Preferences Preferences To safeguard0
Contact us
Côte d'Azur (Cannes)
Sotheby's International Realty
Côte d'Azur (Beaulieu)
Sotheby's International Realty
Côte d'Azur (Cap Ferrat)
Sotheby's International Realty
Côte d'Azur (St Tropez)
Sotheby's International Realty
Côte d'Azur (Nice)
Sotheby's International Realty
Send an email

Preferences

Currency

My research
  1. Home
  2. >
  3. News
  4. >
  5. The Macklowe Collection - A true success for the first sale at Sotheby’s: $ 676 million!

The Macklowe Collection - A true success for the first sale at Sotheby’s: $ 676 million!

Share this link
The Macklowe Collection - A true success for the first sale at Sotheby’s: $ 676 million!

Yesterday evening, an exceptional auction took place at Sotheby’s New York: the modern and contemporary art Macklowe collection - sale following a divorce between the real estate developer Harry Macklowe and his wife Linda Burg in 2018. 

This wealthy couple of art collectors acquired for 50 years a qualitative collection reflecting decades of pursuit, improvement and refinement.

Scheduled as two separate events - the second being scheduled for spring 2022 for the sale of the last 30 pieces of the collection - the first night of the modern and contemporary art collection's auction totaled $ 676 million, including a painting of Mark Rothko of over 80 million, on track to set a historic record.

In just over 2 hours, the 35 works of art were sold, including four pieces over $ 50 millions, garnering applause from the public - between 200 and 300 people attending the sale in person at Sotheby's headquarters, following several virtual seasons due to the pandemic.

Highlights of the evening: the sale of the painting by American expressionist Mark Rothko (1903-1970), N ° 7, sold for $ 82.4 million, just before Le Nez by Alberto Giacometti (1901-1966) , an impressive suspended bronze - both pieces acquired by Asian collectors.

The sale of two canvases by pop-art master Andy Warhol was also successful: the Nine Marylins (1962), a series of faces depicting Marylin Monroe in black and white, sold for $ 47.3 million, and the Sixteen Jackies, dedicated to Jackie Kennedy, which found its buyer for $ 33.8 million.

At $ 676 million in a single evening, the Macklowe Collection's auction total could surpass the record set by the Rockefeller Collection sold in 2018 for $ 835 million.



 

The latest news

Lionel Messi acquires luxury villa for 10 million Euros in Miami
Read more

Lionel Messi acquires luxury villa for 10 million Euros in Miami

Soccer superstar Lionel Messi recently purchased a sumptuous 975 square metre residence close to the Inter Miami stadium, for an impressive 10.75 million dollars, or around 10.06 million euros. With seven Ballon d'Or awards to his name, Lionel Messi has established...

Read more
Nice: booming economic appeal
Read more

Nice: booming economic appeal

Nice, a magnificent city nestling on the Côte d'Azur, is much more than an idyllic holiday destination. Over the years, it has emerged as a major economic player in France and Europe. Nice's economic rise has not gone unnoticed, and this article will explore the key...

Read more
The US Dollar at its Highest Level Against the Euro: Real Estate Investment Opportunities in France
Read more

The US Dollar at its Highest Level Against the Euro: Real Estate Investment Opportunities in France

The parity between the US dollar (USD) and the euro (EUR) is a major topic of interest for international investors. The US dollar is currently in a favourable position against the euro, opening up a number of investment opportunities for Americans wishing to acquire...

Read more