Lucian Freud, Boy’s Head, 1952 (est. $4.6-6.2 million), via Sothebys.com

Christie’s, Sotheby’s, and Phillips de Pury are hosting Contemporary art sales this week in conjunction with the Frieze Art Fair, which officially begins on Thursday in London. Capitalizing on the flood of art afficionados in town for the fair,  the auction houses are hoping to move about $88 million worth of art during their evening sales. Dealers and buyers have been reassured of the art market’s strength following huge boom-like sums achieved during the past few auction cycles, but this round of sales comes at a moment of increased anxiety about the global economy. These sales may set the tone of the major auctions next month in New York, when Christie’s, Sotheby’s, and Phillips will offer several hundred million dollars worth of Impressionist, Modern, and Contemporary art.

Jeff Koons, Seal Walrus Trashcans, 2003-09 (est. $3.1-4.6 million), via Phillipsdepury.com

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All photos by Caroline Claisse.

Currently on view at the Punta della Dogana, housed in the magnificent Palazzo Grassi, is “The World Belongs to You.” Curated by Caroline Bourgeois, the exhibition brings together artists from different generations, geographical locations, and practices to explore history and current realities.

The Punta della Dogana became the official exhibition space of Francois Pinault‘s private collection in 2006, when he purchased the building from the city of Venice. It now houses works from internationally renowned contemporary artists such as Jeff Koons, Urs Fischer, Maurizio Cattelan, and Takashi Murakami.

Urs Fischer’s violet piano at Punta della Dogana.

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