Christie’s cancels June contemporary art auctions

Christies is cancelling its June postwar and contemporary art auctions, the auction house confirmed on Friday. In a statement, it says this year is particularly busy for collectors, with Venice, later New York sales in May, Documenta 14 and Art Basel all putting a squeeze on the art world summer calendarand consignments.The move comes amid a string of belt-tightening measures announced under the leadership of Guillaume Cerutti, who was appointed chief executive in December. These include closin