Art market: upcoming major London auctions

FT.com reports on the upcoming London art sales at Sotheby's and Christie's.

Click through to read their summary of next week's impressionist and modern art auctions, expected to bring in around £400m (over the coming two weeks) judging by pre-sale estimates.

The art market has staged a massive rebound since its downturn during the 2008 financial crisis.

This is probably in no small part due to the restorative effects of "quantitative easing" on the world's financial markets and the pocketbooks of market participants (bankers, hedge fund managers, etc.). The money is flowing, and for a certain segment of rich buyers, a good deal of that money has been directed at high quality gems, artworks, and antiques.

Back to the auctions: you'll find catalogues for the Impressionist and Modern Art sales at the Sotheby's and Christie's websites. You can also find links to the major auction houses in our "links" sidebar. If the paintings are a bit out of your reach, you can at least have a glimpse for free!

Image: Picasso's "La Lecture" via Bloomberg.com.

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