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florentine diamond habsburg canada

A 137-carat diamond known as the Florentine Diamond, once owned by the Medici and Habsburg families and long believed lost, has been revealed to have been hidden in a bank vault in Canada for decades. The Habsburg family secreted the gem during World War II and kept its location secret for 100 years, as requested by Empress Zita after her husband Charles I's death in 1922. Three Habsburg descendants recently invited The New York Times to view the diamond and expressed interest in exhibiting it in a Canadian museum, though they have no plans to sell it.

us antiques and decorative arts hit hard by trump tariffs

Import tariffs imposed by the Trump administration on October 14 are causing unintended harm to the international trade of antiques and decorative arts. The executive order, signed on September 29, placed 25 percent tariffs on wood imports and products like upholstered furniture and kitchen cabinets, with further increases scheduled for January 1, 2026. While painting, sculpture, and fine art are exempt under the 1977 International Emergency Economic Powers Act, collectibles such as antique furniture, watches, wine, and classic cars are not protected. Dealers like Millicent Ford Creech and Michael Pashby report that the costs are unpredictable and largely absorbed by businesses, with shippers struggling to quote rates amid constant fluctuations.

pemberton asset management buys bonhams from private equity firm epirus for undisclosed sum

Pemberton Asset Management, a European private credit manager backed by Legal & General, has acquired the auction house Bonhams from private equity firm Epiris for an undisclosed sum. The acquisition led to the departure of Bonhams's global CEO Chabi Nouri and chief commercial officer Céline Assimon, with a new senior leadership team appointed including Seth Johnson as CEO, Liese Thomas as CFO, and Jennifer Babington as COO. Bonhams chairman Hans-Kristian Hoejsgaard will remain in his role, while Chris Ellerker and Mohit Agarwal from Pemberton join the board.

trump demolishes east wing of the white house

President Donald Trump has demolished a portion of the East Wing of the White House to build a 90,000-square-foot ballroom, despite earlier claims that the addition would not impact the historic structure. The demolition began on October 20, with a backhoe tearing through the East Wing to make way for a ballroom that will nearly double the size of the main building and accommodate 650 people. The $250 million project, which Trump says is privately funded, marks one of the most significant changes to the White House in over a century.

christies jonathan burden decorative arts auction results

Christie's online sale of decorative arts from the collection of Jonathan Burden, titled 'Crafted and Collected: The Jonathan Burden Sale,' achieved over $1.07 million with fees, more than doubling the low estimate of $487,500. The sale featured 151 lots, with only five unsold, a 97% sell-through rate. The top lot was a 10-foot-long French Incarnat Turquin marble dining table that sold for $101,600, far exceeding its $30,000 high estimate. The auction employed an innovative 'in-situ' viewing at Burden's studio in Long Island City, where potential bidders could meet the dealer, hear stories, and see pieces demonstrated. Many items sold for multiples of their estimates, including a Victorian metamorphic chair that brought $27,940 against a $3,000 high estimate.

ancient egyptian iconography roman bathhouse sagalassos turkey

Archaeologists have identified ancient Egyptian iconography on a marble lintel in a Roman-era bathhouse at Sagalassos, Turkey. The carving depicts the sphinx god Tutu, flanked by two human figures wearing the crowns of Upper and Lower Egypt, along with deities Horus and Sobek. Dating to the reign of Emperor Augustus (27 BCE–14 CE), the panel was found in the frigidarium and was sourced from marble quarried over 124 miles away in the Afyonkarahisar region.

lawsuit dismissed yuga labs bored ape yacht club nfts howey

A federal judge dismissed a class action lawsuit against Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, ruling that its digital assets—including Bored Ape NFTs and ApeCoin—do not qualify as securities under the Howey test. Plaintiffs Adonis Real and Adam Titcher had alleged that Yuga Labs colluded with celebrities like Justin Bieber, Madonna, and Steph Curry, as well as talent agent Guy Oseary and crypto platform MoonPay, to inflate prices and violate securities laws. Judge Fernando Olguin found that while the plaintiffs satisfied one prong of the Howey test—expectation of profits from others' efforts—they failed to meet the other requirements, leading to the dismissal.

statue egypt saqqara archaeology grave robbers

Archaeologists working at the Gisr el-Mudir enclosure in Saqqara, Egypt, discovered an unusual limestone statue left behind by grave robbers. Unearthed in 2021 but detailed only recently by Zahi Hawass and Sarah Abdoh in the Journal of Egyptian Archaeology, the statue depicts a nobleman, his wife, and their young daughter. The daughter is carved in bas-relief rather than fully in the round, a stylistic departure from typical Old Kingdom family statuary.

red hook warehouse fire artist studios

A fire broke out late Wednesday in a 19th-century warehouse at 481 Van Brunt Street in Red Hook, Brooklyn, destroying dozens of artist studios and damaging the building's roof and fourth floor. Over 250 FDNY members battled the blaze for more than seven hours, with two firefighters sustaining minor injuries. The warehouse housed a large artist cooperative, woodshops, furniture makers, and small businesses, and many artists lost work prepared for the upcoming Red Hook Open Studios event.

neuehouse files bankruptcy shutters locations

NeueHouse, a high-end coworking space known for hosting art events, filed for Chapter 7 bankruptcy to liquidate its assets and closed all its locations on September 5. The company cited legacy liabilities as the reason for its demise, though specific debts remain unclear. NeueHouse had locations in New York, Hollywood, and Venice Beach, and was a hub for the art, fashion, media, and entertainment industries, cohosting events with ARTnews sister publication Art in America and Artnet.

art collection featuring snoop doggs smoked blunts fetches 148k at auction

Snoop Dogg's art collection, titled 'Ashes to Art,' sold for $148,100 at auction. The top lot, 'Snoop Doggy Dogg Genesis Burn,' featuring the rapper's signed and burned 1993 LAPD mugshot with a partially smoked blunt, fetched $70,000. Other works included 'DoggyStyle Decoded' with an original CD and joint tip, which sold for $16,500. The seven original pieces were created in collaboration with artist Erica Kovitz and coated in epoxy and marijuana resin.

phillips auction house new priority bidding structure

Phillips auction house will launch a new "priority bidding" fee structure this September, offering a lower buyer's premium rate to bidders who place a binding written bid at least 48 hours before a live auction, provided the bid meets or exceeds the lot's low estimate. The standard buyer's premium will remain at 29/22/15 percent for New York sales, while priority bidding rates drop to 25/20/14 percent. The policy applies to live auctions across New York, London, Hong Kong, Geneva, and Paris, but excludes watch auctions and timed online-only sales.

volord kingdom art collection

Artist Walter Paul Bebirian discusses the Volord Kingdom Art Collection, a vast and growing trove of hundreds of thousands of digital artworks he has created over decades. In an interview with Artnet News, Bebirian recounts significant personal challenges since 2022, including a stroke in April 2023 that led to rheumatoid arthritis, limiting his mobility and forcing a hiatus from his practice. He lowered his prices to make his art more affordable and gradually resumed work despite physical difficulties. The collection, born from a need to unify his oeuvre and create a generative artistic world, blends abstraction and representation, photography and digital imagination.

remnants enaissance equestrian statue french dig

Archaeologists from INRAP (the National Institute of Preventive Archaeological Research) have unearthed a Renaissance-era limestone equestrian statue in Toul, northeastern France. The statue, broken into 27 pieces, was found buried under a roadway among the remains of a medieval gate demolished around 1700. The largest fragment measures about three-and-a-half feet, and the intact work would have stood over five feet high. The horse's trunk and head are preserved, along with the rider's hips and upper thighs, but the rider's head and limbs are missing, making identification uncertain. INRAP suggests the rider may have been Henry II, King of France, or more likely John III of Lorraine, Cardinal of Lorraine and Bishop of Toul, and that Italian artists may have been involved in its creation.

germany colonial restitution conduct

Germany's culture minister Monika Grütters has released a 130-page code of conduct for museums, titled "Guide to Dealing With Collection Goods From Colonial Contexts," which outlines methods for identifying and confronting colonial-era artifacts in German collections. The guidelines, published by the German Association of Museums, include best practices for provenance research, a list of former and current colonies, and alternatives to full restitution such as long-term loans and joint custody agreements. The release coincides with the Prussian Cultural Heritage Foundation's official ceremony returning nine artifacts to Indigenous Alaskan communities, and follows increased pressure from public outcry over the Humboldt Forum and similar restitution efforts by French president Emmanuel Macron.

phillip hoffman ed dolman patti wong consultancy new perspectives

A group of high-profile art market veterans—Ed Dolman, Alex Dolman, Brett Gorvy, Philip Hoffman, and Patti Wong—have launched a new collaborative consultancy called New Perspectives Art Partners (NPAP). Unlike traditional advisory firms, NPAP operates on a flexible, project-based model where partners retain their existing roles and assemble only for high-level, specialized challenges. The consultancy aims to advise collectors, fiduciaries, and family offices on managing, growing, or dispersing significant collections, leveraging the partners' deep experience across auction houses, galleries, institutions, and advisory, with a global footprint spanning Hong Kong to Doha.

justin allen new language wendys subway

Justin Allen celebrated the launch of his debut book *Language Arts* (2024), published by Wendy’s Subway, with a live reading at Performance Space in New York’s Lower East Side. The book merges music, dance, performance, and language, including a poem "140 BPM" that recreates nights at Bushwick’s Bossa Nova Civic Club. Allen, who grew up in Northern Virginia and moved to New York City, draws on influences from experimental punk, indie sleaze artists like Santigold and M.I.A., and his own invented language, Hatnahans, to craft a work that blends leftist critique with speculative fiction and club culture.

murujuga rock art woodside gas unesco concerns

Australian politicians are pushing back against UNESCO's concerns that ancient rock art in Murujuga, Western Australia, is endangered by the proposed expansion of the Karratha Gas Plant, operated by Woodside Energy. The site contains up to 1 million petroglyphs, some dating back 47,000 years, and UNESCO's advisory body ICOMOS has warned that industrial emissions are a major threat. Australia's environmental minister Murray Watt has disputed ICOMOS's findings, calling them factually inaccurate, while Woodside claims the expansion will help transition away from coal and achieve net zero by 2050.

bayeux tapestry 93 penises offer clues

The article examines historian George Garnett's analysis of the 93 penises depicted in the Bayeux Tapestry, a 225-foot-long embroidery chronicling the Norman conquest of England in 1066. Garnett, a professor of Medieval history at Oxford University, argues that the size and placement of these genitalia—88 on horses and five on men—offer clues about the tapestry's meaning. He notes that the largest equine phallus belongs to Duke William's stallion, followed by those of Harold Godwinson and Odo of Bayeux, suggesting a hierarchy of importance. More significantly, Garnett interprets four penises attached to men in the tapestry's border as references to Aesop's fables, indicating themes of deceit, shame, and illicit sex, which he believes challenge the traditional attribution of the tapestry's commission to Odo of Bayeux.

institute of museum and library services restraining order overturned

A federal judge has declined to extend a temporary restraining order that would have prevented the Trump administration from dismantling the Institute of Museum and Library Services (IMLS). The ruling, issued on Friday, allows the administration to proceed with mass layoffs and budget cuts that have already placed the agency's entire 75-person staff on leave. The IMLS, which distributes federal grants to museums and libraries nationwide, was targeted by the Department of Government Efficiency (DOGE) in April. The case, ALA v. Sonderling, was brought by the American Library Association and AFSCME, and will continue in the U.S. District Court for the District of Columbia.

eu import regulations

The European Union's Regulation 2019/880, aimed at combating illicit trafficking and terrorism, will take effect on June 28, imposing stricter import controls on antiquities and artworks over 200 years old and valued above €18,000 ($19,500). The regulation requires importers to provide evidence that an object was lawfully exported from its country of origin, even for items exported decades ago when such documentation was not required. This reverses the presumption of innocence, placing the burden of proof on importers. Dealers and experts express concern that the rules are not based on market realities, as importers must be registered within the E.U., forcing non-E.U. dealers to rely on third-party agents or shippers. The regulation also poses challenges for ancient objects, where borders and export controls may be historically ambiguous.

peru halves protected area near nazca lines

Peru's Culture Ministry has reduced the protected area surrounding the Nazca Lines by nearly half, from approximately 2,162 square miles to 1,235 square miles. The move shrinks the Nazca Archaeological Reserve, a UNESCO World Heritage Site, and archaeologists warn it could expose the ancient geoglyphs to exploitation by informal miners seeking to legitimize their operations amid a global surge in precious metal prices.

nazca lines reduced reserve plan

Peru’s Ministry of Culture has announced a plan to shrink the Nazca Lines and Geoglyphs Archaeological Reserve from 2,175 square miles to 1,236 square miles—a reduction of more than 40 percent. The decision, formalized in a May 28 resolution, has drawn sharp criticism from archaeologists, environmentalists, and former officials, who argue it removes protections from areas where informal mining is expanding. Vice Minister Moira Novoa Silva cited economic development and community participation as motivations, but critics say the move violates Peru’s environmental impact assessment law and could damage the UNESCO World Heritage site.

venice biennale koyo kouoh 2026 in minor keys

The Venice Biennale will proceed with its 2026 edition despite the unexpected death of its curator, Koyo Kouoh, earlier this month. The Biennale announced on Tuesday that it will realize Kouoh's exhibition, titled "In Minor Keys," which she had already begun planning before her passing. Kouoh had selected artists, developed commissions, and established the central concept. The show will be carried forward by a team of five advisers she personally chose: curators Gabe Beckhurst Feijoo, Marie Helene Pereira, and Rasha Salti; critic Siddartha Mitter as editor; and Rory Tsapayi as assistant. The exhibition remains scheduled to open on May 9, 2026, with the full support of Kouoh's family.

president zelenskyy gives pope leo ukrainian icon

Ukrainian President Volodymyr Zelenskyy presented Pope Leo XIV with a Ukrainian religious icon painted on a fragment of an artillery crate from the front lines in the Kharkiv region, following the Pope's inaugural Mass on May 18, 2025. Zelenskyy described the icon, depicting the Virgin Mary and child, as a symbol of life that must be protected, referencing children affected by Russia's invasion. The meeting in Vatican City also included discussions about peace talks, with the Pope offering to host negotiations between Ukraine and Russia.

who took famous napalm girl photo

A documentary film titled *The Stringer* has sparked a controversy over the authorship of the iconic 1972 Vietnam War photograph known as "Napalm Girl" (officially *The Terror of War*). Both the Associated Press and World Press Photo conducted investigations into whether the credited photographer, Nick Ut, actually took the image. While the AP decided to maintain Ut's credit due to insufficient evidence to the contrary, World Press Photo stripped his authorship, concluding that the level of doubt is too significant to keep the existing attribution. The organization found that two other photographers—Nguyen Thanh Nghe and Huỳnh Công Phúc—were also present and could have taken the shot, but it could not definitively reassign authorship.

lawmakers probe executive order targeting museum content

A group of 71 House Democrats, led by Representatives Ayanna Pressley and Paul Tonko, is urging the Smithsonian Institution's inspector general to investigate Executive Order 14253, issued by President Donald Trump in March 2025. The order mandates the removal of exhibits and materials deemed "divisive" or promoting "race-centered ideology" from federally funded museums, including the Smithsonian. The lawmakers argue that the directive threatens the Smithsonian's congressionally mandated independence and could breach federal law, as the institution is expected to remain nonpartisan and free from political interference.

art market minute may 5

The article reports that at the 100-day mark of Trump's second presidency, his economic policies—particularly tariffs—are disrupting the art world. While artworks remain exempt, antiques and design objects are not, causing concern for dealers, including those preparing for Tefaf New York. Changes to de minimis rules have lowered the customs processing threshold from $2,500 to $800, triggering widespread shipping delays. Additionally, Frieze has been sold to Hollywood powerbroker Ari Emanuel, and auction veteran Alex Rotter has been tapped as Christie's new global president.

institute of museum and library services shutdown stopped in federal court

A federal court issued a temporary restraining order blocking the Trump Administration's dismantling of the Institute of Museum and Library Services (IMLS). The order came in response to a lawsuit filed by the American Library Association (ALA) and the American Federation of State, County and Municipal Employees (AFSCME), who sought to prevent the Department of Government Efficiency (DOGE) from laying off nearly all of IMLS's 75-person staff. The layoffs were scheduled to take effect on May 4, 2025, following an executive order by President Trump that deemed IMLS "unnecessary."

frieze sale ari emanuel

Endeavor Group Holdings has sold Frieze, the company behind the influential art magazine and several international art fairs, to a new company formed by former Endeavor CEO Ari Emanuel. The deal, valued at nearly $200 million, is expected to close by the third quarter of this year. Frieze's current leadership, including CEO Simon Fox, will remain in place. The sale follows Endeavor's full privatization by Silver Lake and marks the end of a long-rumored ownership transition. Notably, two tennis tournaments initially bundled in the negotiations—Miami Open and Madrid Open—are not included in this deal.