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.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Mark Rothko Painting Agnes Gund Hung in Her Living Room Sells for $98 M., Setting a Record

A Mark Rothko painting, *No. 15 (Two Greens and Red Stripe)* (1964), formerly owned by prominent art patron and Museum of Modern Art president emerita Agnes Gund, sold at Christie’s on Monday night for $98.4 million (including fees). The work, which Gund purchased directly from Rothko in 1967 and kept in her living room until her death last September, received about a dozen bids before hammering at $85 million to a buyer represented by Christie’s specialist Rachael White Young. The sale broke Rothko’s previous auction record of $86.9 million set in 2012 for *Orange, Red, Yellow* (1961), also at Christie’s New York.

Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

Artist Trevor Paglen Will Curate the Swiss Edition of Art Basel’s Digital Art Sector

Artist Trevor Paglen will curate the third edition of "Zero 10," Art Basel's digital art sector, at the fair's Swiss edition from June 17–21. Major galleries including Marian Goodman, Hauser and Wirth, and Almine Rech will present works by artists such as John Gerrard, Agnieszka Kurant, Avery Singer, and Hito Steyerl. Paglen co-curates with digital art strategist Eli Scheinman, and the presentation, titled "The Condition," surveys seven decades of instruction-based and computational art, featuring pioneers like Vera Molnár, Mary Ellen Bute, Ted Nemeth, and Ben F. Laposky alongside contemporary stars.

The Most Expensive Works by Mark Rothko Sold at Auction

Mark Rothko's paintings continue to command top prices at auction, with a list of his most expensive works updated in May 2026. The article details sales including 'Orange, Red, Yellow' (1956), 'Untitled' (1952) for $66.2 million, 'White center (Yellow, pink and lavender on rose)' (1950) for $72.8 million, 'No. 1 (Royal Red and Blue)' (1954) for $75 million, and 'No. 10' (1958) for $81.9 million. It also notes that in May 2026, Rothko's 'Brown and Blacks in Reds' (1957) sold for $85.8 million at Sotheby's from dealer Robert Mnuchin's collection, narrowly missing the artist's record.

This month’s blockbuster auctions in New York could bring upwards of $2.5bn

This month's May auctions in New York are projected to generate between $1.8 billion and $2.6 billion across Christie’s, Sotheby’s, Phillips, and Bonhams. Major highlights include the estates of legendary dealers Marian Goodman and Robert Mnuchin, with top lots such as Gerhard Richter's *Kerze (Candle)* (est. $35m–$50m) at Christie's and Mark Rothko's *Brown and Blacks in Reds* (est. $70m–$100m) at Sotheby's. Additional offerings include works from the late S.I. Newhouse collection, featuring Jackson Pollock's *Number 7A* and Constantin Brâncuși's *Danaïde*, each estimated at $100m, as well as pieces from the collections of Agnes Gund and Marilyn Arison.

East Africa meets Western Europe as Michael Armitage takes on Venice's Palazzo Grassi

The artist Michael Armitage opens a monographic exhibition titled 'The Promise of Change' at Venice's Palazzo Grassi, featuring 46 large paintings and nearly 100 sketches that survey his past decade of work. At 42, Armitage is the youngest artist to receive a solo show at the palazzo, which is owned by François Pinault and has previously hosted Albert Oehlen, Luc Tuymans, and Marlene Dumas. The exhibition highlights Armitage's fusion of East African and Western European artistic influences, drawing on his upbringing in Kenya and his training at London's Byam Shaw School of Art, the Slade, and the Royal Academy.

The 11 Exhibitions to See in May 2026

ArtReview's editors have curated a list of 11 must-see exhibitions worldwide for May 2026, excluding Venice. Highlights include Audie Murray's solo show at april april in Pittsburgh, featuring works made with her own hair and breast milk; Delcy Morelos's monumental earthwork 'origo' at the Barbican Sculpture Court in London; and Bold Tendencies' 20th anniversary season in Peckham, titled 'Euphoria', with new commissions across multiple disciplines.

Aspen Art Fair Names More Than 35 Exhibitors for 2026 Edition at Hotel Jerome

The Aspen Art Fair has announced more than 35 exhibitors for its third edition, returning to the Hotel Jerome from July 29 through August 1, 2026. This will be the first edition under director Kelly Cornell, who also leads the Dallas Art Fair. Newcomers include Albertz Benda, Friedman Benda, Library Street Collective, Monique Meloche Gallery, and R & Company, alongside returning galleries such as Marianne Boesky Gallery, Perrotin, Sean Kelly, and Galerie Gmurzynska. The fair will debut an outdoor sculpture garden and continue its Art Prize Program with residencies and commissions through Anderson Ranch Arts Center and Buckhorn Public Arts. It also coincides with the AIR festival organized by the Aspen Art Museum and partners with the Aspen Education Foundation to support local student artists.

Zurbarán in London, the Carnegie International, Walter Sickert’s Ennui—podcast

This episode of The Art Newspaper's podcast covers three major art events opening this weekend. The largest career survey of 17th-century Spanish master Francisco de Zurbarán since the 1980s opens at the National Gallery in London, co-curated by Francesca Whitlum-Cooper. The 59th Carnegie International, titled "If the word we," opens at the Carnegie Museum of Art and other venues in Pittsburgh, directed by Eric Crosby. The Work of the Week is Walter Sickert's "Ennui" (c.1914), featured in the exhibition "Walter Sickert: Working Notes" at Charleston in Lewes, curated by Robert Travers of Piano Nobile in partnership with Charleston.

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

Can Art Feel?

Hyperallergic's newsletter explores the question of whether artworks can possess personhood, drawing on Lisa Siraganian's essay that references the 2010 Citizens United Supreme Court decision and Pierre Huyghe's uncanny human statues. Other featured pieces include Ed Simon's review of Elizabeth Goldring's new book on Hans Holbein the Younger, Michael Glover's introduction to George Stubbs's equine portraits at the National Gallery in London, and news of a historic $116M gift to the National Gallery of Art for an artwork lending program. The newsletter also covers Byron Kim's exhibition at James Cohan Gallery, the new V&A East museum in London, and obituaries for Desmond Morris, James Hayward, and Flo Oy Wong.

Bahar Behbahani Brings the Persian Garden to NYC

Bahar Behbahani's project "Damask Rose: A Gathering" transformed three fountains on Governors Island into a Persian garden using handwoven carpets and crocheted canopies. The event, part of Governors Island Arts's annual Interventions series, brought together over two dozen community practitioners and cultural groups for a four-hour gathering focused on storytelling, music, and art-making. The article also covers Mana Contemporary's Spring Open Studios in Jersey City, a new Gaza monument in Paterson, Sarah Lucas's public sculpture at the New Museum, and other New York-area art news.

A Joan Mitchell diptych and a rare stack by Donald Judd: our pick of the May auctions

The Art Newspaper highlights five major lots from New York's May 2025 auctions. Phillips offers Joan Mitchell's diptych 'Plain' (1989), estimated at $5-7 million, from the collection of late Miami art patron Tina Hills. Christie's presents Donald Judd's rare copper and red Plexiglas 'Untitled (Stack)' (1969), estimated at $10-15 million, from the Minimalist collection of the late Henry S. McNeil Jr. Sotheby's leads with Jean-Michel Basquiat's 'Museum Security (Broadway Meltdown)' (1983), estimated above $45 million, and Mark Rothko's 'Brown and Blacks in Reds' (1957), estimated at $70-100 million from the collection of late dealer Robert Mnuchin.

How Painter Akira Ikezoe Became This Spring’s Breakout Star in New York

Japanese-born painter Akira Ikezoe has become a breakout star in New York this spring, appearing simultaneously in two prestigious exhibitions: the Whitney Biennial and MoMA PS1's Greater New York. His absurdist, diagrammatic paintings—featuring naked figures, skeletons, and dairy-centric narratives—have drawn significant attention from curators and critics. Despite lacking a New York gallery, Ikezoe is represented by Proyectos Ultravioleta in Guatemala City and was also included in the 2025 Sharjah Biennial, positioning him for rapid ascent in the art world.

Alma Allen Flops in Venice

Hyperallergic reports on the 2026 Venice Biennale, with Editor-in-Chief Hakim Bishara criticizing the U.S. pavilion's exhibition of Alma Allen's work as a disappointing departure from the previous editions' profound explorations of Indigenous life and Black sovereignty. Editor-at-Large Hrag Vartanian offers a positive review of the main exhibition "In Minor Keys," while Greta Rainbow covers a poetry procession honoring the late artistic director Koyo Kouoh. Additional stories include a review of the film "The Christophers" about an artist and forger, and news of workers at the American Folk Art Museum picketing for higher wages.

Art Movements: New Museum Names Its First Artist Studio Residents

The New Museum has named Yun Choi, Alison Kuo, and Korakrit Arunanondchai as the first artists-in-residence for its new Artist Studio, a 730-square-foot space created by the museum's OMA-designed expansion. The residencies will run from spring 2025 through winter 2027, with each artist developing new work, onsite exhibitions, and public programs. Separately, Forge Project announced its 2026 fellows—six Indigenous artists including Jay Bellis, Heidi Brandow, and Tiare Ribeaux—who will each receive $25,000 and a three-week residency. In other news, the Robert Therrien Estate has left Gagosian for David Zwirner Gallery, Laurel Nakadate won the Maud Morgan Prize, and Frieze New York revealed a staff uniform designed by artist Reika Takebayashi.

While the world is ending outside

Während draußen die Welt untergeht

The ninth edition of the art festival "Various Others" opened in Munich amid rain, with galleries, institutions, and off-spaces presenting their exhibitions. Highlights include Jana Schröder's large-format paintings at Jahn und Jahn, juxtaposed with Willem de Kooning's works on newspaper; André Butzer's solo show at Galerie Christine Mayer, featuring his transition from monochrome 'N-Bilder' back to color; and Anselm Reyle's solo exhibition at Walter Storms in collaboration with Galerie Dirimart. Two standout shows are inspired by Persian miniature painting: Elif Saydam's 'Glory' at Galerie Rüdiger Schöttle, where silver and gold leaf works will oxidize over centuries, and another exhibition exploring bodies in transitional states—pupating, oxidizing, and escaping fixed forms.

Nairy Baghramian and Ibrahim Mahama to create major new commissions for Art Basel 2026.

Art Basel has announced that Nairy Baghramian and Ibrahim Mahama will create major new site-specific sculptures for the 2026 edition of its flagship fair in Switzerland. Baghramian will present "Modèle vivant (S’empilant)" (2026), an elaborate installation designed for the Messeplatz fountain, while Mahama's commission details are yet to be fully disclosed. Both artists are part of Art Basel's inaugural class of Gold Awardees, with the commissions first revealed in February 2026.

Still in 'war mode': Tehran Museum of Contemporary Art reopens with exhibitions about conflict

The Tehran Museum of Contemporary Art (TMoCA) has reopened with a weekly rotating post-ceasefire program called 'Art and War,' following weeks of bombardment that forced its closure and prompted emergency efforts to protect its collection. The program began with works by American Pop artists James Rosenquist, Roy Lichtenstein, and Robert Indiana, and this week features three works from Pablo Picasso's Weeping Woman series, focusing on Spain. Museum director Reza Dabirinezhad described the challenges of safeguarding the collection during US-Israeli strikes, including removing 80% of the oil from Noriyuki Haraguchi's installation 'Matter and Mind' (1977) to prevent fire risk, and protecting outdoor sculptures by Henry Moore, René Magritte, and Max Bill.

The British Museum Is Recreating the Bayeux Tapestry’s Medieval Woodland

The British Museum is installing a temporary woodland installation called "Tapestry of Trees" in its forecourt from May 16 to June 2, evoking the 11th-century English landscape depicted in the Bayeux Tapestry. Designed by garden designer Andy Sturgeon, the installation features 37 silver birch trees and planters with dyed hessian wraps matching the tapestry's colors, alongside woodland species like Guelder Rose and Foxglove. It launches public programming ahead of the tapestry's historic loan from France, which will be displayed in a blockbuster exhibition on the Norman Conquest starting in September.

MONUMENTS at MOCA and The Brick

The article reviews the exhibition "MONUMENTS" held at both MOCA (Museum of Contemporary Art, Los Angeles) and The Brick, as covered by Contemporary Art Review LA. The review, written by Qingyuan Deng, appears in Issue 43 (February 2026) of the publication, which also features other reviews, interviews, and essays on topics ranging from olfactory art to tarot and video art.

What Does Damien Hirst Have to Do With This Giant McDonald’s Ball Pit in Milan?

An installation called "POOL. Ti sblocco un ricordo" was on view during Milan Design Week, organized by Nicolas Ballario and presented as part of the Tortona Rocks offsite exhibitions. The centerpiece is a giant swimming pool-shaped pit filled with hundreds of thousands of colorful balls, celebrating McDonald's 40th anniversary in Italy. The installation claims to be "informed by" Damien Hirst's "Spot Paintings" and also features a work from Vedovamazzei's "Early Works" series, which imagines how famous artists might have drawn as children. Other elements include vitrines of Happy Meal toys, a Ronald McDonald replica, and nostalgic McDonald's memorabilia.

There will be mud! Could my child (and buggy) survive a day at a sculpture park?

A parent takes their toddler to Yorkshire Sculpture Park (YSP) in West Yorkshire, UK, during a rainy February day. Despite the mud and drizzle, the child engages with outdoor artworks by Barbara Hepworth, Henry Moore, Bharti Kher, Sol LeWitt, Vanessa da Silva, and Damien Hirst, treating the sculptures as playgrounds and objects of discovery. The park offers free activity packs, a Hidden Forest designed for under-fives, and a family-friendly environment that encourages children to explore art and nature without the constraints of indoor galleries.

10 Exhibitions to See in Upstate New York This May

Hyperallergic's guide highlights 10 exhibitions opening in Upstate New York this May, including the Hessel Museum of Art's annual showcase of thesis exhibitions by graduates of the Center for Curatorial Studies at Bard College, featuring works by Alice Aycock, Arthur Jafa, Mike Kelley, and Ana Mendieta. Other notable shows include Daniele Frazier's camera-less photography at September Gallery, Onnis Luque's investigation into resource exploitation at Art Omi, and Japanese woodblock prints at the Frances Lehman Loeb Art Center. The guide also covers Lukaza Branfman-Verissimo's mixed-media works and Maria Auxiliadora da Silva's paintings.

The US Pavilion Is Taking Online Donations

The American Arts Conservancy (AAC), the nonprofit tasked with executing Alma Allen's 2026 US Pavilion at the Venice Biennale, is soliciting online donations from the public after receiving no corporate or foundation funding. Unlike previous pavilions backed by major foundations like Ford and Mellon, AAC's fundraising relies on private citizens, with a minimum $100 donation requested via its website. The State Department provided $375,000 but requires additional funding, and AAC's Executive Director Jenni Parido, a former pet food store owner, declined to name specific donors, though Instagram posts suggest wealthy Trump allies attended benefit events. Perrotin Gallery, which represents Allen, is providing operational support but not funding.

Shared Crafting, Touching, and Lying Down

"Gemeinsames Basteln, Anfassen und Hinlegen"

Christie's in New York achieved record auction results, with Jackson Pollock's "Number 7A, 1948" selling for $181.2 million and Constantin Brâncuși's bronze sculpture "Danaïde" reaching $107.6 million, both from the S. I. Newhouse collection. Meanwhile, critic Gesine Borcherdt published a scathing review of the Marina Abramović exhibition "Balkan Erotic Epic" at Gropius Bau Berlin, arguing that museums increasingly demand audience participation—crafting, touching, lying down—under the guise of democracy, which she likens to group therapy and warns carries authoritarian tendencies. In London, makeup artist and designer Isamaya Ffrench opened a hybrid gallery and concept store called Studio Iron, featuring works by Abramović, Paul McCarthy, Kelly Wearstler, and Anne Imhof, aiming to blur boundaries between art, design, and function.

5 free exhibitions to enjoy without cost during the May long weekends

5 expositions gratuites pour profiter sans frais des ponts du mois de mai

Beaux Arts Magazine highlights five free exhibitions to enjoy during the long weekends of May 2026 in France. The selections include "Diseuses de silence" at Espace Monte-Cristo in Paris, featuring 21 female sculptors such as Prune Nourry and Niki de Saint Phalle; a retrospective of Ernest Pignon-Ernest at Musée Ziem in Martigues; and the first French retrospective of Peruvian photographer Javier Silva Meinel at Maison de l'Amérique latine in Paris. Other venues mentioned are the Musée Ziem and the Magasins Généraux in Pantin, offering diverse contemporary art experiences without admission fees.

Thousands Decry Right-Wing “Smear Campaign” Against Misan Harriman

Over 97,000 people have filed complaints with the UK's Independent Press Standards Organisation against right-wing news outlets, including the Telegraph, for articles characterizing Misan Harriman's social media posts as antisemitic. Harriman, a photographer, human rights activist, and chair of London's Southbank Centre, has rejected the accusations, stating he has long championed marginalized communities and that the backlash stems from his criticism of Israel's actions in Gaza. An open letter supporting Harriman has been signed by 245 figures, including Tracey Emin, Greta Thunberg, and Mark Ruffalo, while the Telegraph published two articles scrutinizing his Instagram activity, prompting calls from Labour MP David Taylor for his removal from the board.