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.

Pace Gallery Takes Representation of Brâncuși Estate Ahead of $100 M. Sculpture Coming to Auction

Pace Gallery has taken global representation of Constantin Brâncuși's estate, announced hours before a $100 million Brâncuși sculpture, Danaïde (1913), goes to auction at Christie's. The sculpture comes from the collection of S. I. Newhouse and is among the most expensive works in New York's marquee sales. The announcement coincides with a major retrospective of the artist, organized by the Centre Pompidou, currently at the Neue Nationalgalerie in Berlin and heading to the Museum of Modern Art in New York later this year.

Pace Gallery Lands Brancusi Estate on Eve of Potential $100 Million Sale

Pace Gallery has secured global representation of the Constantin Brancusi Estate, announcing plans for a London exhibition this fall curated by art historian Jérôme Neutres. The news coincides with the auction of Brancusi's 1917 sculpture *Danaïde* at Christie's New York, estimated at $100 million, from the collection of late media mogul S.I. Newhouse. The estate was previously represented by Kasmin gallery, which closed last year. Pace's CEO Marc Glimcher emphasized the gallery's investment in modernist expertise and its ambition to become a market center for Brancusi works.

Cai Guo-Qiang joins White Cube

White Cube now represents Cai Guo-Qiang, making the British gallery the first to represent the Chinese-born, New York-based artist known for his gunpowder paintings. The announcement coincides with White Cube’s solo presentation of Cai’s ongoing gunpowder painting series featuring birds at Tefaf New York (14-19 May). Cai had a solo show at White Cube’s Bermondsey space last autumn, titled *Gunpowder and Abstraction 2015-2016*, his first London presentation since his large-scale project at Tate Modern in 2003.

Hirshhorn Museum and Sculpture Garden Announces 314 New Acquisitions During 50th Anniversary Year

The Smithsonian's Hirshhorn Museum and Sculpture Garden announced 314 new acquisitions in 2025, its 50th anniversary year. The additions span photography, mixed-media works, and contemporary American artists, including pieces by Lorna Simpson, Sarah Sze, Mickalene Thomas, Danny Lyon, Graciela Iturbide, Adam Pendleton, and Mark Bradford. Major gifts include a multi-year donation from collectors Doug and Toni Gordon of 176 works forming an archive of Pendleton's works on paper, as well as 13 contemporary Chinese works tied to a 2022 exhibition. The museum also acquired nine architectural photographs by Ezra Stoller documenting its 1974 opening and 19 prints by Joel-Peter Witkin.

Renowned feminist artist and film-maker Valie Export dies aged 85

Valie Export, the Austrian performance artist and film-maker known for her provocative feminist works that challenged the male gaze, has died at age 85. Her foundation announced she died in Vienna on Thursday, three days before her 86th birthday. Export gained notoriety in the late 1960s for low-budget performances such as "Tapp und Tastkino" (1968), where she invited shoppers to touch her bare breasts through a tiny curtain strapped to her chest. She also co-founded the Austrian Filmmakers Cooperative, participated in documenta (1977, 2007) and the Venice Biennale (1980), and was a professor of multimedia and performance at the Academy of Media Arts in Cologne.

Hirshhorn Museum Collection Tops 13,000 as Major 50th-Anniversary Acquisitions Announced

The Hirshhorn Museum and Sculpture Garden in Washington, DC, acquired 314 works in 2025, bringing its collection to over 13,000 pieces. The acquisitions, announced in conjunction with the museum's 50th anniversary, include major works by Lorna Simpson, Sarah Sze, Mickalene Thomas, and Adam Pendleton, as well as photographs by Graciela Iturbide, Danny Lyon, Ezra Stoller, and Joel-Peter Witkin. The museum also received 176 works by Adam Pendleton as part of a multiyear gift from collectors Doug and Toni Gordon.

Louvre Reveals Architects for $1 Billion Expansion

The Louvre has announced an international team of architects—New York's Selldorf Architects and Studios Architecture Paris—to lead its "Nouvelle Renaissance" expansion, a project estimated to cost over €1 billion ($1.2 billion). The plan, first announced by French President Emmanuel Macron in early 2025, includes a new entrance to accommodate three million additional visitors annually and a dedicated 33,000-square-foot exhibition space for Leonardo da Vinci's *Mona Lisa*. The museum's new director, Christophe Leribault, is moving forward with the project despite significant budget uncertainty, with cost estimates ranging from €270 million to €1.1 billion.

Venice Biennale Controversies Continue, French Parliament Report Finds Flaws in Museum Security, and More: Morning Links for May 13, 2026

Iran has denied withdrawing from the Venice Biennale, with Mahdizadeh Tehrani, general director of visual arts at Iran's Ministry of Culture, stating the country still hopes to participate despite Biennale organizers announcing Iran would not be represented at its pavilion. Meanwhile, the Somalia Pavilion has sparked controversy, with the Somali Arts Foundation alleging it was led by diaspora figures and European collaborators without meaningful consultation of artists based in Somalia, and the queer collective Warbixinta Cidda demanding the removal of an Italian co-curator due to Italy's colonial history. Separately, a French parliamentary inquiry has exposed major security flaws in the country's museums, following the theft of France's crown jewels from the Louvre in October, calling for reforms in security resources and museum leadership appointments.

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.

Manhattan's Neue Galerie to Merge With Met Museum

Cosmetics billionaire Ronald Lauder's Neue Galerie, a private museum on Manhattan's Fifth Avenue known for its collection of Austrian and German art, will merge with the Metropolitan Museum of Art. The merger takes effect in 2028, with the Neue Galerie retaining its physical space and staff. The announcement was made by The Met on May 14. The museum's star attraction is Gustav Klimt's "Portrait of Adele Bloch-Bauer I" (1907), and it also holds works by Egon Schiele, Oskar Kokoschka, and others. Lauder co-founded the Neue Galerie with dealer Serge Sabarsky in 2001. As part of the merger, Lauder and his daughter Aerin Lauder Zinterhofer will donate 13 additional paintings from their personal collection and make an undisclosed endowment gift.

Hayward Gallery announces major Nan Goldin exhibition.

The Hayward Gallery in London has announced a major solo exhibition of American artist and activist Nan Goldin, titled "You Never Did Anything Wrong." Running from 24 November 2026 to 7 March 2027, the show will mark Goldin's first institutional exhibition in the UK since 2002, featuring her intimate photographs and slideshows that document personal relationships, addiction, and queer communities over five decades. The exhibition rounds off the Southbank Centre's 75th anniversary year and includes works such as "Flowers with cup and Gaja" (2024) and "Diana in the bath" (2024).

Edgar Calel Honored with $75,000 Sam Gilliam Award

The Dia Art Foundation and the Sam Gilliam Foundation have announced Edgar Calel as the winner of the 2026 Sam Gilliam Award. The Guatemala-based artist and poet, born in 1987 in Chi Xot (San Juan Comalapa), will receive $75,000 and participate in a public program at a Dia location this fall. Calel, of Maya Kaqchikel heritage, works across painting, drawing, sculpture, and performance, and is known for monumental installations reflecting Mayan cosmovision and themes of ownership and stewardship. He was selected by a panel including Dia curators Jordan Carter and Matilde Guidelli-Guidi, Elvira Dyangani Ose, Annie Gawlak, Shanay Jhaveri, and Clara Kim.

Funding for Ballroom Security Shot Down by Senate Authority, Art Dubai Stages Scaled-Back Edition Delayed by War, and More: Morning Links for May 18, 2026

France's minister of culture has announced the winners of an architecture competition to renovate the Louvre and build a new room for the Mona Lisa. The winning firms are STUDIOS Architecture (founded in San Francisco, now Paris-based) and New York's Selldorf Architects, with BASE handling landscaping. The project, called Louvre Nouvelle Renaissance, was delayed due to criticism over cost and necessity following the October theft of France's crown jewels from the museum. Louvre president Christophe Leribault and the culture minister have refocused the renovation on upgrading security and preserving the aging structure, with a budget of €1 billion ($1.16 billion) and construction set to begin by 2028.

Edgar Calel wins 2026 Sam Gilliam Award

Edgar Calel, a Maya Kaqchikel artist from Chi Xot, Guatemala, has been awarded the 2026 Sam Gilliam Award, as announced by the Dia Art Foundation and the Sam Gilliam Foundation. The prize includes $75,000 and a public programme at a Dia Foundation location this autumn. Calel’s multidisciplinary practice—spanning drawing, sculpture, installation, and performance—centers on ancestral knowledge, Indigenous experience, and the legacies of colonialism. He was selected by a jury of curators and foundation leaders, including Jessica Morgan, director of the Dia Art Foundation.

Metropolitan Museum und Neue Galerie in New York fusionieren

The Metropolitan Museum of Art and the Neue Galerie in New York are merging. Starting in 2028, the Neue Galerie will operate as a satellite of the Met, renamed "The Met Ronald S. Lauder Neue Galerie." Founded in 2001 by cosmetics entrepreneur and art collector Ronald Lauder, the Neue Galerie houses a renowned collection of German and Austrian art, including Gustav Klimt's "Adele Bloch-Bauer I." Met director Max Hollein announced the merger, which also includes a donation of 13 works from Lauder and his daughter Aerin, plus an endowment for ongoing operations.

Dubai Plans a Massive New Museum for Digital Art

Dubai has announced plans for a new Museum of Digital Art (MODA), a major institution dedicated to digital and tech-driven art. The museum is part of a $27 billion transformation of Dubai's financial district into a technology hub, and will feature immersive and interactive experiences. No budget or completion date has been set, but Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairperson of Dubai Culture, stated the museum advances the city's commitment to converging creativity and technology. The museum will be designed by Adrian Smith + Gordon Gill Architecture, the firm behind the Burj Khalifa.

The Met and Neue Galerie Embark on Historic Merger

The Metropolitan Museum of Art and the Neue Galerie in New York have announced a historic merger set for 2028. The Met will acquire the Neue Galerie's Beaux-Arts mansion, renaming it the Met Ronald S. Lauder Neue Galerie (or Met Neue Galerie), while preserving its museum experience. The merger comes ahead of the Neue Galerie's 25th anniversary and its renovations from May to August 2026. Founder Ronald S. Lauder will remain involved, and the Met will supplement the Neue Galerie's programs, research, and digital initiatives. Major fundraising is underway, with the endowment target of $200 million already 80 percent met, supported by Lauder, his daughter Aerin Lauder Zinterhofer, and trustee Marina Kellen French.

Valie Export, Avant-Garde Icon and Feminist Trailblazer, Dies at 85

Valie Export, the Austrian avant-garde artist known for her radical feminist performances, films, and sculptures, has died at age 85. Her gallery, Thaddaeus Ropac, announced her death, noting her groundbreaking work in the 1960s and 1970s introduced a new form of embodied feminism to Europe. Export, born Waltraud Lehner in Linz, Austria, changed her name in 1967 and became known for provocative works such as "Aktionshose: Genitalpanik" (1969) and "Tap and Touch Cinema" (1968–1971), which challenged voyeurism and the sexualization of women's bodies. She also co-founded the Austrian Filmmakers Cooperative in 1968 and was commissioned by the Austrian Broadcast Corporation for her film "Facing the Family" (1971).

What the Met Gains from the Neue Galerie

Was das Met mit der Neuen Galerie gewinnt

The Neue Galerie, a private museum for German and Austrian art founded by billionaire collector Ronald S. Lauder, will be integrated into the Metropolitan Museum of Art (the Met) as an auxiliary branch under the new name "The Met Ronald S. Lauder Neue Galerie." The transition, announced by founding director Renée Price, is set to be completed by 2028, with the Met assuming full operational control after a planned renovation of the historic townhouse on Fifth Avenue. The merger follows years of Lauder's stewardship and ensures the long-term future of the collection, which includes masterpieces by Gustav Klimt, Egon Schiele, Wassily Kandinsky, and Max Beckmann.

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.

M+ in Hong Kong and Centre Pompidou in Paris Plan New Five-Year Partnership

M+ in Hong Kong and the Centre Pompidou in Paris have announced a new five-year partnership beginning next year. The agreement, announced at M+ on May 15, includes lending artworks for exhibitions, collaborative research and commissions, curator exchanges, and a four-year postdoctoral fellowship. A major exhibition focusing on visual culture in France and Greater China will debut at the Pompidou when it reopens in 2029 or 2030, then travel to M+.

Coco Fusco and Jeffrey Gibson’s Public Lectures, Free Admission at MCA Denver, and More: Industry Moves for May 13, 2026

This week's art industry moves include Coco Fusco and Jeffrey Gibson being named speakers for Johns Hopkins University's Sam Gilliam Lecture Series, with free talks scheduled in Washington, D.C. Other notable developments: MCA Denver received a $1 million gift from the Precourt Foundation for free youth admission through 2031; Xavier Hufkens now represents painter Richard Aldrich; Galatea will represent the estate of Brazilian self-taught painter Grauben do Monte Lima; Green Art Gallery added Sharjah-based artist Fatma Al Ali; Chris Sharp Gallery now represents sculptor Richard Rezac; and the Oakland Museum of California received a ceramics gift and $1 million endowment from the Brian and Edith Heath Foundation. Additionally, a Banksy painting from the "Crude Oils" series is estimated at $18 million for an upcoming Fair Warning auction at Tiffany & Co.

Mary Lovelace O’Neal, Abstract Painter Who Refused to Conform, Dies at 84

Mary Lovelace O’Neal, an abstract painter known for her gestural, unruly works that defied categorization, died on Sunday in Mérida, Mexico, at age 84. Her galleries, Jenkins Johnson and Marianne Boesky, announced her passing. O’Neal produced sprawling paintings characterized by tangles of drippy strokes, often using lamp black pigment to create intensely black canvases. She rejected labels like Abstract Expressionist or Minimalist, insisting she was simply a painter. Her series "Whales Fucking" (1979) and a 2020 exhibition at Mnuchin Gallery revived her profile, leading to inclusion in the 2024 Whitney Biennial.

Hong Kong’s M+ And Centre Pompidou Announce Strategic Partnership

M+, Hong Kong's museum of modern and contemporary art, has announced a multi-year strategic partnership with the Centre Pompidou in Paris. The collaboration includes co-organized exhibitions at M+ starting in 2027, a joint exhibition at the renovated Pompidou around 2030, and a four-year postdoctoral fellowship funded by the Huo Family Foundation, established by philanthropist Yan Huo in 2009. The Huo Research Fellow will focus on twentieth- and twenty-first-century Western and Asian art.

Guggenheim New York Announces Spring and Summer Public Programs

The Guggenheim New York has announced its spring and summer 2026 public programs, featuring a range of events including a performance lecture by LG Guggenheim Award recipient Trevor Paglen on May 18, a conversation between artist Carol Bove and curator Katherine Brinson on June 2, and the annual Museum Mile Festival on June 9. Other highlights include Late Shift evening events with live music, family-friendly activities like Stroller Hour and Art Cart, Teen Circle and Teen Tuesdays, and a screening of Douglas Gordon and Philippe Parreno's video work "Zidane, a 21st century portrait" in celebration of the 2026 FIFA World Cup. Poet-in-Residence Patrick Rosal will also launch summer activations.

Theatre, production, performance: fashion invests in art

Fashion houses like Chanel are increasingly investing in contemporary art, not merely as inspiration for prints or patterns but as a strategic tool for brand positioning and cultural credibility. Gallery owner Tristan Paprocki, who recently opened a Milan space with partner Guido Romero Pierini, notes that brands now seek out emerging artists to demonstrate foresight and support new talent. Chanel has collaborated with Berlin's Hamburger Bahnhof museum for large-scale installations by artists such as Klára Hosnedlová and Lina Lapelytė, and has announced ten artists for the third edition of its Next Prize 2026, including Bárbara Sánchez-Kane, Pan Daijing, and Álvaro Urbano. These artists work across fashion, sculpture, and performance, blurring the lines between clothing and contemporary art.

FAD News: Trevor Paglen to co-curate Zero 10 at Art Basel Basel 2026.

Art Basel 2026 has announced that artist Trevor Paglen will co-curate the latest edition of Zero 10, the fair's global initiative dedicated to digital art, alongside digital art strategist Eli Scheinman. Making its debut at Art Basel's flagship Swiss edition, Zero 10 will take over the Event Hall on Messeplatz from June 17–21, 2026, with a Preview Day on June 16. The expanded presentation will feature 19 exhibitors showcasing artists working at the forefront of digital, generative, and media-based practices, and is themed "The Condition," examining life within algorithmic systems and AI. Highlights include works by Hito Steyerl, Avery Singer, Andreas Gursky, Vera Molnar, Ryoji Ikeda, John Gerrard, and Rafael Lozano-Hemmer, presented by galleries such as Hauser & Wirth, Marian Goodman Gallery, Sprüth Magers, Esther Schipper, Almine Rech, bitforms gallery, Art Blocks, and HEK (Haus der Elektronischen Künste).

The Metropolitan Museum of Art and the Ronald S. Lauder Neue Galerie New York Announce Plans for a Landmark Merger

The Metropolitan Museum of Art and the Ronald S. Lauder Neue Galerie New York have announced a landmark merger agreement, set to take effect in 2028. The merger will unite the Neue Galerie's collection of 20th-century Austrian and German art—including Gustav Klimt's *Portrait of Adele Bloch-Bauer I*—with The Met, while preserving the Neue Galerie's distinct museum experience. Ronald S. Lauder and his daughter Aerin Lauder Zinterhofer plan to donate 13 additional paintings from their personal collection, and several Met trustees have pledged significant endowment gifts to support the integration and long-term operations.

La Biennale de Venise s’ouvre dans un climat houleux

The 61st Venice Biennale opened amid intense controversy after its president, Pietrangelo Buttafuoco, announced the return of the Russian pavilion, which had been absent since the start of the Ukraine war. The European Commission suspended its €2 million subsidy for the 2028 edition, and the entire Biennale jury resigned on April 30. Buttafuoco later declared the Russian pavilion would remain closed, but protests erupted during the pre-opening days (May 6–8), drawing 28,000 professionals. Pussy Riot members, Femen activists, and the Free Nations League staged demonstrations, while the Israeli pavilion remained open despite a letter signed by nearly 200 artists calling for its exclusion.