Art News. Vasari Codex

article news schedule May 18, 2026 visibility 1 link 27 artists, 17 galleries

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.

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gavel restitution schedule May 15, 2026 visibility 7 link 1 artist

London’s Wellcome Collection to Transfer 2,000 Manuscripts to Jain Community, But They Will Stay in UK

The Wellcome Collection in London has announced plans to transfer 2,000 Jain manuscripts to the Jain community, but they will remain in the UK at the University of Birmingham’s Dharmanath Network in Jain Studies. The manuscripts, ranging from the 15th to 19th centuries, were largely purchased in 1919 from a temple in India and from sources in present-day Pakistan. The transfer follows years of dialogue with the UK-based Institute of Jainology and aims to maximize community access and research opportunities.

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gavel restitution schedule May 14, 2026 visibility 6 link 1 artist

London's Wellcome Collection returns 2,000 manuscripts to the Jain community

London's Wellcome Collection is returning 2,000 Jain manuscripts to the Jain community, the largest such collection outside South Asia. Acquired in 1919 at a low price from a Jain temple in what is now Pakistan, the manuscripts will be transferred to the UK-based Institute of Jainology and deposited at the University of Birmingham. A Memorandum of Understanding is being signed at the House of Commons. The restitution bypasses the country of origin because the Jain community in Pakistan was displaced after the 1947 partition, leaving no suitable depository there.

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