FREUD AUCTION SET TO BUCK ECONOMIC GLOOM

LUCIEN Freud’s 1952 painting Boy’s Head is set to prove that art is still seen as a worthwhile investment when it goes on sale at Sotheby’s later this month, expected to fetch up to £4m. Earlier this year, the Bond Street-based auction house posted record sales of $3.4bn (£2.15bn) for the first half of 2011. Boy’s Head and several other works by Freud will lead an auction of contemporary art on 13 October.