At the tonight's auction of the Macklowe collection, the star lot could go for more than the couple's 14,000-square-foot Plaza apartment
The Macklowes, during happier times. Photo: Nicholas Hunt/Getty Images During the 57 years of their marriage, the real-estate mogul Harry Macklowe and his wife Linda amassed a massive and massively valuable collection of blue-chip 20th- and 21st-century art — including Rothko, Twombly, Warhol, Richter, Marden, Giacometti, de Kooning, Pollock, Picasso, Johns, and many more.
Why are the Macklowes selling — rather than divvying up — the art? The collection, as Harry Macklowe’s divorce attorney David Boies once told an appeals court, constituted 60 to 75 percent of the couple’s assets. The art, Boies said, had to be sold for both Macklowes to sustain their lifestyle. Linda, an honorary trustee at the Metropolitan Museum of Art, preferred to try selling it off piece by piece as she needed the money. That plan was nixed by Harry.
Why is the collection so valuable? In addition to featuring so many famous artists, the collection has depth, with multiple pieces “forming an insightful portrait of the artists’ evolution over time,” according to Sotheby’s. Other big-ticket items include Andy Warhol’s Nine Marilyns, estimated at $40 million to $50 million; Cy Twombly’s Untitled, an 18-foot-wide canvas estimated at $40 million to $60 million; and Mark Rothko’s No. 7, painted in 1951 and estimated at $70 million to $90 million. Pieces by Jeff Koons, Brice Marden, Agnes Martin, Sigmar Polke, and Gerhard Richter are also expected to go for a ton of money — just not, you know, quite that much.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hi Hello, Your Weekly Horoscope Is HereEverything you need to know for the upcoming week.
Read more »
Ariana Grande Tells Us Everything You Need to Know About Her New r.e.m. beauty BrandThe singer swatched each product as Jennifer Coolidge—bend-and-snap not included.
Read more »
How Fashion Is Ramping Up Its Climate Efforts at COP26Under the new UN Fashion Charter agreement revealed at COP26, more than 130 fashion brands have committed to cutting their greenhouse gas emissions by 50% before 2030.
Read more »
Ariana Grande Tells Us Everything You Need to Know About Her New r.e.m. beauty BrandAriana Grande Tells Us Everything You Need To Know About Her New R.E.M. Beauty Brand
Read more »
What Are CRM Integrations? Everything You Need To KnowCustomer data remains one of the most valuable resources a company can have. By better understanding current and prospective customers, a company can provide more personalized attention and better strategize marketing. Recording, aggregating and managing all this data, however, is a hefty task. That
Read more »
Everything you need to know about Moncler
Read more »