Tim Schneider

2 days ago | nytimes.com | Zachary Small |Tim Schneider

These bellwether artworks in the spring auctions this week may indicate whether a recovery is likely, after years of declining profits and high rollers. The spring sales of modern and contemporary art often arrive in May with a steady drumroll of paintings whose estimates soar above $50 million - a sign of confidence in the industry's roster of ultrawealthy collectors who trade them like financial assets.