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Art experts are hoping strong interest from Asian buyers and a buoyant market, sparked by a record-breaking sale of contemporary art earlier this month, will boost two Latin American auctions in New York this week.

NUEVA YORK (AP) — Un paisaje venezolano considerado el más bello del alemán Ferdinand Bellermann, y una obra de Roberto Matta nunca vista en circuitos artísticos internacionales encabezan las subastas de arte latinoamericano en Nueva York a realizarse esta semana.

Nueva York.- Un paisaje venezolano considerado el más bello del alemán Ferdinand Bellermann, y una obra de Roberto Matta nunca vista en circuitos artísticos internacionales encabezan las subastas de arte latinoamericano en Nueva York a realizarse esta semana.

Sotheby’s and Christie’s expect heated demand for the extensive selection of Latin American art they will offer at their respective evening sales—ranging from 19th-century landscape paintings to 20th-century Surrealist masterpieces. Sotheby’s will offer “Costa De La Guaira A La Caída Del Sol,” with a low estimate of $700,000, a Venezuelan landscape by Ferdinand Bellermann that has been in the same family of collectors since it was acquired from the artist in 1874. A dreamy 1939, abstraction by Chilean Surrealist Matta, titled “Morphologie Psychologie” is estimated at $800,000 to $1.2 million.

The 2013 Cannes Film Festival is inching closer to conclusion, and though the bevy of actresses, ex–Victoria's Secret models, and even a mystery guest wearing a gown made out of biscuit trays courted attention, there were other sparkly things that had us magpie-eyed. Jewels and gems gleamed on the red carpet, dripping on virtually every female celebrity in attendance, and onscreen in films like The Great Gatsby and The Bling Ring. A Chopard jewel heist even went down.

Most people don’t associate bathrooms with patinated floor lamps that have carved bronze birds for feet. Then again, most people don’t live in a palace. In the early 1920s, Armand Albert Rateau, an Art Deco master, created furniture for the Liria Palace in Madrid for the apartments of the Duchess of Alba, María del Rosario de Silva y Gurtubay, who married the 17th Duke of Alba in 1920.

Blue-chip paintings may be getting the most attention in this volatile art market, but jewels are quietly starting to shine as buyers seek alternative investments and portability.

A Chinese collector paid Christie's $18 million for Chaim Soutine's 'Young Pastry Chef'—resetting the Belarussian painter's auction record and underscoring the purchasing power Asian collectors exert in the art market.

Christie’s New York rang up $158.5 million in sales of Impressionist and modern art last night in a brisk yet lackluster auction.

In a season where top Impressionist and modern art has been scarce, Christie’s managed to cobble together a modest evening sale on Wednesday night, with respectable prices for Soutine and Chagall. It was the second consecutive night of Impressionist and modern art auctions, and while there were few fireworks, and thin bidding, the geography of buyers told an interesting story.