“Vivendi Universal has chosen two New York auction houses to sell its modern art and photography collection – valued at about $15 million – this spring as part of an effort to decrease the Paris-based entertainment conglomerate’s multibillion-dollar debt. Christie’s will offer the modern art holding, which includes works by Pablo Picasso, Joan Miro and Mark Rothko, at an auction that has yet to be scheduled. Phillips, de Pury and Luxembourg will put the collection of photographs on the block April 25-26.”