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

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

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.

- Advertisement -

Discover

Sponsor

Latest

Arctic walrus spotted on Northumberland beachon November 14, 2021 at 2:24 pm

Conservationists appeal for people to stay away from the walrus at Seahouses to keep it safe.

US Supreme Court hears landmark abortion caseon December 1, 2021 at 4:37 pm

The court's eventual ruling may cut off abortion access for tens of millions of American women.Image source, Getty ImagesArguments before the US Supreme Court...

Greensill row: David Cameron ‘believes he should have sent letter’ to Rishi Sunak, says friendon April 9, 2021 at 8:31 pm

The former PM now thinks he should have written to the Treasury over Greensill Capital, says a friend.The former PM now thinks he should...

Covid-19: Queen’s vaccine call and ‘superhero’ mum inspires family of nurseson February 26, 2021 at 7:28 am

Five things you need to know about the coronavirus pandemic this Friday morning.Here are five things you need to know about the coronavirus pandemic...

Mohamed El-Erian: The stock market could still go back down to new coronavirus lows

KEY POINTS The stock market could still touch new lows as uncertainty around the coronavirus pandemic persists, Mohamed El-Erian argued Friday. “I don’t think we’re...