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Feb 8 2008 8:22AM EST

Today in the Art World...

Clothes designed by Paul Poiret will be sold at auction following an exhibition of the French couturier's work at the Metropolitan Museum of Art last year.

An art world merger.

Two Picasso's were stolen from a Swiss museum.

Andre Balazs talks about his plans for the Prouvé Tropical House he recently bought at auction.

China has upset France, taking its spot as the third most important art market by value. New York and London hold the top two spots. This according to a report published by the research company Art Economics.

President Putin and Prime Minister Brown have rescinded their support of that embattled exhibition at the Royal Academy in London.


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