Claude Monet, Nymphéas (1907), via Christie’s

As the art world turns its attention to New York this week during the hustle and bustle of Frieze Week, Sotheby’s and Christie’s will hold their annual spring auctions of Impressionist and Modern Art, boasting an impressive collection of works that speaks to the current strength of the auction market, and the enthusiasm of its buyers.  The competition between the two auction houses has remained fierce over the past year, even while Sotheby’s has fought off advances from Daniel Loeb and his Third Point team.  Now, with an agreement between the parties reached just this morning, the auction house will turn its full attention to its upcoming sales, and the feverish sales estimates some are predicting for the pair of auctions early this week.

Pablo Picasso, Portrait de femme (Dora Maar) (1942), via Christie’s

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The recently opened David Bowie Is… exhibition at London’s Victoria and Albert Museum is smashing all attendance records for the museum, early reports say.  Chronicling the creative life of rock star David Bowie, more than 42,000 advance tickets had already been sold when the exhibition opened last week, and merchandise from the show is already off to a booming first week of sales.   (more…)