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 Marcel Duchamps That Got Away: On Collecting His Work and the Sprawling MoMA Show

The article recounts the author's personal experience as a collector who passed up the opportunity to buy a complete set of Marcel Duchamp's readymades at a 2002 Phillips de Pury and Luxembourg auction. The set, editioned by dealer Arturo Schwartz in 1964, included iconic works like *Fountain* and *Bicycle Wheel*, but the sale was a financial failure, with many pieces bought-in or selling for far below expectations. The author later acquired some of the unsold works privately. The piece is framed around the concurrent Duchamp exhibitions at the Museum of Modern Art and Gagosian.

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Artnet News published a roundup of five rising artist profiles that defined 2025, highlighting interviews with Alexandra Metcalf and Chase Hall. Metcalf, a British-American artist, blends 1960s psychedelia, 2000s pop music, and Victorian literature in her multimedia works, and debuted at Art Basel with London's Ginny on Frederick. Chase Hall, a painter who uses hot coffee on cotton, explores race and fatherhood, with a solo exhibition "Momma's Baby, Daddy's Maybe" at Galerie Eva Presenhuber in Vienna.

Wet Paint Does Frieze Week: The Dinosaur Dealer Downtown, David Zwirner Tribeca, and More Juicy Art-World Gossip

Artnet News' gossip column 'Wet Paint' covers the opening week of Frieze New York, beginning with the group show 'Statics of an Egg' at David Zwirner's newly renamed Tribeca gallery (formerly 52 Walker). Curated by Martin Germann, the exhibition features Japanese artists gathered by Yu Nishimura and Kenji Ide, with Nishimura's painting 'in waiting' highlighted. The column also reports on a private party at the River art-world hangout and a visit to Amanita gallery for 'A Land Before Time: Three Dinosaurs and a Gondola,' which includes a John Chamberlain sculpture. Notable attendees include artists Sasha Gordon, Olivia van Kuiken, Calvin Marcus, and Josh Smith, as well as dealers Marlene Zwirner and Matthew Brown.

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This week's art industry roundup covers major developments across art fairs, auction houses, galleries, and museums. At Expo Chicago, emerging artist Auudi Dorsey sold her painting *Rumble* (2025) for $14,000 on opening day at Palo Gallery, while the fair featured 170 exhibitors including 20 from South Korea amid tariff concerns. Vienna Contemporary appointed Abaseh Mirvali as artistic advisor for 2025-2026. Sotheby's was selected by Barbara Gladstone's estate trustees to sell her collection, starting with a May 15 single-owner sale of 12 works estimated at over $12 million. Nine artworks from the Anne and Sid Bass collection head to Christie's New York, and Sotheby's secured a $70 million Alberto Giacometti sculpture for its May 13 evening sale. Philipp Kaiser departed Marian Goodman Gallery after six years. Customs backlogs from President Trump's import policy changes are causing shipping headaches, with DHL halting business-to-consumer shipments over $800 to the U.S. Air de Paris withdrew from Art Basel. Mexico City gallery OMR hired Agustina Ferreyra as director. Angelica Jopling is expanding her London gallery Incubator to New York. Alexander Gray Associates now represents Donald Moffett. In museums, the National Endowment for the Humanities, following DOGE staff cuts, is offering grants up to $600,000 for statues for Trump's National Garden of American Heroes. CCS Bard appointed Lauren Cornell as artistic director and Mariano Lopez Seoane as graduate program director. The New York Academy of Art named Paul R. Provost president. The Artists' Legacy Foundation appointed Daisy Murray Holman executive director. The Speed Art Museum named Diallo Simon-Ponte assistant curator. The Garage Museum of Contemporary Art in Moscow appointed Daria Kotova director. The Nasher Sculpture Center named Carlos Basualdo director. The Cultural Infrastructure Index reported a 17% drop in completed cultural projects in 2024.

10 Power Players in Paris

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The inaugural edition of Paris+ by Art Basel has opened in Paris, marking a significant shift in the city's art fair landscape. The article profiles ten key figures instrumental in shaping the French art market, including fair director Clément Delépine, dealer and committee president Marion Papillon, and institutional leaders like Suzanne Pagé of the Fondation Louis Vuitton and Rebecca Lamarche-Vadel of Lafayette Anticipations.

Trisha Donnelly at MUSEUM MMK FÜR MODERNE KUNST

The Museum MMK für Moderne Kunst in Frankfurt is presenting an exhibition of work by American artist Trisha Donnelly. The show features a range of her untitled pieces from 2005 to 2025, including sculptures, photographs, and other media, drawn from her own studio and various international collections and galleries.

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The Louvre was forced to close on Sunday after a daylight heist of jewelry that Napoleon III had given to his wife, Eugenie, an operation that took under 10 minutes. The incident has highlighted ongoing issues at the world's most-visited museum, including understaffing and a shortage of surveillance cameras, with commentators linking the problems to French political turmoil. Meanwhile, the fourth edition of Art Basel Paris is set to open at the Grand Palais, featuring 206 galleries (63 with locations in France), serving as the centerpiece of a packed Paris Art Week with exhibitions, public programs, and gallery events.

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Florence Bonnefous, co-founder of Air de Paris gallery, is profiled in a feature that traces the gallery's 35-year history from its founding in Nice with poet Edouard Merino to its current industrial space in Romainville, a northern Paris suburb. The gallery, named after Marcel Duchamp's readymade, launched with a legendary 1990 exhibition featuring Philippe Parreno, Pierre Joseph, and Philippe Perrin, and has since become known for championing underground conceptual and challenging art. Bonnefous is described as a preeminent gallerist-curator who prioritizes artistic integrity over profit, representing estates of avant-garde female artists like Sturtevant and Dorothy Iannone, and maintaining close bonds with artists such as Liam Gillick and Flint Jamison. The gallery is exhibiting at Art Basel Paris but recently withdrew from Art Basel in Basel over a booth placement dispute.

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Emma McIntyre, a New Zealand-born painter known for her oxidation technique using rust on canvas, has rapidly ascended in the art world. After earning MFAs in Auckland and Pasadena, she joined mega-gallery David Zwirner in 2024, with additional representation by Château Shatto in Los Angeles and Air de Paris. Her auction record was set at Phillips London in October 2025, with her work "Seven types of ambiguity" selling for $225,100. McIntyre's practice blends material experimentation—including iron oxide pigments and bubble wrap—with references spanning Greek myth to Rococo art.

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Art Basel Paris has announced the 203 galleries participating in its 2025 edition, set to take place at the Grand Palais from October 24–26, with VIP previews on October 22–23. The fair is divided into three sections: the main Galeries section with 177 dealers, Emergence featuring 16 solo booths for emerging artists, and Premise with nine presentations from 10 galleries challenging the art historical canon. Notable blue-chip participants include Gagosian, Hauser & Wirth, Pace Gallery, David Zwirner, and top Parisian galleries such as Balice Hertling, Galerie Chantal Crousel, and Mennour. The fair will also bring back its Oh La La! Initiative and public art exhibition in the Jardin des Tuileries.

Leading French Gallery Air de Paris Is Declaring Bankruptcy and Closing After 36 Years

Air de Paris, a leading French gallery, is declaring bankruptcy and closing after 36 years, as announced by cofounders Florence Bonnefous and Edouard Merino to Cultured. The gallery owes money only to its landlord and bank, not to its artists. The closure is attributed to fragile finances and health issues, including Bonnefous's Chronic Obstructive Pulmonary Disease. The gallery's farewell exhibition, “Oh What a Time,” featured artists such as Trisha Donnelly, Joseph Grigely, Pati Hill, Pierre Joseph, Allen Ruppersberg, Lily van der Stokker, Mona Varichon, and Amy Vogel. Bonnefous will continue to manage the estates of Guy de Cointet, Pati Hill, Dorothy Iannone, Bruno Pelassy, and Sarah Pucci, and work as a curator.

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The French gallery Air de Paris has publicly withdrawn from Art Basel in Switzerland after being assigned a booth position its founders considered unfavorable. In an open letter, owners Florence Bonnefous and Edouard Merino stated they were offered a choice between their usual stand and a new one, only to have the rejected option imposed. The gallery, which has participated in Art Basel since 1999, accused the fair of prioritizing managerial efficiency over longstanding relationships. Art Basel defended its placement process, citing curatorial vision and logistical factors. Bonnefous, who served on the fair's selection committee, confirmed the gallery will still participate in Art Basel Paris in the fall.

Renowned Gallery Air de Paris Bankrupted, Closing This Week

Air de Paris, the Paris gallery known for its punk ethos and commitment to cutting-edge Conceptual art, will close this week after 36 years and more than 400 exhibitions, amid bankruptcy proceedings. Founded in Nice in 1990 by Florence Bonnefous and Edouard Merino, the gallery was named after Marcel Duchamp’s 50cc of Paris Air and became legendary for its inaugural show, “Les Ateliers du Paradise,” which featured artists living in the gallery and later influenced critic Nicolas Bourriaud’s theory of relational aesthetics. The gallery moved to Paris in 1994 and later to Romainville in 2019, showing artists such as Paul McCarthy, Raymond Pettibon, Liam Gillick, Pierre Huyghe, and Dorothy Iannone.

Oh What A Time at Air de Paris

Air de Paris presents "Oh What A Time," a group exhibition running from April 16 to May 2, 2026, featuring works by Trisha Donnelly, Joseph Grigely, Pati Hill, Pierre Joseph, Allen Ruppersberg, Lily van der Stokker, Mona Varichon, and Amy Vogel. The show brings together eight artists in a concise two-week presentation at the Parisian gallery.

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Artist Liam Gillick reflects on his 35-year friendship with gallerist Florence Bonnefous, co-founder of Air de Paris, through a list of 35 personal observations. The text recounts memories of early exhibitions in Nice, the gallery's informal ethos, and Bonnefous's commitment to radical politics, truth-telling, and supporting artists who dissolve boundaries. Gillick describes the gallery as a place where exhibition-as-form takes precedence over individual artworks, and where economic sense often yields to artistic sense.

Air de Paris, a Radical Stalwart of the French Gallery Scene, Is Closing

After 36 years and over 400 exhibitions, the radical Parisian gallery Air de Paris is closing due to bankruptcy. Co-founders Florence Bonnefous and Edouard Merino decided to shutter the gallery after its financial situation became fragile, compounded by Bonnefous's health issues (Chronic Obstructive Pulmonary Disease) and their refusal to adapt to the increasingly profit-driven, corporatist art market. The gallery's final show, titled “Oh What a Time,” in Romainville featured works by artists including Joseph Grigely, Amy Vogel, Allen Ruppersberg, Pierre Joseph, Mona Varichon, Pati Hill, Lily van der Stokker, and Trisha Donnelly.

Extraterrestrial Art Created During Space Observatory Residencies on View in Mouans-Sartoux

À Mouans-Sartoux s’expose l’art extra-terrestre créé lors des résidences de l’Observatoire de l’espace

The Espace de l’art concret in Mouans-Sartoux is hosting a landmark exhibition featuring "extraterrestrial" artworks created through the Observatoire de l’espace’s residency program. Since 2006, this cultural laboratory of the French National Centre for Space Studies (CNES) has invited artists like Renaud Auguste-Dormeuil, Stéphane Thidet, and Victoire Thierrée to produce works in zero-gravity environments. These creations are born aboard parabolic flights on the Airbus A310 Zero G or via stratospheric balloons, where physical laws like gravity and atmospheric pressure are suspended.

The Slow Tomorrow at Air de Paris

Le lent demain at Air de Paris

The group exhibition "Le lent demain" (The Slow Tomorrow) was held at the Air de Paris gallery in Romainville from February 14 to March 21, 2026. Curated by Sebastián Quevedo Ramírez, it featured works by 17 artists, including Nicolas Aguirre, Devendra Banhart, and Hudinilson Jr., among others.

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Air de Paris, a leading French contemporary art gallery, has withdrawn from the 2025 edition of Art Basel in Switzerland after a dispute over booth placement. The gallery was offered a less desirable second-row spot (N3) despite its long history of prime placement (L23) on the second floor. Cofounders Florence Bonnefous and Edouard Merino described the allocation process as "brutal and unfair" in a letter to the fair, which was circulated online. Art Basel defended its decision, stating that placement is at its sole discretion and made in consideration of all 290 participating galleries.

Announcement

Air de Paris, a highly influential Parisian gallery known for representing many of the most significant contemporary artists, has become one of the earliest supporters of Contemporary Art Daily's parent organization, Contemporary Art Library. The announcement, made by Contemporary Art Daily, highlights Air de Paris's pioneering role in elevating the gallerist's activities into a form of artistic expression, and positions the gallery as a model for the entire field.

Location, location, location: behind the Art Basel floor plan beef

Air de Paris, a veteran contemporary gallery that has exhibited at Art Basel since 1999, announced its withdrawal from the upcoming edition after a dispute over its assigned stand. Co-founders Florence Bonnefous and Edouard Merino made their exit public by posting emails online via Provence, a French publishing house, calling the stand assignment process “brutal and unfair.” Art Basel’s chief artistic officer Vincenzo de Bellis defended the decision, noting that 58 galleries had their stands moved this year due to the launch of a new section called Premiere and the need to improve visitor flow and aesthetic dialogue between exhibitors.