Following a blockbuster $676.1 million sale of works owned by Harry and Linda Macklowe in November that helped kickstart the art market during a mid-pandemic slump, the second half of the divorcing real estate developers’ storied art collection will be sold at Sotheby’s this May. The first sale in Noveber brought in a collosal $676.1m (with fees), against a pre-sale estimate of $439.4m to $618.9m (pre-sale estimates are calculated without fees)—the highest ever total in Sotheby's history. Records were set for Agnes Martin, Jackson Pollock, Robert Irwin and Michael Heizer.
The auction house will sell 30 additional pieces from the Macklowe collection—including landmark works by Mark Rothko, Gerhard Richter, and Andy Warhol —at a standalone sale on May 16 in New York that is expected to achieve in the region of US$200 million.
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