After making headlines in November, Harry and Linda Macklowe are selling the rest of their artworks in a second sale this May.
The Macklowe couple is a name to reckon in the art collectors world, with one of the most prolific collections. Their collection rivals the Rockefeller art collection, which made $832 million at the 2018 auction in Christie’s. The couple had been collecting artworks since the 1950s and are said to collectively own some 150 works. Harry Macklowe is the founder of Macklowe Properties Inc., while his wife Linda is a trustee at the MMA and Guggenheim. Collectively, the couple is worth $2 billion.
In 2018, during their high-profile divorce case, the court ordered Harry and Linda to sell 65 artworks in their collection and split the revenues between themselves. Some of these works went up for auction at Sotheby’s in November, at a pre-sale estimate of $439.4 million. They ended up being sold for $676.1 million.
Now, the Macklowe couple is selling the rest of their works at another auction at Sotheby’s in May. The 30 works going up on the auction block include Andy Warhol, Mark Rothko and Gerhard the Richter. The pre-sale estimate is $200 million. Of this, an untitled 1960 Rothko painting is alone estimated to be worth between $35-50 million. Vanitas: Skulls and Self Portraits by Andy Warhol (1962), worth an estimated $15-20 million, will also be getting auctioned. The last highlight will be the monumental canvas by Rothko, titled Seestück (1975), estimate around $25-35 million.