

TEFAF New York 2026 opened to packed crowds at the Park Avenue Armory, showcasing a mix of historic and contemporary works. Highlights include Gagosian’s solo booth of Kathleen Ryan’s bejeweled “Bad Fruit” sculptures, Thaddaeus Ropac’s presentation of monumental canvases by Danish painter Eva Helene Pade, and Axel Vervoordt Gallery’s spotlight on overlooked Italian painter Ida Barbarigo. The fair also features collectible design and perennial favorites like Alexander Calder mobiles and Alighiero Boetti tapestries.

The Best Booths at Frieze New York, From Cindy Sherman’s Newest Photos to UFOs

The article reviews the best booths at Frieze New York 2026, held at the Shed in Hudson Yards. It highlights eight standout presentations, including Hauser & Wirth's debut of new Cindy Sherman photographs, Andrew Edlin Gallery's themed booth featuring artists like Paulina Peavy and Melvin Way who explore extraterrestrial themes, and Carlos/Ishikawa's display of Evelyn Taocheng Wang's monumental paintings that engage with Agnes Martin and Georgia O'Keeffe. The author notes that while art fairs prioritize commerce, some galleries successfully balance good art with monetization.

New Museum unveils Sarah Lucas's bawdy Bowery commission

The New Museum unveiled Sarah Lucas's sculpture "VENUS VICTORIA" (2026) on May 12 as the inaugural commission for its new public plaza on the Bowery in New York. The work features a pink-hued figure in yellow high heels straddling a giant cast-concrete washing machine, riffing on the classic reclining nude. Lucas's proposal was selected by an all-artist jury including Teresita Fernández, Joan Jonas, Julie Mehretu, Cindy Sherman, and Kiki Smith. The sculpture will remain on view for two years, after which another commission by a woman artist will take its place.

See Some of the Most Outrageous, Stylish Looks at the 2026 Met Gala

The 2026 Met Gala raised $42 million for the Metropolitan Museum of Art's Costume Institute, surpassing last year's $31 million. The event, themed "Costume Art" with a dress code of "Fashion is Art," featured honorary chairs Jeff Bezos and Lauren Sánchez Bezos, whose involvement sparked protests. Co-chairs included Beyoncé, Nicole Kidman, Venus Williams, and Anna Wintour, with artists Anna Weyant, Tschabalala Self, and Amy Sherald on the host committee. The gala precedes the Costume Institute's spring exhibition, also titled "Costume Art," opening May 10.

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.

Spanish Government Threatens to Fire Director of Museo Reina Sofía

Manuel Segade, director of the Museo Nacional Centro de Arte Reina Sofía in Spain, has been threatened with removal by lawmakers if he does not complete a full inventory of the museum’s over 25,000 artworks by December 31, 2025. The pressure comes from Spain’s Court of Auditors, which has criticized the museum’s cataloguing methods for years, and is backed by the far-right and the conservative Popular Party. Segade, appointed in 2023, has been overseeing a multi-year renovation and has increased the representation of women artists to 35%, though only 15% of the collection’s 26,000 pieces are by women. The museum recently refused to lend Picasso’s *Guernica* to the Guggenheim Bilbao, and a pro-Israel group filed a complaint over a Palestinian flag display and a seminar series.

Felix Art Fair Founder Mills Morán Steps Back From Gallery Duties

Mills Morán, cofounder of the Los Angeles gallery Morán Morán, is stepping away from its day-to-day operations to focus on Felix Art Fair, the fair he cofounded with his brother Al Morán and collector Dean Valentine in 2018. The fair, held at the Hollywood Roosevelt Hotel alongside Frieze Los Angeles, has staged eight editions. Morán announced the decision in a statement shared with artists and colleagues, citing personal recalibration after nearly two decades in the art world and a desire to be more present for loved ones.

Alexander James Dissects Painting’s Most Enduring Shape in Hong Kong Exhibition

British artist Alexander James presents *Dissecting the Square*, a new exhibition at Phillips Gallery in Hong Kong, running until 31 May 2026. The show features a series of paintings, sculptures, and installations that explore the square as a geometric form, inspired by a moment when sunlight dissected an empty canvas in his studio. James divides canvases into quadrants, creating works that balance order and disruption. The exhibition also includes Josef Albers’ *Homage to the Square: In Time* (1967) and a sculpture by Sean Scully, placing James’s practice in dialogue with art historical precedents.

6 Rising Artists to Watch at This Year’s Venice Biennale

The article profiles six rising artists at the 2026 Venice Biennale, focusing on Sung Tieu and Gala Porras-Kim. Tieu transforms the German Pavilion with a tile shell recreating a former housing complex for Vietnamese contract workers, while inside she scatters chocolate ladybugs as a symbol of occupation. Porras-Kim presents work in the Arsenale examining 'institutionally defined damage' and how decay can realign objects with their natural state.

We visited the 2026 Venice Art Biennale: the exhibitions and pavilions you shouldn’t miss

The 2026 Venice Art Biennale has opened across the Giardini, Arsenale, and venues throughout the city, with geopolitics, climate collapse, and national identities dominating the exhibitions. Notable pavilions include Austria's "Seaworld Venice" by Florentina Holzinger, the Czech and Slovak Pavilion's "Il Silenzio della Talpa" by Jakub Jansa and Selmeci Kocka Jusko, India's "Geographies of Distance: remembering home" featuring multiple artists, and the Taiwan Pavilion's "Screen Melancholy" by Li Yi-Fan. The Russian Pavilion has become a focal point of controversy, with guards and empty beer bottles outside, and the Pussy Riot collective staging a protest nearby.

The Langmatt Museum in Baden Reopens Its Doors

Le Musée Langmatt de Baden rouvre ses portes

The Langmatt Museum in Baden, Switzerland, has reopened after a two-year, €21 million renovation of its Art Nouveau villa, which required urgent structural intervention. The project was co-financed by the city of Baden and the canton of Aargau, with the city contributing CHF 10 million. To secure the museum's endowment fund, the Langmatt Foundation controversially sold three Paul Cézanne masterpieces at Christie's New York in November 2023 for a total of CHF 40.32 million, sparking ethical debate in museum circles. The renovation covered all 75 rooms, including new fire protection, an elevator, accessibility upgrades, a glass pavilion, and restoration of the historic park, while preserving the villa's character.

Must-See National Pavilions at the 61st Venice Biennale

The 61st Venice Biennale features standout national pavilions from Japan, the Philippines, Timor-Leste, Singapore, and India. Japan presents Ei Arakawa-Nash's 'Grass Babies, Moon Babies,' an interactive exhibition with hand-sewn baby dolls and sound pieces exploring queer parenthood and collective care. The Philippines showcases Jon Cuyson's 'Sea of Love / Dagat ng Pag-ibig,' a solo show using 'mussel thinking' to highlight Filipino seafarers. Timor-Leste's 'Across Words' brings together three artists addressing ethnolinguistic diversity and cultural memory, while Singapore presents Amanda Heng's 'A Pause,' a feminist performance on vulnerability and resilience. India's pavilion features Ranjani Shettar's work, supported by Talwar Gallery.