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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.

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.

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.

‘Just Dudes Hanging Out’: Dustin Yellin and Paul Rudd on Making the Artist’s First Film

Dustin Yellin, known for his glass sculptures and as founder of Pioneer Works, has made his first film, *Goodnight Lamby*, produced by Darren Aronofsky's A.I.-focused studio Primordial Soup. The short film, a hero's journey to rescue his daughter Zia's favorite stuffed animal, premiered at Cannes. Yellin discusses the project with his friend actor Paul Rudd, who voices the character "Papa," exploring how fatherhood and his existing artistic practice of "frozen cinema" inspired the animation.

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.

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.

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.

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.