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.

Maurizio Cattelan Opens Up About Sin, Silence, and Stealing: ‘I’m Guilty Too’

Italian artist Maurizio Cattelan directed the Renaissance Society’s annual benefit gala, titled "The Silent Party!", held at the Chicago Athletic Club during the week of Expo Chicago. The event subverted traditional gala expectations by requiring guests to remain silent for two hours, communicating only via handwritten notes while navigating a labyrinth of performances. The evening featured contributions from artists including Jacob Ryan Renolds, Davide Balula, and Isabelle Frances McGuire, culminating in a dinner that raised approximately $600,000 for the non-profit institution.

Outgoing MCA Chicago Director Madeleine Grynsztejn Offers the Consummate Insider’s Guide to the Windy City

paint drippings art industry news feb 2 spanish dealers

A series of significant developments occurred across the global art industry this week. Expo Chicago announced a scaled-back edition under new director Kate Sierzputowski, while the Outsider Art Fair revealed its exhibitor list. A long-lost Renaissance portrait by Sofonisba Anguissola resurfaced at the Winter Show. Christie's will sell the collection of the late MoMA trustee Barbara Jakobson, featuring works by Jeff Koons and others. Bonhams made a key hire, and Sotheby's priced a major art-backed securitization. In gallery news, Alissa Friedman returned to Salon 94, Mary Cork joined Lehmann Maupin London, and several artists gained new representation, while New York's Francis Irv gallery announced its closure.

here are 6 of the worst art works we saw all year

Artnet News published a year-end roundup of the worst artworks of 2023, as selected by its writers and editors. The list includes Meta's AI-art chatbot experiments on Instagram, which cloned celebrity likenesses into cringe-worthy avatars like Snoop Dogg's 'The Dungeon Master' and Kendall Jenner's 'Billie,' alongside Refik Anadol's 'Unsupervised' at MoMA, criticized as shallow tech spectacle. Other entries include a poorly received Picasso-themed exhibition and additional works deemed ill-conceived or badly executed.

kenny schachter column larry g michael werner gallery

Kenny Schachter's column reports on the fallout at Michael Werner Gallery following the departure of star artist Peter Doig. Co-owner Gordon VeneKlasen is accused of expensing luxury items—including private jets, Hamptons helicopter rides, and even a solo helicopter trip for his Labrador Retriever—while the gallery faced financial strain. The partnership is dissolving, with VeneKlasen moving to Los Angeles to open his own gallery and listing his West Village home for $20 million. Meanwhile, Schachter also notes Pace Gallery's financial troubles, with founder Arne Glimcher stepping in to stabilize operations.

art worlds lifestyle competition art detective

The article examines the seductive and often corrupting influence of extreme wealth in the art world, detailing how high-end dealers, advisors, and collectors indulge in lavish lifestyles involving private jets, couture, and exclusive parties. It highlights recent scandals, including the imprisonment of art dealer Inigo Philbrick and advisor Lisa Schiff for defrauding clients, and a new legal battle between prominent art advisors Barbara Guggenheim and Abigail Asher, who accuse each other of misappropriating millions to fund luxury expenses.

upstate art weekend major new york event collectors

The sixth edition of Upstate Art Weekend (UAW) launched with a party at Assembly in Kingston, New York, founded by Helen Toomer in 2020. The festival has grown from 23 participants to 158 across 6,000 square miles, reflecting the pandemic-era exodus of artists and collectors from New York City to the Hudson Valley region. The event featured a fundraiser for abortion-rights nonprofit Noise for Now and drew a diverse crowd of attendees.

paint drippings art industry news jun 2

This week's art industry roundup covers major personnel shifts, fair announcements, and institutional news. Phillips named Robert Manley chairman for Modern and contemporary art and Miety Heiden chairman for private sales after the departures of Cheyenne Westphal and Jean-Paul Engelen. Art Basel Paris announced 203 galleries for its October fair at the Grand Palais, while Kiaf Seoul will host 176 exhibitors in September. Tony Karman is stepping down as director of Expo Chicago after 14 years. Pace Gallery added Friedrich Kunath, Galerie Nordenhake signed Naufus Ramírez-Figueroa, and Sylvia Kouvali now represents Luigi Zuccheri. Ariel Pittman is launching a new Los Angeles gallery, Official Welcome. The Louvre will return 258 works from Adèle de Rothschild's bequest to the Fondation des Artistes. President Trump dismissed Smithsonian National Portrait Gallery director Kim Sajet over DEI support, though his authority is questioned. The Centre Pompidou announced a new $240 million outpost in Brazil. The Art Institute of Chicago confirmed director James Rondeau will return after a flight incident. The Pérez Art Museum Miami appointed Karen H. Bechtel as board president. Frieze and Deutsche Bank detailed their 2025 Emerging Curators Fellowship. A rare Gustav Klimt portrait of an African prince was offered for €15 million.

kenny schachter new york fair auction recap

Kenny Schachter's article for Artnet News draws a parallel between President Jimmy Carter's 1977 energy-crisis plea to lower thermostats and the current art-market response to Trump-era tariff turmoil. He reports that the spring 2025 auction cycle generated $1.25 billion, continuing a decade-long decline from the 2014 peak, with bidders spending less and big-ticket sellers stuck. Schachter also promotes his own no-reserve auction, "Hoarder #6," scheduled for July 8–17 at Phillips, and critiques Trump's economic policies and crypto ventures, name-dropping Justin Sun as a major holder of $Trump tokens.

can slimmed down expo chicago still throw weight around

The 15th edition of Expo Chicago, scheduled for April 9–12, marks a significant transition as the fair's first outing under new director Kate Sierzputowski and its third since being acquired by Frieze. The upcoming edition features a streamlined roster of approximately 130 galleries, a 25 percent decrease from previous years. While blue-chip giants like Gagosian and Zwirner are absent, the fair maintains a strong lineup including Karma, Michael Rosenfeld Gallery, and local mainstays like Monique Meloche, complemented by satellite events and a high-profile benefit directed by Maurizio Cattelan.

work of the week david hockney english garden

David Hockney’s 1965 painting 'English Garden' is returning to the auction block at Sotheby’s London with an estimate of £2.5 million to £3.5 million ($3.4 million to $4.7 million). Painted while Hockney was teaching at the University of Colorado, Boulder, the work is recognized as his first English landscape and has been held in a private collection for nearly thirty years. It was last sold at auction in 1997 for just £89,500.

Ceramics Are Everywhere, in Museums, Galleries, and Fairs—Has the Market Caught Up?

Ceramics are experiencing a surge in visibility across museums, galleries, and art fairs in major US cities. The article catalogs numerous recent and upcoming exhibitions, including Kathy Butterly's sold-out show at James Cohan with pieces at $45,000 each, Nicole Cherubini's nearly sold-out show at Friedman Benda with prices up to $65,000, and Ruby Neri's work at Salon 94 peaking at $75,000. Other highlights include Ron Nagle at Matthew Marks, Theaster Gates' Gagosian show celebrating David Drake, NADA Ceramics in Tribeca, and ceramic presentations at Frieze Los Angeles, Post-Fair, Expo Chicago, and David Zwirner. Institutional shows include Toshiko Takaezu at Princeton University Art Museum and a ceramic collection at RISD Museum.

Raghu Rai obituary

Raghu Rai, the renowned Indian photographer known for capturing his country's post-independence history through singular, enduring images, has died at age 83 from cancer. Rai's career spanned six decades, during which he documented events from the 1984 Bhopal gas disaster to the Bangladesh war of independence, and photographed figures including Indira Gandhi, Mother Teresa, and the Dalai Lama. He joined Magnum Photos in 1977 after being invited by Henri Cartier-Bresson, and worked as a staff photographer for the Statesman and as picture editor for India Today.

The Venice Biennale Is High Stakes. James Cohan Gallery Is All In

James Cohan Gallery, a mid-sized New York gallery, is representing four artists in the 61st Venice Biennale's central exhibition, "In Minor Keys," curated by the late Koyo Kouoh. The artists are Ranti Bam, Tuan Andrew Nguyen, Kennedy Yanko, and Yinka Shonibare (whose Guest Artists Space Foundation is also participating). This marks a breakthrough for the gallery, which has more artists in the central exhibition than any of the four mega-galleries—Gagosian, Pace, David Zwirner, and Hauser & Wirth—none of which have as many. The gallery is investing heavily in production, logistics, travel, and events, including a luncheon at the St. Regis Hotel co-hosted with Salon 94 and Esther Schipper, and a dinner thrown by collector Pamela Joyner for Yanko.

$102 Million Verdict Over Robert Indiana Artwork May End Years-Long Legal Battle

A Manhattan federal jury awarded $102 million in damages to the Morgan Art Foundation in its lawsuit against art publisher Michael McKenzie, finding him guilty of making and selling unauthorized Robert Indiana artworks. The verdict, delivered on April 23, follows a complex legal battle that began just before Indiana's death in 2018, involving accusations of exploitation, fraud, and copyright infringement. McKenzie and caretaker Jamie Thomas were also accused of taking advantage of the elderly artist. The case has cast doubt on the authenticity of some late Indiana works and affected his market, with his auction record remaining at just over $4 million since 2011.

My toddler threw a toy pig at an artwork – and inspired this guide for small kids in galleries

A journalist recounts a stressful visit to the Royal Academy with her toddler, where a toy pig was thrown toward a Kerry James Marshall painting. This incident serves as the catalyst for a new series exploring the compatibility of small children and art galleries, addressing the anxieties parents face regarding museum etiquette, accessibility, and the fear of damaging artworks.

A Dutch museum has just put its fake Van Gogh on show

The Kröller-Müller Museum in Otterlo has broken traditional museum protocol by placing a known forgery, "Seascape at Saintes-Maries-de-la-Mer," on public display. Acquired in 1928 by museum founder Helene Kröller-Müller from the notorious Berlin dealer Otto Wacker, the painting was eventually exposed as a fake created by Wacker’s brother, Leonhard. The exhibition, which runs until June 21, coincides with a new podcast detailing the history of the acquisition and the subsequent fraud trial that rocked the art world in the 1930s.

Chicago’s Obama Presidential Center has art at its core

The Obama Presidential Center is set to open on Chicago’s South Side on June 19, 2026. The $850m institution, designed by Tod Williams Billie Tsien Architects, features more than 25 site-specific contemporary art commissions integrated into its architecture and 19.3-acre campus. Ahead of the opening, the museum has partnered with Expo Chicago to preview these works, which include monumental contributions from artists such as Julie Mehretu, Mark Bradford, and Nick Cave.

Estonia exports a modernist, Glasgow gets poetic and Leonora Carrington goes wild – the week in art

The article is a weekly roundup of art events and news highlights. It spotlights several upcoming exhibitions, including a showcase of Estonian modernist Konrad Mägi in London, a poetic conceptual art show by Fiona Banner in Glasgow, lyrical paintings by Turner Prize-shortlisted Hurvin Anderson at Tate Britain, and a surrealist exhibition of Leonora Carrington's work at London's Freud Museum. It also mentions films by Rehana Zaman and features an image story about a unique, family-run trompe l'oeil painting school in Brussels.

florentina holzinger thaddaeus ropac

Austrian-born, Netherlands-based performance artist Florentina Holzinger has joined the roster of blue-chip gallery Thaddaeus Ropac. This move comes just months before she is set to unveil her project "Seaworld Venice" for the Austrian Pavilion at the 2024 Venice Biennale, marking a significant shift of her boundary-pushing, interdisciplinary practice from the theater and dance worlds into the commercial art gallery system.

leon black ronald lauder epstein files

Newly released documents from the Jeffrey Epstein investigation reveal that billionaire art collectors and Museum of Modern Art trustees Leon Black and Ronald Lauder have co-owned several major artworks for decades. The files, made public by the U.S. Department of Justice, confirm long-standing rumors of their joint acquisitions, including a Max Beckmann self-portrait and two Ernst Ludwig Kirchner works, purchased for a total of $31.6 million and later appraised at $93.5 million.

judy chicago google

Artist Judy Chicago recounts her frustrating experiences with public art commissions, focusing on a recent failed collaboration with Google for its Chicago headquarters at the Thompson Center. After being encouraged by her dealer to apply, Chicago was awarded a commission in fall 2025 to create a large terrazzo floor and a 17-story glass elevator shaft using her "Through the Flower" imagery. However, the project fell through after months of effort, mirroring earlier disappointments with the Beverly Hills Sculpture Park, where a city councilor questioned the value of her work, which Chicago attributes to institutionalized sexism.

jeffrey epstein leon black gagosian picasso sculpture

Newly released documents from the Department of Justice reveal that the late financier and convicted sex offender Jeffrey Epstein was deeply involved in facilitating major art transactions between mega-collector Leon Black and Gagosian gallery. The files detail Epstein's personal communications with Black's lawyers regarding the acquisition of Pablo Picasso's 1931 sculpture *Buste de Femme (Marie-Thérèse)*, a work that was the subject of a legal dispute before Black acquired it for over $115 million. Epstein also assisted in a complex $48 million swap of a Rothko painting for a Picasso through Gagosian in 2012.

leon black art collection revealed jeffrey epstein file

A 51-page document released as part of the Jeffrey Epstein files appears to catalog the extensive private art collection of billionaire collector and former MoMA board chair Leon Black. The document, which lists works by masters from Michelangelo to Picasso under corporate entities linked to Black, reveals valuations and details of a collection largely kept from public view, including works held as promised gifts to major museums like MoMA and the Metropolitan Museum of Art.

8 controversies that rocked the art world in 2025

Artnet News rounds up eight major controversies that shook the art world in 2025, including a brazen theft of crown jewels from the Louvre Museum in Paris, which exposed severe security gaps and led to a staff strike. Another key scandal involves a lawsuit filed by heirs of the Stern family against the Metropolitan Museum of Art and the Basil and Elise Goulandris Foundation, alleging that a Van Gogh painting was looted by the Nazis and later concealed through a series of transactions in New York.

kenny schachter aucton sales column

Kenny Schachter's column reveals that Jeff Bezos secretly bought Frida Kahlo's 1941 painting *Me and My Parrot* for over $130 million in a private auction hosted by Christie's in 2021, and that Mark Zuckerberg recently purchased René Magritte's 1964 painting *Le fils de l'homme* (The Son of Man) for roughly $150 million in another private treaty sale negotiated by Christie's. The article also discusses a new private auction Christie's is organizing for a major Magritte work valued north of $50 million, and critiques the growing influence of tech billionaires—the "Magnificent 7"—on the art market.

southern guild tribeca expansion 2025

Southern Guild, the prominent Cape Town gallery co-founded by Trevyn and Julian McGowan, is opening a new outpost in a restored 19th-century Tribeca townhouse on Leonard Street in New York. The expansion comes as the gallery closes its Los Angeles space, a move the McGowans describe as instinctive rather than strategic. The new space, with its sixteen-foot ceilings and exposed brick, represents a leap of faith amid a challenging 2025 art market marked by gallery closures and industry retrenchment.

jeffrey epstein emails leon black picasso gagosian

Newly released emails from convicted sex offender Jeffrey Epstein reveal that he discussed a plan by billionaire art collector Leon Black to purchase a Picasso painting from Gagosian gallery for $100 million. In a 2015 email to Melanie Spinella, a representative for Black, Epstein questioned the lack of a written contract for the overseas transfer, calling it 'fishy.' The emails also show Epstein advising Black on broader art purchasing strategies, including assigning agreements to family members, and offering opinions on Artspace, the online art marketplace acquired by Black's publishing house Phaidon.