Colin Gleadell wonders aloud whether the woman bidding on the Picasso was an indicator of the ultimate buyer:

Picasso’s blue period portrait of Angel Fernandez de Soto from the Andrew Lloyd Webber Foundation, which could now be on its way to the Far East. It was bought for £34.8 million for an anonymous client by Jen Lyn Low, a Christie’s expert in Chinese works of art, recently seconded to the Impressionist department to develop its business relations in Asia.

Art Market Euphoria Replaced by Realism (Telegraph)