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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.

Eyes Wide Open! Kenny Schachter Dishes on Delinquent Dealers, Secret Deals, and That Other ‘Salvator Mundi’

Kenny Schachter offers a sardonic, first-person account of the spring 2025 art season in New York, weaving together observations from auctions, art fairs, and gallery openings. He notes brisk business at Sotheby's and Phillips, citing specific sales like James Ensor's tiny "Still life with Stingray" ($140,800) and Georgia O'Keeffe's double-sided "Maple Leaves and Flowering Cactus" ($1.68 million). Schachter also recounts his experience at Larry Gagosian's new Madison Avenue gallery, where security guards outnumbered the artworks, and reflects on the broader economic climate, including a tax lawyer moonlighting as a 3-D printer for his own sculpture project. He contrasts the wealthiest collectors—one driving a Lamborghini but staying at a Holiday Inn Express—with dealers wearing grim faces at TEFAF, painting a picture of a bifurcated art economy.

‘The story can be almost as important as the piece itself’: philanthropist Christian Levett on his approach to collecting

Philanthropist and collector Christian Levett, who opened the Mougins Museum of Classical Art in 2011 in southern France, closed that institution in 2023 and replaced it with Female Artists of the Mougins Museum, reflecting his growing focus on abstraction by women artists. Levett, a former investment manager, now owns around 1,700 works spanning antiquity to contemporary art, with significant holdings in post-war American art, African cutting-edge works, and the Zero movement. He recently bought Françoise Gilot's 1942 painting 'Geneviève Pensive' privately through Christie's and will speak at Tefaf Talks in New York on a panel titled 'Collecting with a Mission for Public Access.'

Jumper Maybach Turns Abstraction Into Emotional Space

American artist Jumper Maybach, known for his abstract expressionist paintings, debuted a new suite of works titled "Radiant Spaces" at the inaugural Salt Lake Art Show in 2026. The series explores themes of emotional energy, human resilience, and healing, using layered textures and color fields to create immersive experiences. Maybach has also created site-specific installations in architecturally significant buildings, including the 1900K building in Washington, D.C., and continues to blur the lines between fine art, installation, and luxury design.

The shifting market for luxury: can legacy brands navigate new trends and buyers?

Bénédicte Épinay, president and CEO of Comité Colbert, is organizing 'Hidden Treasures,' an exhibition of French luxury brands at The Shed in New York in late May 2025, timed after Frieze art fair and auction week. The show features 96 French luxury brands, 17 cultural institutions, and six European luxury brands, including Musée du Louvre, Balenciaga, Louis Vuitton, and Cartier. The initiative is part of a broader cultural diplomacy strategy, following a similar exhibition in Shanghai in 2024 that helped reduce tariffs on cognac. The article also notes shifting luxury market dynamics, with strong US sales growth projected at 8% in 2026, while Europe remains stagnant, and emerging markets like India show new wealthy buyers driving auction house growth.

Gabrielle Goliath, Richard Avedon, “Chicken Linda”

Hyperallergic editor-in-chief Hakim Bishara reflects on skipping the New York art fairs and a record-breaking $181 million Jackson Pollock sale at Christie's, instead focusing on a profile of pioneering performance artist Linda Montano (now 84) who welcomed a contributor in a chicken costume, and Gabrielle Goliath's exhibition "Elegy" which was banned from South Africa's Venice pavilion by the culture minister but is now on view in a church. The newsletter also announces Hyperallergic's New York Press Club journalism award for Noah Fischer's comic "A Prospect Heights Ghost Story," supported by the Economic Hardship Reporting Project, and rounds up other art news including a $1 billion Christie's sale, a Billie Holiday monument commission, and public sculptures by Sarah Lucas, Roberto Lugo, and Kyle Goen.

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.

Beijing Oomph 2026

Beijing Oomph 2026 is a curated guide to the best contemporary art exhibitions across galleries and institutions in Beijing, timed to coincide with the Beijing Dangdai art fair and Gallery Weekend at the end of May. The article highlights Zhi Wei's exhibition "Folly" at Beijing Commune as a key show, reflecting the city's vibrant art scene during this concentrated period of gallery openings and events.

The New York Fairs Are Done. What Remains?

The article reflects on the conclusion of New York's spring art fair season, highlighting TEFAF New York at the Park Avenue Armory and the Independent Art Fair, which relocated to Pier 36. It notes the ongoing Focus fair for emerging Asian art and spotlights specific artists, including Taiwanese painter Tseng Chien-Ying at Kiang Malingue's booth and Frank Gaard at Post Times, describing their works and the fair's atmosphere of discovery.

Art Dubai’s 20th edition rallies its local art community amid regional tensions.

Art Dubai, the UAE's premier art fair, opened its 20th edition as a scaled-down "Special Edition" from May 14–17 at Madinat Jumeirah, after being postponed due to the Iran–Israel war. For the first time, entry was free, and the lineup was pared to 50 galleries, most from the region, including Abu Dhabi, Beirut, Jeddah, Ramallah, and Dubai.

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.

TEFAF New York 2026: Contemporary Gains Ground

TEFAF New York 2026 is set to feature a stronger contemporary art presence, signaling a shift in the fair's traditional focus on Old Masters and antiques. The event will expand its contemporary offerings, attracting a broader range of galleries and collectors.

Frieze New York 2026 Reports Major Sales and Acquisitions

Frieze New York 2026 closed its 15th edition at The Shed on May 17, drawing 25,000 visitors from 75 countries and featuring 68 galleries from 26 countries. The fair reported strong sales across market levels, including seven-figure transactions such as El Anatsui's *LuwVor I* sold by White Cube for $2.2 million and Georg Baselitz's *Stunde der Nachtigall* sold by Thaddaeus Ropac for €1.4 million. The inaugural Sherman Family Foundation Acquisition Fund enabled acquisitions by the Brooklyn Museum and the Baltimore Museum of Art, with works by Bettina, Reika Takebayashi, Seba Calfuqueo, and Joanne Burke. Several galleries, including Johyun Gallery and James Cohan, reported sold-out or near-sell-out booths.

New York Art Week 2026 Frieze And TEFAF Report

New York Art Week 2026 featured major art fairs including Frieze New York at The Shed, which drew 25,000 visitors from 75 countries and launched the Sherman Family Foundation Acquisition Fund, placing works by four artists into the Brooklyn Museum and Baltimore Museum of Art. TEFAF New York at the Park Avenue Armory presented over 90 international galleries across historic period rooms, while satellite fairs Independent, NADA New York, and 1-54 Contemporary African Art Fair offered focused alternatives. Auction houses Sotheby's, Christie's, and Phillips opened free spring sale previews featuring highlights such as Roy Lichtenstein's 'Anxious Girl' and the Lewis Collection.

A $433 Million Boost for the Market

Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.

Untitled Art will launch four new prizes at Houston fair's second edition

Untitled Art Houston, returning for its second edition from October 2 to 4 at the George R. Brown Convention Center, has announced four new prizes for exhibitors and artists, bringing the total potential prize value to $113,200. New sponsors include the University of Texas MD Anderson Cancer Center ($20,000 acquisition prize), Public Art of the University of Houston System ($25,000 acquisition prize), Hotel Daphne ($30,000–$50,000 for up to three works), and the Houston Grand Opera ($7,500–$10,000 plus a commission and residency). Two residency prizes from the fair’s debut—PAC Art Residency and Casa Santa Ana Residency—will continue.

How Is Arts Patronage Changing?

At TEFAF New York, Artnet News editor Andrew Russeth moderated a panel titled “Who Supports Art Now? Patronage in a Shifting Cultural Landscape” featuring two prominent figures in American arts philanthropy: Sarah Arison and Michi Jigarjian. Arison, who became the youngest president of the Museum of Modern Art’s board in 2024 at age 39, also leads the Arison Arts Foundation and chairs YoungArts. Jigarjian, CEO of Work of Art Holdings and a partner at 7G Group, has led Baxter St at CCNY for 15 years and serves on the boards of the Brooklyn Museum and MoMA PS1. The discussion took place during fair week in mid-May at the Park Avenue Armory.

Sex Dreams, Piss Takes, and Fake Trends: A Week in the NY Art World With Domenick Ammirati

Domenick Ammirati returns to New York after a year-long writing residency in Siena and Provincetown to cover the spring art fairs, including Frieze New York 2026. He observes a notably calm art week, attributing the subdued atmosphere to the fair's proximity to the Venice Biennale, which left key players exhausted. Highlights include a Rei Kawakubo installation at Independent, Gucci's Cruise show in Times Square, and MoMA PS1's 50th anniversary gala, where he mingles with curator Jody Graf and spots Klaus Biesenbach.

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.

Vima 2026: Highlights From Cyprus’ Emerging International Art Fair

The second edition of Vima, Cyprus' emerging international art fair, took place in Limassol from May 15-17, 2026, drawing 5,200 visitors and featuring 26 invited galleries from over 20 countries. Artworks sold ranged from €550 to €90,000, reflecting increased sales from the inaugural 2025 edition. Highlights included a special exhibition curated by Kostas Stasinopoulos titled "The Crashing Waves," performances by Scottish choreographer Magnus Westwell, and notable presentations by galleries such as Cut Art Gallery (Riga) and Eins Gallery (Limassol). The fair also hosted 25 events including talks, live music, and off-site shows across Limassol and Nicosia.

Frieze New York 2026 Sales Report & Contemporary Art Market Trends

Frieze New York 2026 concluded with significant sales activity, as galleries reported strong demand for blue-chip contemporary works. The fair featured a mix of established and emerging artists, with notable transactions including major paintings by living artists and secondary market pieces. Dealers noted a cautious but steady market, with collectors focusing on high-quality, investment-grade works.

Our Highlights From Frieze New York 2026

Frieze New York 2026 took place from May 13 to 17 at The Shed in Manhattan, featuring nearly 70 galleries. Highlights included Cindy Sherman’s new photographs at Hauser & Wirth (many sold on preview day, with Leonardo DiCaprio visiting), the Focus section curated by Lumi Tan and sponsored by Stone Island, and the Frame section where Diedrick Brackens’ woven works were acquired by the Brooklyn Museum. Frieze Sculpture at Rockefeller Center, curated by Brett Littman, showcased 14 international artists including Nick Cave and Hank Willis Thomas. Mapuche artist Seba Calfuqueo won the Focus Stand Prize for hair-centered works exploring feminism and indigenous heritage.

FAD News: Major museum acquisitions and strong sales drive Frieze New York 2026

Frieze New York closed its 15th edition at The Shed with strong sales, major museum acquisitions, and 25,000 visitors from 75 countries. The fair featured 68 galleries from 26 countries and launched the inaugural Sherman Family Foundation Acquisition Fund, enabling the Brooklyn Museum and Baltimore Museum of Art to acquire works by Bettina from Ulrik, Reika Takebayashi, Seba Calfuqueo, and Joanne Burke. Notable sales included El Anatsui works for $2.2 million and $1.9 million at White Cube, a Georg Baselitz painting for €1.4 million at Thaddaeus Ropac, and a James Turrell light work in the $900,000–$1 million range at Almine Rech. Latin American representation grew to 14 galleries, and the Focus section curated by Lumi Tan drew strong institutional attention.

If fashion is art, why doesn’t CNZ fund it?

Creative New Zealand (CNZ) explicitly states on its website that it does not fund fashion design, classifying it as primarily part of the commercial creative industries. The article highlights the contradiction that while major institutions like The Dowse Art Museum, Auckland Art Gallery, and World of WearableArt treat fashion as art, CNZ denies funding to fashion designers, with rare exceptions for non-commercial, cross-cultural, or collaborative projects. Fashion designer Doris de Pont, founder of The New Zealand Fashion Museum, notes that even when her trust received CNZ support, it was for the art connection, not the fashion itself.

Art Basel Qatar Announces Artistic Director and Theme for 2027 Edition

Art Basel Qatar has appointed Iraqi curator Wassan Al-Khudhairi as artistic director for its second edition, scheduled for January 28–30, 2027, in Doha. The fair will be themed “between / بين,” exploring states of betweenness and fluid cultural encounters, and will feature a scaled-up Special Projects sector with large-scale, site-specific works, alongside solo gallery presentations. Al-Khudhairi, a specialist in modern and contemporary Arab art, previously served as founding director of Mathaf: Arab Museum of Modern Art in Doha and held curatorial roles at the Contemporary Art Museum St. Louis.

An Art-Lover’s Guide to Tunis’ Ground-Up Contemporary Scene

The article profiles Selma Feriani, a Tunisian gallerist who opened a new purpose-built gallery in the industrial El Kram district of Tunis in January 2024. Designed with architect Chacha Atallah, the three-story space features a concrete exterior referencing traditional Tunisian hand-application techniques and a garden of olive, palm, and orange trees. Feriani, who previously ran a gallery in London's Mayfair, returned to Tunisia after the Revolution to contribute to the country's cultural renaissance. The gallery currently hosts simultaneous exhibitions: Nadia Ayari's paintings of menacing plants and Nidhal Chamekh's "Frictions," part of his broader historical project "Et si Carthage…" exploring Mediterranean power dynamics.

Texas Vignette announces call for women artists to join 2026 Vignette Art Fair Sept. 30-Oct. 3 at On The Levee

Texas Vignette has announced an open call for Texas women artists to participate in the eighth annual Vignette Art Fair, scheduled for September 30 to October 3, 2026, at On The Levee in the Dallas Design District. Alison de Lima Greene, the Isabel Brown Wilson Curator of Modern and Contemporary Art at the Museum of Fine Arts, Houston, will curate the juried exhibition. Submissions open May 26 through June 26, with a $36 fee, and selected artists will be notified by August 17. The fair is free to the public on October 2-3, with ticketed preview events including a Patron Welcome Dinner and a Preview Benefit.

The most expensive Mark Rothko paintings ever sold at auctions

The article lists the most expensive Mark Rothko paintings ever sold at auction, highlighting record-breaking sales such as *No. 6 (Violet, Green and Red)* (1951), which fetched $186 million in 2014, and *Orange, Red, Yellow* (1961), which sold for $86.9 million in 2012. Other notable works include *No. 1 (Royal Red and Blue)* (1954) at $75.1 million and *No. 10* (1958) at $81.9 million, demonstrating the enduring high demand for Rothko's abstract expressionist canvases in the secondary market.

La Fondation Beyeler di Basilea inaugura una grande mostra dell’artista francese Pierre Huyghe. Da vedere durante Art Basel

The Fondation Beyeler in Basel is opening a major solo exhibition of French artist Pierre Huyghe, running from May 24 to September 13, 2026. The show transforms Renzo Piano's museum spaces into a sensitive ecosystem inhabited by images, organisms, sounds, dust, algorithms, and presences suspended between the biological and artificial. Key works include "Apnea" (2026), an artificial organ submerged in water that breathes at a human rhythm; "Alchimia" (2026), featuring a worm on a threshold that reacts to air; "Liminals" (2026), a film depicting a faceless anthropomorphic figure in a state of radical uncertainty; "Adversary" (2026), a closed gate co-created by human and machine; and "Camata" (2024), a film set in the Atacama Desert that is continuously re-edited in real time based on sensors and audience presence.

Recensione, interviste e migliori stand della fiera d’arte contemporanea di Varsavia. Che cresce

Art Warsaw returns for its third edition, this time held in the historic Villa Róż, a former British embassy in Warsaw. The fair features 56 galleries, over 30 of which are international, and is co-founded by Joanna Witek-Lipka and Michał Kaczyński. The unconventional venue, with its blend of aristocratic luxury and Cold War-era bureaucratic spaces, is central to the fair's identity, offering an experience far removed from the typical white cube format. Galleries collaborated closely with organizers to adapt their presentations to the building's unique rooms, creating an atmosphere that balances a commercial fair with an exhibition project.