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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.

Artist Trevor Paglen Will Curate the Swiss Edition of Art Basel’s Digital Art Sector

Artist Trevor Paglen will curate the third edition of "Zero 10," Art Basel's digital art sector, at the fair's Swiss edition from June 17–21. Major galleries including Marian Goodman, Hauser and Wirth, and Almine Rech will present works by artists such as John Gerrard, Agnieszka Kurant, Avery Singer, and Hito Steyerl. Paglen co-curates with digital art strategist Eli Scheinman, and the presentation, titled "The Condition," surveys seven decades of instruction-based and computational art, featuring pioneers like Vera Molnár, Mary Ellen Bute, Ted Nemeth, and Ben F. Laposky alongside contemporary stars.

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.

Time Magazine’s 100 Most Influential List Includes Artist Cao Fei and Photojournalist Lynsey Addario

Time magazine has named artist Cao Fei and photojournalist Lynsey Addario to its 2026 list of the 100 most influential people in the world. Cao Fei is recognized for her multidisciplinary work exploring digital technology and modernity, while Addario is honored for her decades of courageous reporting from global conflict zones, including her Pulitzer Prize-winning coverage of the war in Ukraine. The list also acknowledges prominent art patrons Susan and Michael Dell.

What does winning an arts prize really mean?

The article examines the history and impact of major art prizes, including the Turner Prize (established 1984), the John Moores Painting Prize (nearly 70 years old), and the Loewe Foundation Craft Prize (annual award). It traces the origins of art prizes back to 19th-century Paris salons and highlights how these awards provide cash, recognition, and career acceleration for artists. Specific examples include Rose Wylie, who won the John Moores Prize at age 80 and later joined David Zwirner and secured a Royal Academy solo show, and Samuel Ross, who used his Hublot Design Prize winnings to start his own company.

Taiwan revokes Sakuliu Pavavaljung’s National Award for Arts

Taiwan’s National Culture and Arts Foundation has revoked the National Award for Arts granted to artist Sakuliu Pavavaljung in 2018, ordering him to return the NTD 1 million prize. The revocation follows a Supreme Court ruling on 1 April that upheld a January 2025 conviction by the Pingtung District Court, which found the artist guilty of rape and sentenced him to four years and six months in prison.

Rene Matić wins 2026 Deutsche Börse Photography Foundation Prize

Rene Matić has won the 2026 Deutsche Börse Photography Foundation Prize, becoming the first British winner in over a decade. The announcement was made at The Photographers’ Gallery in London on May 14, 2025, where Matić received £30,000 for their exhibition *AS OPPOSED TO THE TRUTH*, which uses photography, installation, and sound to explore identity and belonging. Matić was nominated for the show at the Center for Contemporary Arts Berlin (CCA Berlin) and is also a recent Turner Prize nominee. The prize exhibition runs at The Photographers’ Gallery until June 7, alongside works by fellow shortlisted artists Jane Evelyn Atwood, Weronika Gęsicka, and Amak Mahmoodian.

Mounting Rene Matić’s snapshots in Perspex isn’t really enough to make them interesting | Charlotte Jansen

Rene Matić, at 29, became the youngest winner of the £30,000 Deutsche Börse Photography Foundation prize, nominated for their solo exhibition "As Opposed to the Truth" at CCA Berlin. A smaller version of that show is now at the Photographers’ Gallery in London. Matić was also the youngest Turner Prize nominee last year. The article critiques Matić's work, praising their 2022 piece "Upon This Rock" for exploring masculinity, fatherhood, and British identity, but dismissing much of their other output—like the snapshot installation "Feelings Wheel"—as immature, mediocre, and reliant on display gimmicks rather than photographic substance.

Best new awards & arts prize winners: November 2025

The article reports on several major arts and literary prize winners announced in November 2025. Swedish photographer Martina Holmberg won the £15,000 Taylor Wessing Photo Portrait Prize for her portrait 'Mel,' with other prizes awarded to Luan Davide Gray, Byron Mohammad Hamzah, and Hollie Fernando. Australian author Helen Garner won the Baillie Gifford Prize for Non-Fiction for 'How to End a Story.' The Forward Poetry Prizes named joint winners Vidyan Ravinthiran and Karen Solie for best collection, while Bogdan Ablozhnyy received the Camden Art Centre Emerging Artist Award. Historian Sunil Amrith won the British Academy Book Prize for 'The Burning Earth,' and the Women's Prize for Playwriting announced its longlist.