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 Artists Who Ruled the Biennial Circuit Over the Last Four Years

Artnet News critic Ben Davis analyzed 130 recurring global art events—including biennials and triennials—that opened between the 2022 and 2026 Venice Biennales, tallying over 15,000 participating artists. He identified the most frequently featured artists, with Nolan Oswald Dennis topping the list at 14 biennial appearances. Dennis, a South Africa-based artist born in Lusaka, is known for works like "Black Liberation Zodiac" (2017-ongoing) and was included in the 2026 Venice Biennale curated by the late Koyo Kouoh.

paint drippings art industry news nov 14

This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.

why bailly gallery is betting big on paris

Bailly Gallery, a Geneva-based gallery founded in 2007 by Charly and Hanna Bailly with family roots in the art business since 1977, is expanding its presence in Paris by opening a full public gallery space after operating a private showroom there for several years. The new location, which took five years to find, includes both a public exhibition area and two private showrooms designed like apartments, allowing collectors to view works in a domestic setting. The gallery is known for its expertise in Impressionist, Modern, and Postwar art and design.

el greco paint drippings art industry news jun 20

This week's art industry roundup covers a range of developments: a new wave of younger, deliberate collectors is reshaping the art market, as reported from Art Basel; the Independent art fair will relocate to Pier 36 in New York in 2026; Riga Contemporary, a new fair, launches in Latvia; and the inaugural Arrival art fair took place in North Adams, Massachusetts. In auctions, seven never-before-seen Picasso ceramic plates sold in Geneva for nearly double their estimate, while a Giacometti sculpture made the top 10 sales list. Galleries news includes Nara Roesler now representing Asuka Anastasia Ogawa, a new gallery called Open Studio opening in New York, and Andrew Edlin Gallery relocating. In museums, a government watchdog found the Trump Administration broke the law by withholding funding for the Institute of Museum and Library Services, and UC Irvine and the Orange County Museum of Art plan to merge. A legal battle over an El Greco painting withdrawn from Christie's auction is advancing, with the owner revealed as Russian billionaire Dmitry Rybolovlev.

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

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.

post fair 2026 santa monica exhibitors

Post-Fair will return to Santa Monica from February 26–28 for its second edition, bringing 30 galleries and 31 total exhibitors to the Art Deco former post office that helped define its identity. Founded by Los Angeles dealer Chris Sharp, the fair debuted last year as a low-cost alternative to Los Angeles's expensive fair scene, offering single-artist presentations at a flat fee. This year's edition expands internationally with new participants from Europe and Asia, including Edouard Montassut (Paris), Lovay Fine Arts (Geneva), MISAKO&ROSEN (Tokyo), and P21 (Seoul), alongside additions like Anton Kern (New York), Eli Kerr (Montreal), and White Columns.

Phillips’ $115.2 Million Evening Sale Was a Testament to the Power of Pre-Planning and Priority Bidding

Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.

Venice Biennale’s 2026 Golden Lion Jury to Be Led by Videobrasil Founder

The Venice Biennale has announced the five-member jury for its 2026 edition, which will award the prestigious Golden Lion prizes. The jury president is Solange Oliveira Farkas, founder of the Videobrasil Biennial, and she will be joined by curators and academics Zoe Butt, Elvira Dyangani Ose, Marta Kuzma, and Giovanna Zapperi.

roberta smith interviews larry gagosian

Roberta Smith, the former New York Times co-chief art critic, interviews Larry Gagosian, the world's most famous art dealer, for Numero magazine. The conversation covers Gagosian's hands-on management of his 18 galleries, his admission of mistakes in closing locations in San Francisco and Geneva, and his view of his galleries as tryout spaces akin to off-Broadway. Gagosian shares anecdotes about his first Picasso purchase at Sotheby's for $900,000 (now worth $40 million), his early shows featuring David Salle and Warhol's Oxidation paintings, and his regret over selling Eli Broad's Basquiat skull painting for $80,000. Smith recalls attending Gagosian's first New York show in the 1970s, and the two reflect on their long, distant acquaintance.

rosa barba moma times square moynihan

Rosa Barba's exhibition "The Ocean of One's Pause" at the Museum of Modern Art in New York surveys 15 years of her work, featuring over a dozen cinematic sculptures arranged as a single installation. Central to the show is her latest 25-minute film *Charge* (2025), co-commissioned by MoMA and the Vega Foundation, shot at CERN in Geneva. The film will also screen at Moynihan Train Hall and in Times Square as part of the "Midnight Moment" program throughout July. Barba transforms a black box gallery into a cello-like space, with long wires and film projectors creating a celluloid symphony through mechanical clicks and analog apparatuses.

howard castle completes restoration

Castle Howard, the historic North Yorkshire estate known for its role in Netflix's *Bridgerton* and the 1981 film *Brideshead Revisited*, is reopening to the public after major restoration work. The centerpiece is the tapestry drawing room, which had stood as an empty shell since a 1940 fire devastated much of the house. The room has been fully reconstructed with a new ceiling, floor, fireplace, paneling, and window casings, overseen by architect Francis Terry. Four 18th-century tapestries by John Vanderbank, depicting the seasons, have been restored and reinstalled in their original locations for the first time since the early 1700s. The restoration also prompted a rehang of the Long Gallery and a reimagining of the grand staircase, which now displays artifacts collected by the earls of Carlisle.

parties miami art week social playbook fashion culture nightlife

Cultured's 'Parties Miami Art Week Social Playbook' provides a curated guide to the social and cultural events surrounding Miami Art Week 2024. It lists key art fairs including NADA (Dec. 2-6), Untitled Art (Dec. 3-7), Satellite Art Show (Dec. 4-7), and the Open Invitational (Dec. 1-6), alongside parties, fashion collaborations, and talks. Highlights include a Jimmy Choo installation with Harry Nuriev, a fireside chat with ECOLOGIES moderated by Julia Halperin, and a celebration at MOCA North Miami featuring artists Hiba Schahbaz, Diana Eusebio, and Magnus Sodamin.

Frieze New York will Open With 68 Galleries from 26 Countries, and Other News.

Frieze New York will open on May 13, 2026, at The Shed with 68 galleries from 26 countries, marking its 15th edition. The fair emphasizes Central and South American galleries, supported by new committee members Fátima González and Omayra Alvarado, alongside blue-chip exhibitors like Gagosian, Hauser & Wirth, and Pace. In other news, Phillips set a watch auction record with its $96.3 million Geneva sale, the Met Gala generated $1.56 billion in media value, and ICFF announced a November 2027 edition. Tiffany & Co. and the CFDA launched a new jewelry design scholarship.

Miami Art Week 2025: Your Essential Guide to the Fairs, Exhibits, and Chaos

Miami Art Week 2025 takes place December 2-7, transforming Miami Beach and Wynwood into a sprawling art hub anchored by Art Basel Miami Beach, which features 281 galleries from 43 countries. The week includes over a dozen major fairs such as SCOPE, NADA, UNTITLED, and Pinta, alongside off-program events like street art battles at the Museum of Graffiti, a collaborative mural by RETNA and El Mac at Wynwood Walls, and David LaChapelle's world premieres at VISU Contemporary. The event follows record-breaking New York auctions totaling over $1.5 billion, including a $236 million Gustav Klimt and a $55 million Frida Kahlo.

Ancient Gaza artefacts meet contemporary Palestinian stories in Turin exhibition

A new exhibition in Turin, Italy, titled "Gaza, The Future Has an Ancient Heart," brings together over 80 ancient artefacts from Palestine with contemporary works by Levantine artists. Organized by Fondazione Merz in collaboration with the Egizio archaeology museum and the MAH – Museum of Art and History Geneva, the show features objects dating from the Bronze Age to the Ottoman period, originally intended for a museum in Palestine but held in Geneva since 2007 due to conflict. Contemporary artists including Mirna Bamieh, Samaa Emad, Khalil Rabah, Vivien Sansour, Wael Shawky, Dima Srouji, and Akram Zaatari contribute works that explore archaeology, history, and memory, with Emad's "Genocide Kitchen" documenting recipes created amid war and shortages in Gaza.

In Geneva, John M Armleder’s Stunning Lesson in Art History

À Genève, la renversante leçon d’histoire de l’art de John M Armleder

The Musée d’Art et d’Histoire (MAH) in Geneva has unveiled its sixth "carte blanche" exhibition, curated by the influential Swiss artist John M Armleder. Following in the footsteps of figures like Ugo Rondinone and Wim Delvoye, Armleder was invited by museum director Marc-Olivier Wahler to mine the institution's vast collection of 800,000 objects. The resulting show defies traditional museum hierarchies by juxtaposing fine art with decorative objects, such as silver-topped corks and musical instruments, alongside Armleder's own prolific output of multiples.

A Rare Blue-Green Diamond Ring Sold for Over $17 M. At Christie’s Geneva

A rare 5.5-carat blue-green diamond ring, named Ocean Dream, sold for over $17 million at Christie’s Magnificent Jewels auction in Zurich on May 13, 2026. The triangular-cut stone, estimated at $9–12 million, is set in an 18-karat white gold band with pink and white diamonds. The buyer was an unnamed private client, and the ring took 20 minutes to sell. It had previously fetched nearly $10 million at Christie’s Geneva in 2014.

the met taps 3 international craftmakers for new artisan residency

The Metropolitan Museum of Art and Swiss luxury watchmaker Vacheron Constantin have announced the inaugural class of their new Artisan Residency, an 18-month program aimed at nurturing traditional craft techniques while encouraging contemporary innovation. The first cohort includes American furniture maker Aspen Golann, Egyptian ceramicist Ibrahim Said, and Italian jeweler Joy Harvey, selected from a worldwide open call. The artisans will study The Met's collections and work with Vacheron Constantin's master craftsmen in New York and Geneva, with a public presentation of their completed works planned for 2026.

Venice Golden Lion jury won’t consider Russian and Israeli pavilions

The jury for the Golden and Silver Lion awards at the 61st Venice Biennale has announced it will not consider the national pavilions of any country whose leaders are currently charged with crimes against humanity by the International Criminal Court. This decision specifically excludes Russia, whose president Vladimir Putin is charged with unlawful deportation of Ukrainian children, and Israel, whose prime minister Benjamin Netanyahu is charged with targeting Palestinian civilians and using starvation as a weapon. The jury, presided over by Solange Oliveira Farkas and including Zoe Butt, Elvira Dyangani Ose, Marta Kuzma, and Giovanna Zapperi, issued a full statement explaining their commitment to human rights and alignment with the curatorial vision of the late Koyo Kouoh.

In Lugano, there are 5 exhibitions dedicated to the Orient to discover around the city

A Lugano ci sono 5 mostre dedicate all’Oriente da scoprire in giro per la città

Five exhibitions dedicated to East Asian art are currently on view across Lugano, Switzerland. Four are housed in the city's two major museums, MASI and MUSEC, while the fifth is presented by Primo Marella Gallery. The shows feature a range of works, from historical Japanese kakemono scrolls and screens to contemporary art by Chinese artists Zhang Hong Mei and He Wei, and a survey of video art from South Korea.

konstantina krikzoni armatura

Konstantina Krikzoni's solo exhibition "ARMATURA" at L'Appartement in Geneva presents a new suite of paintings born from a period of intense solitude. The works explore painting as a medium for self-expression, using the metaphor of an armature—the metal framework that supports sculptures—to represent an inner structure of fortification, endurance, and survival. The paintings feature elusive female figures and landscapes rendered with delicate layers of pigment, evoking ancient myths and goddesses, with works like *Warrior I* (2025), *L.K. I Killed the Pink* (2025), and the titular *Armatura* (2025) conveying emotional rawness and psychological drama.

"The Palestine Pavilion Exists, and It's in Turin": Interview on the Exhibition Dedicated to the History of Gaza at the Merz Foundation

“Il Padiglione della Palestina esiste, ed è a Torino”. Intervista sulla mostra dedicata alla storia di Gaza alla Fondazione Merz

The Merz Foundation in Turin is hosting the exhibition 'Gaza, il futuro ha un cuore antico. Materie e memorie del Mediterraneo' (Gaza, the future has an ancient heart. Matters and memories of the Mediterranean). The show, created in collaboration with the Egyptian Museum and the MAH – Musée d’art et d’histoire in Geneva, juxtaposes ancient archaeological artifacts from Gaza with contemporary artworks. It aims to present Gaza's history as a Mediterranean crossroads, moving beyond its current wartime representation. The exhibition features artifacts from a collection of about 500 pieces, temporarily held in Geneva, alongside works by contemporary artists like Samaa Emad, Mirna Bamieh, and Wael Shawky.

switzerland reject inheritance tax billionaires collectors

Swiss voters overwhelmingly rejected a proposed inheritance tax on Sunday, with 78% voting no. The tax, introduced by the Social Democrats, would have applied a 50% rate to inheritances and gifts exceeding 50 million Swiss francs (about $62.3 million). Billionaire Peter Spuhler threatened to leave the country if the tax passed, and Swiss wealth managers warned that other ultra-wealthy individuals would follow, citing their mobility and options to optimize taxes.

christies sothebys auction houses luxury fashion art

Auction houses Christie's, Sotheby's, and Phillips are increasingly relying on luxury goods—such as handbags, jewelry, wine, and whiskey—to offset a sharp decline in fine art sales. Fine art sales at these houses fell 44% in the first half of 2025 compared to 2022, creating a roughly $3 billion gap. Luxury sales have surged to a 20.2% market share by value in 2025, with Christie's reporting a 30% rise in luxury sales to $468 million in the first half of 2025, and Sotheby's luxury sales topping $2 billion for three consecutive years. Notable sales include a record $10 million Hermès Birkin bag and a $72 million jewelry auction in Geneva.

maura brewer money laundering art

Maura Brewer, a Los Angeles-based artist and academic, creates video works that expose the role of art in money laundering. Her 2021 piece *Private Client Services* demonstrates the laundering process, while *Offshore* (2024) serves as a satirical guide for artists navigating global finance, featuring locations like the Cayman Islands and Geneva Freeport. Her ongoing project *Leverage* examines art-backed loans through the case of collector Daniel Sundheim. Brewer also works as a private investigator and recently lost her home in the Eaton Fire.

picasso ceramics studio reopens

Pablo Picasso's former ceramics studio, the Madoura Pottery workshop in Vallauris, France, is set to reopen to the public in 2027 after a €7 million ($8.2 million) renovation. The studio, opened in 1938 by ceramicist Suzanne Ramié and her husband Georges, was a creative hub for Picasso, Matisse, and Marc Chagall before closing in 1997. Mayor Kevin Luciano has led the project, which includes structural repairs, asbestos removal, a new 3,000-square-foot extension for a museum entrance, and a 20,000-square-foot public garden. The first construction phase is complete, with the second starting this fall.

marie antoinette pink diamond christies

A 10.38-carat fancy purple-pink diamond known as the Marie-Thérèse diamond, linked to Marie Antoinette's only surviving child, sold for $14 million at Christie's New York on June 17, far exceeding its $3–5 million estimate. The jewel, reworked by Joel Arthur Rosenthal into a ring with a fleur-de-lis motif, was originally part of a tiara and passed through generations of European royalty before being sold at Sotheby's Geneva in 1996. The auction also featured the Blue Belle, a sapphire necklace estimated at $8–12 million.

picasso ceramics auction geneva

A rare collection of seven unique Picasso ceramics, hand-painted between 1947 and 1964 at the Madoura Pottery Workshop in Vallauris, France, will be auctioned at Piguet in Geneva on Thursday. The pieces, including plates and platters featuring animals and motifs from Picasso's oeuvre, have been in private hands for nearly 40 years after being gifted from the Picasso estate to a friend in the 1980s. Estimates range from 20,000 to 50,000 Swiss francs, with a pigeon platter expected to fetch the highest price. Two additional works on paper by Picasso from the same owner are also included in the sale.