Divorce art auction raises $676 million in New Yorkon November 16, 2021 at 4:40 am

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The collection of 35 works included pieces by Andy Warhol, Jackson Pollock and Mark Rothko.

Sotheby's employees hold US artist Andy Warhol"s 'Nine Marilyn's'

Image source, EPA

Paintings and sculptures by famous artists including Andy Warhol and Jackson Pollock have sold at auction in New York.

The collection raised more than $676 million (£503m) at auction on Monday.

The 35 pieces belonged to real estate mogul Harry Macklowe and his former wife Linda. The pair were told to sell the collection and split the proceeds during their 2018 divorce trial.

A further 35 pieces of art are set to go up for auction next year.

The items up for sale included “No 7”, a painting by Mark Rothko which sold for $82.5m – the second highest price for a piece by the artist.

It’s not clear who the buyer was but according to Reuters news agency, there was fierce bidding among people representing Asian clients.

“Number 17, 1951”, a piece by Jackson Pollock, fetched $61.2 million.

Andy Warhol’s “Nine Marilyn’s” silkscreen, which was made shortly after the actress Marilyn Monroe’s death, fetched $48.5 million.

The collection was estimated to be worth $400 million and had toured several locations including Taipei, Hong Kong, Paris and London before returning to New York.

Art dealer Andrew Fabricant told the New York Times that Linda Macklowe was the main collector and he had sold her many pieces that went up for auction on Monday.

“Every single work in here is subtle and unique,” he said.

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