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Estimated at a total of $ 600 million, the Macklowe collection will be auctioned at Sotheby’s on Monday, November 15.
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The exceptional collection Macklowe, reputed the most expensive in the world on the market, will host the fall auctions in New York on November 15. Issue of divorce from New York real estate mogul Harry Macklowe and his wife Linda delivered in 2018, the collection for sale at Sotheby’s presents 65 pieces estimated at a total of $ 600 million.
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Of the 65 pieces in the collection, 35 will go on sale on November 15, for an estimated value of $ 400 million. The rest will be auctioned off in the spring of 2022. Featured, “Le Nez” by Alberto Giacometti, an impressive suspended bronze on which the sculptor began working in 1947, and “N ° 7”, minimalist painting by Mark Rothko, each estimated at between $ 70 million and $ 90 million.
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©AFP
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“The Macklowe Collection is the largest collection of modern and contemporary art to ever come to the market.”
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The collection also includes the very famous “Nine Marilyns” d’Andy Warhol ($ 40-60 million), as well as a “Sixteen Jackies” ($ 15-20 million), but also several works by living artists, like Jeff Koons, Rudolf Stingel, Wade Guyton or Tauba Auerbach. “It is the largest collection of modern and contemporary art ever to market,” says the prestigious auction house Sotheby’s.
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“There are an incredible demand for contemporary art produced by artists in activity today “, underlines the president of the fine arts department at Sotheby’s Brooke Lampley. At Sotheby’s, the evening of November 18 will be devoted to sales of works of the last 20 years, with two Banksy estimated at several million euros each.
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Also at Sotheby’s, a record could be broken for a Frida Kahlo, with the self-portrait “Diego y yo”, estimated at 30 million dollars.
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A record year
Autumn auctions revive physical sales this week in New York, after long months marked by the health crisis. Both at Sotheby’s and at Christie’s, we advance the same speech: the art market is doing very well.
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With estimates totaling overa billion dollars in a week of sales, held from November 15, “we are reaching our most important season since 2015,” said Brooke Lampley. A record year, then.
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According to experts, the global health crisis has not reduced the fortunes, nor quenched the appetite of buyers.
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“During the pandemic, demand remained strong among buyers, but they no longer saw the level of supply to which they were used,” explains the president of the fine arts department at Sotheby’s. According to experts, the global health crisis has not reduced great fortunes, nor quench the appetite of buyers, which are always more in Asia and which are more and more young.
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The “millennials”, these new buyers
For the first half of 2021, the Christie’s house saw its sales increase by 13% compared to 2019 and noted that 30% of its buyers were “new customers”. Among them, 31% are “millennials” (“millennials”).
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“People have gotten used to spending a lot more time in their homes, with their artwork,” adds Emily Kaplan, contemporary art specialist at Christie’s, where sales start on Tuesday. On the house auction program, a “21st century” sale which relies on safe values: Banksy, but above all the monumental painting “Guilt of golden teeth” by Jean-Michel Basquiat, executed in 1982 during one of his stays in Modena (Italy). The canvas depicting a voodoo figure in a jumble of graffiti and numbers is estimated at between $ 40 million and $ 80 million.
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