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.

Art Basel Curbs Pre-Fair Sales—and More Art Industry News

Art Basel has launched a "Basel Exclusive" initiative to curb pre-fair PDF sales, encouraging galleries to withhold works from previews to drive in-person discovery at its flagship Swiss event (June 16–21). Around 170 of 232 exhibitors have opted in. Meanwhile, Volta returns to Basel with a new "5,000 Edit" section for works under CHF 5,000 to attract younger collectors, and the alternative fair Esther will hold its third edition in New York during Frieze Week. In other news, Sotheby's set a U.S. record for design auctions with the Jean and Terry de Gunzburg collection totaling $96 million, and billionaire collector Mitchell P. Rales pledged $116 million to the National Gallery of Art to fund loans to smaller museums. The Smithsonian American Art Museum named Lynda Roscoe Hartigan as its new director, and Gladstone Gallery plans a new Seoul space for 2026.

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.

Tracking the Biggest Market Players at the Venice Biennale

The 61st Venice Biennale is underway, and while it is officially a non-commercial exhibition, market forces are increasingly influential behind the scenes. Artnet News host Margaret Carrigan reports on auction houses actively participating in opening week, and highlights Sotheby’s upcoming single-owner sale in London featuring works from billionaire Joe Lewis’s collection, expected to exceed $200 million. Meanwhile, Whitechapel Gallery has created a new economist-in-residence position to address ongoing financial strain in museums.

A Venice Biennale in Protest

Hundreds of protesters, led by the Art Not Genocide Alliance, blocked the entrance to the Israeli pavilion at the Venice Biennale on May 6, waving Palestinian flags and accusing Israel of operating a "genocide pavilion." Activists from Pussy Riot and FEMEN also staged a pink smoke-filled protest against Russia's participation. Meanwhile, the Biennale jury suddenly resigned, and Israeli pavilion artist Belu-Simion Fainaru made legal threats against the Biennale alleging antisemitism and discrimination. The article also covers exhibitions in Upstate New York, a tribute to Beat Generation icon Jack Kerouac, and obituaries for performance art champion Steven Durland, artist Georg Baselitz, cartoonist Nicole Hollander, and arts patron Doris Fisher.

The US Pavilion Wants Your Money

The American Arts Conservancy, a new nonprofit with MAGA-aligned leadership, is fundraising for Alma Allen's 2026 US Pavilion at the Venice Biennale through a "Donate" button on its website, having received no institutional financial support. Meanwhile, a sculpture by Pedro Reyes at the newly unveiled LACMA building has sparked controversy for recalling a 2021 commission rejected by Mexico City after Indigenous and feminist protests, and the experimental LA nonprofit The Box has closed after 19 years.

Chanel Expands Support for Centre Pompidou Amid $535 Million Renovation

Chanel has announced a new five-year partnership with the Centre Pompidou in Paris, expanding its support for the museum during its landmark €460 million ($535 million) renovation. The fashion house, which has backed the Pompidou since 2019, will help preserve access to modern and contemporary art while the museum is closed to the public until its scheduled reopening in 2030. This follows a separate three-year deal in 2025 to grow the museum's collection of contemporary Chinese art by 30 percent, with a focus on women artists, and a 2024 acquisition of 21 works by 15 Chinese artists tied to an exhibition co-organized with Shanghai's West Bund Museum.

Delegitimation, Denunciation and Insecurity

"Delegitimation, Denunziation und Verunsicherung"

German cultural critic Georg Seeßlen warns in his taz column of a right-wing 'war of conquest' targeting liberal cultural institutions through systematic delegitimation, denunciation, and intimidation. Meanwhile, a new Berlin artist study reveals that the average annual income from artistic work is just €6,000, highlighting a structural dysfunction in the art system. Additionally, Jonathan Meese's play 'Alaska Kid' has been canceled at the Volksbühne Berlin following the death of his mother Brigitte Meese, who was his organizer, muse, and confidante.

"Kultursenator ist kein Nebenjob"

Berlin's finance senator Stefan Evers is set to additionally take on the role of culture senator following the resignation of Sarah Wedl-Wilson, a move criticized as a stopgap solution that creates a conflict of interest between austerity and cultural advocacy. Meanwhile, the Venice Biennale faces multiple controversies: critics question how to evaluate curator Koyo Kouoh's posthumous main exhibition "In Minor Keys," completed after her death in May 2025; Israeli artist Belu-Simion Fainaru speaks out against his exclusion from the Biennale competition, calling it politically biased and reminiscent of historical persecution; and German press decries the politicization of the Biennale, particularly the exclusion of Israel and Russia from the competition.

No Need to Shed a Tear for the Jury

"Man muss der Jury keine Träne nachweinen"

The entire jury of the Venice Biennale resigned shortly before the opening, prompting criticism of Biennale President Pietrangelo Buttafuoco. Italian Culture Minister Alessandro Giuli accused Buttafuoco of pursuing a misguided "pacificist fantasy" by readmitting Russia to the six-month exhibition, calling it failed "side foreign policy." Commentators in German media, including Niklas Maak (FAZ) and Marcus Woeller (Die Welt), see the resignation as a symptom of a crisis in the art world, with the jury having acted as a "political tribunal" by pre-judging artists based on nationality, particularly regarding Israel. The Biennale leadership defended inclusion, but the standoff has caused significant "image damage." Separately, Dirk Knipphals (wochentaz) delivers a scathing review of Wolfram Weimer's first year as cultural policy commissioner, accusing him of empty rhetoric and failing to counter right-wing cultural politics. Juliane von Mittelstaedt (Der Spiegel) reports on Saudi Arabia's use of a spectacular new art museum in Riyadh as a stability narrative amid regional conflict.

In Giverny, Monet does not benefit everyone

À Giverny, Monet ne profite pas à tout le monde

The article examines the economic paradox of Giverny, the French village where Claude Monet lived and painted. While Monet's gardens attract nearly one million visitors annually—with ticket sales estimated at €9-10 million—the village itself, with a population of just 430 and an annual budget of €600,000, sees almost none of that revenue. Visitors flood in for half-day trips, queue for hours to see the gardens, and leave by evening, spending little in local shops. The gardens, run by the Académie des beaux-arts, are tax-exempt and operate as a closed economic loop, with their boutique and restaurant generating income that stays within the institution.

Frieze New York Diary: a charity sale and rogue underwear

Frieze New York is underway, with notable highlights including a provocative marble sculpture of underwear by Reza Aramesh at the Iranian gallery Dastan, representing the last garment removed before imprisonment. Meanwhile, collectors Susan and Michael Hort are hosting a charity sale at their Tribeca townhouse benefiting the Rema Hort Mann Fund, featuring a popular "Buy What You Love" section where $150 works on paper are sold anonymously. Actor Lucy Liu is also making waves with a new exhibition titled "Hard Feelings" at Alisan Fine Arts on the Upper East Side, showcasing deeply personal paintings about memory and family.

Russia's 2026 Venice Biennale Will Not Open to the Public, and Other News.

Russia's pavilion at the 2026 Venice Biennale will be closed to the public for nearly the entire run of the exhibition (May 9–November 22), with access limited to a brief preview period for press and invited guests. Instead of physical access, visitors will experience the pavilion's project—titled 'The Tree Is Rooted in the Sky'—via video documentation displayed on exterior screens. The arrangement is widely seen as a compromise shaped by international sanctions and political backlash over Russia's return following its absence after the 2022 invasion of Ukraine. In other news, Matthieu Blazy unveiled his first Chanel cruise collection in Biarritz; San Francisco appointed Matthew Goudeau as its first-ever executive director of arts and culture; the Saudi Arabia Museum of Contemporary Art received a $490 million construction grant from Diriyah Company; and online auction sales grew 8 percent in 2025, generating $423.9 million.

Required Reading

Pakistani-born, Brooklyn-based tailor and community leader Hafeez Raza was honored by Mayor Zohran Mamdani as one of six garment workers photographed by Kara McCurdy, highlighting the real faces behind the fashion industry. Meanwhile, the Los Angeles Times's Image Editor-in-Chief Elisa Wouk Almino recounts a peculiar correspondence with artist Sophie Calle, who orchestrated a fake but real exchange using pre-written texts. In other news, Ai Weiwei discusses his new exhibition in Italy, censorship in Europe, and the Venice Biennale in an interview with El País. Additionally, Jacci Gresham, the first professional Black tattoo artist in the United States, reflects on her career since 1976, including tattooing Klan members and innovating with brown paper for Black and Brown clients.

May You Live in Less Interesting Times

The international jury for the Venice Biennale has collectively resigned just before the press preview, following their announcement that countries accused of crimes against humanity—specifically Israel and Russia—would be excluded from award consideration. The jurors did not provide an explicit reason for their resignation. Meanwhile, Russia's return to the 61st Venice Biennale will involve workarounds to comply with international sanctions, including restricted pavilion access. The article also highlights a widely-read essay by Hakan Topal on the financialization and 'administrification' of American art schools and academia.

Werke von Pollock und Brancusi für Rekordsummen versteigert

At Christie's spring auctions in New York, Jackson Pollock's painting "Number 7A" sold for approximately $181 million and Constantin Brancusi's sculpture "Danaïde" fetched around $108 million, both setting records. The works came from the estate of publisher S. I. Newhouse, who died in 2017. Christie's total sales for the evening exceeded $1 billion, while rival Sotheby's had sold several hundred million dollars' worth of art the previous week. Christie's enlisted actress Nicole Kidman to promote the Brancusi piece.

Some cry censorship, others cry antisemitism

"Die einen schreien Zensur, die anderen Antisemitismus"

A constitutional law scholar, Christoph Möllers, warns in an interview with Die Zeit about the dangerous escalation of cultural policy conflicts, sparked by Documenta 15, where accusations of censorship and antisemitism collide. In Poland, Adam Budak was removed as director of MOCAK in Krakow after just a few months, facing 79 allegations including mobbing and problematic leadership. Meanwhile, the New York spring auctions have launched, and Jason Farago's review of the Venice Biennale in the New York Times criticizes the shift from aesthetic innovation toward identity-driven art. Robin Pogrebin also reports on the merger of the Met and the Neue Galerie, described as a rare convergence of two museum models.

Venice Biennale: A Silent US Pavilion

Biennale de Venise : un Pavillon US silencieux

The US Pavilion at the 2026 Venice Biennale, featuring artist Alma Allen, opened to sparse crowds despite a 10% overall attendance increase at the Biennale. The pavilion was embroiled in controversy before opening: Allen was selected by the American Arts Conservancy (AAC), a private entity created in 2025 at the initiative of Donald Trump after the dissolution of the federal committee that previously oversaw the pavilion. AAC head Jenni Parido, a former pet food executive, chose the self-taught, little-known artist who had never had a solo museum exhibition. Major funders the Ford and Mellon Foundations withdrew, forcing the AAC to launch a public donation appeal. The exhibition features 25 abstract bronze, stone, and burl-wood sculptures that the artist describes as biomorphic landscapes, but critics find them pleasant yet silent, lacking the promised political or visceral resonance.

At the Venice Biennale I saw anger at Russia and Israel – and its leadership pretending everything was fine | Charlotte Higgins

At the 2024 Venice Biennale, the Russian pavilion returned with festive performances and prosecco deliveries, drawing sharp criticism from observers who saw it as a propaganda effort to distract from Russia's war in Ukraine. Meanwhile, Ukraine's Kramatorsk was bombed, and protests erupted, including a Pussy Riot intervention. Biennale president Pietrangelo Buttafuoco defended Russia's and Israel's participation, rejecting preemptive bans despite open letters and appeals. European Commission investigated potential sanctions breaches, and culture ministers from Ukraine, Poland, Estonia, and Baltic states boycotted or condemned the biennale's stance, accusing it of yielding to the aggressor.

Basel’s Art Exhibitions in 2026: A Must-Visit for Art Lovers and Tourists Seeking Unique Cultural Experiences

Basel, Switzerland, is spotlighting two major art exhibitions in spring 2026. The Fondation Beyeler presents a solo show of French painter Paul Cézanne, featuring around 80 works including his celebrated "Bathers" series, running until May 25. On May 1, the museum will host a "Day of the Bathers" where visitors in swimwear receive free admission, inspired by Cézanne and provocateur Maurizio Cattelan. Meanwhile, the Kunstmuseum Basel is showing "The First Homosexuals," an exhibition examining the birth of the word "homosexual" in 1868–69 and its impact on identity and visual representation through over 80 works from the 19th century.

The New Exhibitions of the Pinacoteca Agnelli and the New Public Works on the Lingotto Park-Track: The Photos

Le nuove mostre della Pinacoteca Agnelli e le nuove opere pubbliche sulla pista-parco del Lingotto: le foto

The Pinacoteca Agnelli in Turin has launched a new exhibition program that includes the first major institutional retrospective in Italy dedicated to Swiss photographer Walter Pfeiffer, titled "In Good Company," running until September 13, 2026. Curated by Nicola Trezzi and Simon Castets, the show features over 100 photographs from the 1970s to today, blending iconic and unseen works that explore queer eroticism, everyday artifice, and collaborative image-making. Concurrently, the museum presents "Modigliani sottopelle. Quattro capolavori" as part of its "Beyond the Collection" series, placing four masterpieces by Amedeo Modigliani—including a loan from the Staatsgalerie Stuttgart and works from the Centre Pompidou—in dialogue with the permanent collection. Curated by Pietro Rigolo and Beatrice Zanelli, the exhibition takes an interdisciplinary approach combining art history, diagnostics, and scientific research, using an algorithm to analyze canvas weaves and propose a new dating for the iconic "Nu couché" acquired by Giovanni and Marella Agnelli in 1960.

What else is happening

Was sonst noch geht

Ahead of the Gallery Weekend Berlin (May 1–3), the city is buzzing with parallel exhibitions that extend far beyond the official gallery circuit. The fourth edition of the Sellerie Weekend opens over 75 independent Off-Spaces from April 30 to May 3, featuring performances, curated tours, and a kickoff event with artist Sophia Süßmilch at the Spoiler project space. The Paper Positions art fair returns to Tempelhof Airport (April 30–May 3) with 70 international galleries specializing in works on paper, including artists like Annegret Soltau, Una Ursprung, and Stefanie Moshammer. Meanwhile, the art initiative House presents the group show "Gravity Ease Contract" in the Berghain heating plant hall (May 1–24), curated by David Douard, with works by Susan Philipsz, Julia Scher, and others. Finally, collectors Karen and Christian Boros unveil "Berlin Bunker #5" in their bunker-turned-museum, featuring recent acquisitions by Pol Taburet, Sung Tieu, and Jill Mulleady.

EU imposes sanctions on Mikhail Piotrovsky, director of Russia's State Hermitage Museum

The European Union has imposed sanctions on Mikhail Piotrovsky, the director of Russia's State Hermitage Museum, as part of its 20th sanctions package adopted on 23 April. Piotrovsky, a vocal supporter of Russia's full-scale invasion of Ukraine, is cited for being a close associate of Vladimir Putin and for actively supporting the war, including justifying Russian cultural policies that incorporate Ukrainian museum items into Russia's State Museum Fund and enabling unauthorized archaeological excavations in occupied Crimea. The sanctions also target three other cultural officials involved in the Crimean digs. Meanwhile, Hermitage archaeologist Alexander Butyagin, arrested in Poland in December 2025 at Ukraine's request, was released in a prisoner exchange on 28 April.

Prize commemorates Henrike Naumann – MMK takes over estate

Preis erinnert an Henrike Naumann – MMK übernimmt Nachlass

A new prize named after the late artist Henrike Naumann has been established by the Institut für Auslandsbeziehungen (ifa) and the Zeit Stiftung Bucerius, coinciding with her posthumous presentation at the German Pavilion of the Venice Biennale. The €15,000 Henrike-Naumann-Preis für Bildende Kunst, plus €5,000 in production funds, will be awarded regularly starting this year to early- to mid-career artists whose work engages with social transformation, political fault lines, or transnational contexts. Meanwhile, the Museum für Moderne Kunst Frankfurt (MMK) has acquired Naumann's estate, which will be catalogued and made publicly accessible to ensure her work receives long-term scholarly and curatorial attention.

Political Fallout Rocks Venice Biennale Prize System

Dozens of artists participating in the 2026 Venice Biennale have withdrawn from consideration for the newly created Visitor Lion awards, replacing the traditional Gold and Silver Lion prizes. A total of 57 artists from the main exhibition and 22 national pavilions signed a statement published on e-flux on May 9, acting in solidarity with the five-person prize jury that resigned on April 30 over the continued participation of Russia and Israel. The jury had objected to awarding prizes to artists from countries whose leaders face International Criminal Court charges, including Russian president Vladimir Putin and Israeli prime minister Benjamin Netanyahu. In response, the Biennale organizers postponed the awards ceremony to November 22 and introduced visitor voting, a move they described as consistent with openness and dialogue. Meanwhile, the Russian Pavilion, which returned after lending its space to Bolivia in 2024, faced protests, closure after previews, and a €2 million funding pull by the European Union for the 2028 Biennale.

‘Exclusion can only satisfy the ego’: Venice Biennale president hits out at critics amid Russia and Israel controversy

Venice Biennale president Pietrangelo Buttafuoco defended the institution against critics at a conference on May 6, three days before the public opening, amid controversy over Russia's return to the event for the first time since its 2022 invasion of Ukraine and ongoing disputes over Israel's participation. He accused critics of “narcissism” and “censorship,” while Italian culture minister Alessandro Giuli sent inspectors to investigate whether Russia's involvement breached sanctions; a report was submitted to Prime Minister Giorgia Meloni's office. Meanwhile, the Biennale faces legal threats from the artist representing Israel over alleged discrimination, and protests have erupted, including a demonstration by Art Not Genocide Alliance and a Pussy Riot action at the Russia pavilion.

Major protests take place at Venice Biennale previews

Major protests erupted during the preview days of the Venice Biennale, with multiple demonstrations targeting the Israeli and Russian pavilions. On Wednesday, the Art Not Genocide Alliance (ANGA) held a large protest outside the temporary Israeli pavilion in the Arsenale, attended by over 200 people calling for its closure. Separately, the Solidarity Drone Chorus performed a sound composition by Gazan artist Ahmed Muin, with 60 artists wearing T-shirts bearing names of artists from Gaza. Meanwhile, Pussy Riot and FEMEN protested Russian participation, forcing the Russian pavilion to shut its doors. These actions follow the resignation of the entire Golden Lion jury days before the opening, after they stated they would not consider pavilions from countries whose leaders are charged with crimes against humanity by the ICC—widely seen as a reference to Russia and Israel.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Anish Kapoor says US’s ‘politics of hate’ should exclude it from Venice Biennale

Anish Kapoor has called for the United States to be excluded from the Venice Biennale, citing the country's "abhorrent politics of hate" and "incessant warmongering." His comments follow the resignation of the five-member international jury, who stepped down in protest over the inclusion of Israel and Russia. Kapoor praised the jury's decision as "courageous" but argued they should have also targeted the US. The US pavilion, featuring artist Alma Allen and his exhibition "Call Me the Breeze," has faced scrutiny over perceived Trump administration interference and a delayed selection process. Meanwhile, the Israeli and Russian pavilions remain flashpoints, with over 200 participants signing a letter demanding the cancellation of the Israeli pavilion, and the Russian pavilion closed to the public but viewable through windows.

Venice Bound? Here’s All the News You Need to Know About This Year’s Biennale

The 61st Venice Biennale is embroiled in geopolitical controversy over Russia's return to the event in 2026, which has sparked widespread backlash. Nearly 10,000 artists and cultural leaders signed an open letter opposing Russia's participation, and the European Union withdrew €2 million in funding for the 2028 edition. Leaked emails reveal Biennale officials worked with Russian pavilion commissioner Anastasia Karneeva to circumvent EU sanctions, while Italy's culture minister Alessandro Giuli plans to boycott the opening week. Meanwhile, activists continue to push for Israel's removal from the Biennale, though Israel will be accommodated in the Arsenale this year.