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Friday, April 18, 2014

Contemporary Art Takes Center Stage at Madrid Fair and London Auctions

Andy Warhol's 'Self-Portrait' (1967) is estimated at £3 million - £5 million. Andy Warhol's 'Self-Portrait' (1967) is estimated at £3 million - £5 million. Christie's Images

ARCOmadrid kicks off this year's European season of top contemporary art fairs in the Spanish capital Wednesday.

Until Feb. 20, around 190 international galleries from Europe, Americas and Asia will show painting, sculpture, drawing, photography, video and prints created by established artists and promising newcomers. Each year, the fair spotlights a different country and this year the honor goes to Russia, which will feature eight galleries. Another emphasis will be on Latin America, with 14 galleries in a special section exhibiting artists from across the region.

Elsewhere, it will be a full week of contemporary art auctions in London beginning Tuesday at Sotheby's (Feb. 15-16) followed by Christie's (Feb. 16-17) and Phillips de Pury (Feb. 17-18).

Up for sale will be a diverse range of works by blue-chip names such as Andy Warhol, Gerhard Richter and David Hockney, as well as newcomers.

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