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.

Frieze New York Kicks Off with Seven-Figure Sales and High Energy: ‘It’s a Fiesta’

Frieze New York kicked off its preview day at the Shed in Manhattan with strong sales and high energy, as many attendees arrived fresh from the Venice Biennale. Galleries reported brisk presales and early placements, with White Cube selling major works by El Anatsui and Antony Gormley for seven-figure sums, and other dealers like James Cohan Gallery nearly selling out their booths. Collectors, advisors, and celebrities including Anderson Cooper, Michael Stipe, and Leonardo DiCaprio were spotted, while the Brooklyn Museum made acquisitions through the new Sherman Family Foundation Acquisition Fund.

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.

$2.2 million El Anatsui work leads Frieze New York 2026 sales.

Frieze New York 2026 opened its 15th edition at The Shed in Manhattan on May 13th with a VIP preview, drawing collectors, museum directors, artists, and celebrities like Leonardo DiCaprio, Julia Fox, and Sharon Stone. The fair features 68 galleries from 25 countries and runs through May 17th, with a $2.2 million work by El Anatsui leading reported sales.

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.

‘I couldn’t believe we weren’t falling over ourselves for it’: Asia-Pacific art finally conquers Britain

The Victoria and Albert Museum (V&A) in London has opened "Rising Voices: Contemporary Art from Asia, Australia and the Pacific," a major exhibition produced in partnership with the Queensland Art Gallery | Gallery of Modern Art (QAGOMA) in Brisbane. Featuring over 70 works never before exhibited in the UK, the show draws from QAGOMA's Asia Pacific Triennial of Contemporary Art (APT), which began in 1993. Highlights include Michael Parekōwhai's sculpture of a Māori bouncer, Montien Boonma's terracotta bell installation, and Takahiro Iwasaki's intricate wooden model. The exhibition is the first APT survey to be held outside Australia and Chile, arriving after years of planning by V&A exhibitions director Daniel Slater.

Christie’s $1.1 B. Double-Header Shows Growing US Market Strength, Basque Government Snubbed Reina Sofía in ‘Guernica’ Loan Request, and More: Morning Links for May 19, 2026

Christie’s evening sales on Monday reached $1.1 billion, driven by top lots including a Jackson Pollock drip painting ($181.2 million), a Constantin Brâncuși bronze head ($107 million), and a Mark Rothko abstraction ($98.4 million). The sales revealed strong bidding in the under-$20 million segment, with most activity from US buyers, while European and Asian clients remained cautious. Separately, Reina Sofía Museum director Manuel Segade stated that the Basque government never formally requested to borrow Picasso’s ‘Guernica’ from the museum, only approaching Spanish political leaders, who lack authority to lend the work. The UK’s shadow culture secretary urged an investigation into antisemitism allegations against Southbank Centre chairman Misan Harriman.

'Reflection of resilience': Art Dubai's war-postponed edition opens to healthy sales

Art Dubai's 20th anniversary edition opened at Madinat Jumeirah after being postponed from April to May due to the US-Israel war in Iran and regional missile threats. Around 75 exhibitors dropped out, leaving roughly 50 participants, mostly from the region. The fair was reorganized in just eight weeks under executive director Benedetta Ghione and new director Dunja Gottweis, who created a new floor plan in a day and a half. The scaled-back format includes an embedded digital section, and initial sales have been strong, with works by Samira Badran, Mostafa Al Hallaj, Safeya Sharif, Alyazia Al Nahyan, Roudhah Al Mazrouei, and Nabil Anani selling at prices ranging from $3,500 to $360,000.

Art Movements: Michelle Millar Fisher Heads to Cooper Hewitt

Michelle Millar Fisher, formerly curator of Contemporary Decorative Arts at the Museum of Fine Arts, Boston, has been appointed chief curator at the Cooper Hewitt, Smithsonian Design Museum in Manhattan. She succeeds Matilda McQuaid, who is retiring after 24 years. Separately, the Getty Foundation awarded $1.8 million in grants to eight institutions through its Black Visual Arts Archive initiative, supporting the processing of historical records related to Black art. Other notable appointments include Jamie Blosser as curator of the Loeb Fellowship at Harvard Graduate School of Design, Graham C. Boettcher as director and CEO of the Norman Rockwell Museum, and Susan Fisher Sterling's retirement from the National Museum of Women in Arts. Artist Nora Turato also unveiled a humorous billboard near the High Line reading 'GIVE US MOM!!!'.

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.

Megadealer Larry Gagosian Is the Subject of Unauthorized Documentary In the Works from Director Barry Avrich

Director Barry Avrich is producing an unauthorized documentary titled "Shadow Man: Inside The Secret World of Larry Gagosian" about the legendary art dealer. The film, confirmed by Avrich via email, promises to feature interviews with former employees and artists sharing insider stories about Gagosian's rise from selling posters on LA streets to running a global gallery empire with 18 locations. Avrich previously directed art-world documentaries including "Made You Look: A True Story About Fake Art" about the Knoedler & Co. forgery scandal and "Blurred Lines: Inside the Art World."

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.

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.

John Chamberlain’s Former Studio Hosts a Star-Studded New Interview Series

The John Chamberlain Estate is launching "ON THE COUCH," a biweekly filmed interview series hosted by estate director Alexandra Fairweather, timed to what would have been the sculptor's 100th birthday. Season one features eight cultural figures including artist Daniel Arsham, architect Annabelle Selldorf, fashion designer Alexander Wang, interior designer Sasha Bikoff, entrepreneur Jon Gray, and painter David Salle. Episodes will be filmed at Chamberlain's former studio on Shelter Island, now a private museum, with guests seated on his iconic foam couches. The series launches May 19 across major streaming platforms.

Memory, Migration, Materiality: 12 Artists to Watch During Alserkal Art Month

Alserkal Art Month (April 18–May 18, 2026) in Dubai features a district-wide initiative of exhibitions and events, anchored by the group show "Déjà Vu" at Concrete, Alserkal Avenue (April 25–May 8). Curated by Kevin Jones, Nada Raza, and Zaina Zaarour, the exhibition brings together over 50 artists from 20 UAE-based galleries, centering on themes of memory, displacement, and cultural inheritance. The article profiles 12 standout artists, including Shahpour Pouyan and Juma Al Haj, whose works translate these tensions into materially inventive and conceptually rigorous practices.

The art world remembers Valie Export, Austrian pioneer of feminist performance art

VALIE EXPORT, the Austrian pioneer of feminist performance art, died on 14 May, three days before her 86th birthday. Her death was confirmed by her representative, Thaddaeus Ropac. Born Waltraud Lehner in Linz in 1940, she developed a radical artistic language centered on the female body, known for works such as *Tap and Touch Cinema* (1968–1971) and *Body Configurations* (1972–1976). Tributes have poured in from artists, writers, and institutions, including the Neue Nationalgalerie in Berlin and the Belvedere Museum in Vienna, where director Stella Rollig noted their ongoing collaboration on the exhibition *Feminist Futures Forever*.

‘I can use it, I can abuse it’: Tony Albert spent decades collecting racist ‘Aboriginalia’. Now he wants to turn yours into art

Tony Albert, a 45-year-old artist of Girramay, Yidinji, and Kuku-Yalanji heritage, has spent decades collecting thousands of objects he terms 'Aboriginalia'—kitsch, caricatured, and often racist depictions of Aboriginal people created by non-Indigenous Australians. His solo exhibition 'Not a Souvenir' opens at the Museum of Contemporary Art (MCA) in Sydney on 21 May, showcasing over 3,000 items from his collection alongside transformed artworks. The MCA is inviting the public to donate additional Aboriginalia items to Albert's collection, which is housed in his Brisbane studio.

‘Learning Exchange: Artists Matter’ Comes to Los Angeles

On Saturday, 2 May 2026, Hauser & Wirth Downtown Los Angeles hosted 'Learning Exchange: Artists Matter,' a gathering focused on how artists can build mentorship pathways, strengthen community partnerships, and expand arts access for young people. The event featured a conversation between Senior Director of Learning Debbie Hillyerd and artist Mark Bradford, who discussed his socially engaged practice, followed by testimonials from two young learners from the nonprofit Culture for One. The program marked the gallery's 10th anniversary of learning programs in Los Angeles and was held alongside the exhibition 'Destiny Is a Rose: The Eileen Harris Norton Collection.'

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.

Paloma Elsesser, Joan Jonas, and Isha Ambani Descended Upon Beacon for a Day at Dia

On a warm spring Saturday, the Dia Art Foundation hosted its annual Spring Benefit at Dia Beacon, drawing a cross-disciplinary crowd of artists, curators, museum leaders, and fashion figures. The event celebrated the opening of seven major exhibitions across the Beacon campus, featuring works by John Chamberlain, Lee Ufan, Kishio Suga, and Jack Whitten, and marked the rollout of a new partnership with Chanel. Guests explored over 20 galleries, enjoyed a seasonal lunch amid Chamberlain's sculptures, and participated in a special children's program, all set within the former Nabisco box-printing factory along the Hudson River.

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.

Does L.A’s Bold New LACMA Museum Work?

The Los Angeles County Museum of Art (LACMA) has debuted a long-awaited new building designed by Swiss architect Peter Zumthor, costing $750 million. The museum opened to the public last month with a gala for the David Geffen Galleries, and its charismatic director Michael Govan promises a new vision for how museums show art and relate to the public. Art critic Carolina Miranda joins Artnet News's Ben Davis to discuss the building's significance, having published her own analysis calling it an instant LA icon.

Zineb Sedira review: A chic ode to revolutionary cinema, brainy boozers – and exceptional berets

Zineb Sedira's exhibition at Tate Britain presents a cinematic and sculptural homage to La Cinémathèque Algérienne, the Algerian film archive founded in 1965 that became a hub for leftist African filmmakers. The show recreates a 1970s Algerian cafe in Paris, complete with a jukebox, books on revolutionary cinema, and a model movie theater screening a documentary about the archive's director, Boudjemaâ Karèche. Sedira, born in Paris to Algerian parents and based in London, weaves personal and political narratives to explore identity, diaspora, and the role of art in social change.

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.

Here’s What You Missed at MoMA PS1’s 50th Birthday Bash

MoMA PS1 held its annual gala on Tuesday night, celebrating the institution's 50th anniversary and honoring founding director Alanna Heiss and former MoMA Director Glenn D. Lowry. More than 500 guests attended the Surrealist-themed event, which featured artistic direction by the fashion and art collective Women’s History Museum, with stilt walkers, custom posters, performances, and DJ sets. Notable attendees included artists Wolfgang Tillmans and Camille Henrot, dealers Jeffrey Deitch, and musicians Swizz Beatz, along with museum leadership and collectors.

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+.

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.

Dear Mary, For Chicago, Sincerely Nathaniel Mary Quinn

The National Public Housing Museum in Chicago opened its doors on April 4, 2025, becoming the only museum in the United States dedicated to the histories of public housing and its residents. Located on the site of the historic Jane Addams Homes, the museum was remodeled by architect Peter Landon and features permanent installations, artist residencies, and temporary exhibitions. Current initiatives include Open Mike Eagle's residency as 'Artist as Instigator,' building on his album 'Brick Body Kids Still Daydream' (2017) about life in Robert Taylor Homes, and the art-glass frieze 'Resilient Hues' by Amanda Williams and Olalekan Jeyifous. The museum is led by executive director Lisa Yun Lee and has earned third place on USA Today's list of 'Best New Museums.'

Fold in these exhibitions during festival season

Spoleto Festival USA and Piccolo Spoleto begin on May 22, and the article highlights a curated selection of visual art exhibitions in Charleston to enjoy alongside the festival's performances. Featured venues include Robert Lange Studios, Corrigan Gallery, Stevenson and Co., Atrium Gallery, Meyer Vogl, Duckworth Gallery, and the Gibbes Museum of Art, which opens "Mary Whyte: Salt of the Earth" and continues "Rodin: All the Truth in Nature." The College of Charleston's Halsey Institute of Contemporary Art, under new director Michael Dickins, presents "Make Room" by In Kyoung Chun and another exhibition through July 25.

Art in Chicago: A Guide for Collectors, Curators and the Curious

This article introduces a comprehensive guide to Chicago's art world, published by a local outlet. The guide features multiple sections exploring the city's art history, key institutions, and lesser-known venues, including feature stories on the Hyde Park Art Center, the Arts Club of Chicago, the National Museum of Mexican Art, the South Side Community Art Center, the Renaissance Society, and the School of the Art Institute of Chicago. It also includes a massive 22-page "Art Geography" directory of museums, nonprofits, galleries, and alternative spaces, written by seasoned art critics. The editor, Brian Hieggelke, acknowledges the daunting task of covering a hometown art scene after forty years, but aims to provide both a resource for newcomers and fresh insights for longtime locals.