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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.

Mark Rothko Painting Agnes Gund Hung in Her Living Room Sells for $98 M., Setting a Record

A Mark Rothko painting, *No. 15 (Two Greens and Red Stripe)* (1964), formerly owned by prominent art patron and Museum of Modern Art president emerita Agnes Gund, sold at Christie’s on Monday night for $98.4 million (including fees). The work, which Gund purchased directly from Rothko in 1967 and kept in her living room until her death last September, received about a dozen bids before hammering at $85 million to a buyer represented by Christie’s specialist Rachael White Young. The sale broke Rothko’s previous auction record of $86.9 million set in 2012 for *Orange, Red, Yellow* (1961), also at Christie’s New York.

Christie’s S. I. Newhouse Sale Totals $630.8 M., Bringing Cumulative Total to $1 B.

Christie’s evening auction of 16 works from media magnate S.I. Newhouse’s collection totaled $630.8 million with fees, setting multiple records. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million after a 10-minute bidding war, more than doubling Pollock’s previous auction record. Other highlights included Constantin Brâncuși’s *Danaïde* (ca. 1913), which set a new record for the artist at an undisclosed price above $82 million, and strong results for works by Joan Miró, Jasper Johns, and Pablo Picasso.

S.I. Newhouse’s Brâncuși Sells at Christie’s for Record-Breaking $107.6 M.

A Constantin Brâncuși sculpture titled *Danaïde* (1913), formerly owned by media magnate and top art collector S.I. Newhouse, sold at Christie’s on Monday night for a hammer price of $93 million, totaling $107.6 million with fees. This set a new auction record for the modernist sculptor, surpassing the previous record of $71.2 million set by another Brâncuși work in 2018. The bronze head with gold leaf and black patina attracted half a dozen bids before selling to a client represented by Maria Los, deputy chairman of client advisory Americas. The work was one of six bronze casts, the only gilded example still in private hands, and had notable provenance, having been purchased by Eugene and Agnes Meyer at Brâncuși’s first solo exhibition in 1914.

Frieze New York will Open With 68 Galleries from 26 Countries, and Other News.

Frieze New York will open on May 13, 2026, at The Shed with 68 galleries from 26 countries, marking its 15th edition. The fair emphasizes Central and South American galleries, supported by new committee members Fátima González and Omayra Alvarado, alongside blue-chip exhibitors like Gagosian, Hauser & Wirth, and Pace. In other news, Phillips set a watch auction record with its $96.3 million Geneva sale, the Met Gala generated $1.56 billion in media value, and ICFF announced a November 2027 edition. Tiffany & Co. and the CFDA launched a new jewelry design scholarship.

LACMA Director Michael Govan ’85 talks museum architecture, public art, mounds of dirt

Michael Govan, director of the Los Angeles County Museum of Art (LACMA) and a 1985 graduate of Williams College, discussed his career and philosophy in an interview with the Williams Record. Govan reflected on his early work at the Williams College Museum of Art (WCMA), where he helped install pieces in Lawrence Hall after an expansion by architect Charles Moore, and his subsequent collaborations with Frank Gehry on the Guggenheim Museum Bilbao and Zaha Hadid at the Solomon R. Guggenheim Museum. He also highlighted his recent oversight of LACMA's new David Geffen Galleries, a $720 million project that has drawn significant attention.

Edward Hopper Exhibition in Seoul Breaks Attendance Record

An exhibition of Edward Hopper's work at the Seoul Museum of Art has broken attendance records, drawing 330,000 visitors—the highest for any exhibition that year. The show marks the first solo exhibition of the American painter in South Korea, where Hopper was virtually unknown until the 1990s. The article traces Hopper's growing recognition in the country, from his first appearance in Korean media in 2002 to the 2011 co-hosted exhibition 'This Is American Art' at the National Museum of Modern and Contemporary Art, which introduced his work 'Railroad Sunset' (1929) to local audiences.

Sotheby’s Summer Sale Gathers $433.1M, Thanks To Rothko Painting

Sotheby’s summer contemporary auction in New York raised $433.1 million, far exceeding the $186.1 million from its comparable sale last year. The highlight was the $85.8 million sale of Mark Rothko’s *Brown and Blacks in Reds* (1957) from the estate of late dealer Robert Mnuchin and his wife Adriana, whose 11 blue-chip works fetched $166.3 million against a $130 million estimate. Other top lots included Jean-Michel Basquiat’s *Museum Security (Broadway Meltdown)* at $52.7 million and Willem de Kooning’s *Untitled III* at $26 million.

Exhibition Recognises Local Artists 19/05/2026

The City of Whittlesea's Belong: 2026 Art Exhibition has opened at the Plenty Ranges Arts and Convention Centre (PRACC) in South Morang, Australia. Now in its 17th year, the exhibition has reached a record size with 176 artists submitting 245 artworks across diverse media including painting, photography, sculpture, pottery, mosaics, and glasswork. Award winners were announced on May 6, with Rosemary Lugg winning the Mayor's Award for her work 'Fragments,' and other prizes recognizing use of materials, originality, and youth participation. The exhibition runs until May 27 and includes artist talks, workshops, and a People's Choice Award.

Comrades in Art: Artists Against Fascism review — eye-opening show sets the record straight

The article reviews the exhibition "Comrades in Art: Artists Against Fascism," which presents a historical survey of artists who actively resisted fascist regimes through their work. The show features a range of pieces from the early 20th century to the present, highlighting lesser-known figures and movements that opposed authoritarianism. It aims to correct oversimplified narratives about art and politics during periods of fascist rule.