The Limited Times

Now you can see non-English news...

New York magnate's Picassos and Warhol soon to be sold for $ 600 million

2021-09-09T21:57:56.024Z


The Sotheby's auction house will handle the sale of 65 works belonging to a divorced couple of New York billionaires.


Works by Pablo Picasso, Andy Warhol, Mark Rothko and Alberto Giacometti belonging to a divorced couple of New York billionaires will soon be auctioned by Sotheby's for an estimated value of $ 600 million, the famous house announced Thursday. .

See also 220,000 euros at auction for Picasso's watch

During an online press conference, Sotheby's CEO Charles Stewart was pleased to have been entrusted with the auction - in November and May - of a total of 65 works,

"the largest collection of modern and contemporary art never put on the market ”.

The auction house estimated that with a total value of $ 600 million, it was the highest estimate ever made for a sale of contemporary and modern art collections.

The collection is owned by New York real estate mogul Harry Macklowe and his former wife Linda, but justice was never able to determine its value during the couple's much-publicized divorce in the late 2010s. Giacometti's and Rothko's "No. 7" could sell for $ 70 million each, according to Sotheby's.

Warhol's famous “Nine Marilyns” has been estimated at between $ 40 million and $ 60 million.

A sculpture in wire and sheet metal of Picasso, designed as a funeral monument for the tenth anniversary of the death in 1918 of the poet Guillaume Apollinaire, could be negotiated around 20 million dollars.

Charles Stewart has promised a

"historic"

auction

which

"will mark the art market and the history of Sotheby's for 277 years".

Source: lefigaro

All news articles on 2021-09-09

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.