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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.

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.

Sex Dreams, Piss Takes, and Fake Trends: A Week in the NY Art World With Domenick Ammirati

Domenick Ammirati returns to New York after a year-long writing residency in Siena and Provincetown to cover the spring art fairs, including Frieze New York 2026. He observes a notably calm art week, attributing the subdued atmosphere to the fair's proximity to the Venice Biennale, which left key players exhausted. Highlights include a Rei Kawakubo installation at Independent, Gucci's Cruise show in Times Square, and MoMA PS1's 50th anniversary gala, where he mingles with curator Jody Graf and spots Klaus Biesenbach.

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.