New York magnate’s Picassos and Warhol soon to be sold for $ 600 million

Works by Pablo Picasso, Andy Warhol, Mark Rothko and Alberto Giacometti belonging to a divorced couple of New York billionaires will soon be auctioned by Sotheby’s for an estimated value of $ 600 million, the famous house announced Thursday. .

During an online press conference, Sotheby’s CEO Charles Stewart was pleased to have been entrusted with the auction – in November and May – of a total of 65 works, “the largest collection of modern and contemporary art ever released ”.

The auction house estimated that with a total value of $ 600 million, it was the highest estimate ever made for a sale of contemporary and modern art collections.

The collection is owned by New York real estate mogul Harry Macklowe and his former wife Linda, but justice was never able to determine its value during the couple’s high-profile divorce in the late 2010s.

The nose by Giacometti and the N°7 de Rothko’s could sell for $ 70 million each, according to Sotheby’s.

The famous Nine Marilyns de Warhol has been estimated at between $ 40 million and $ 60 million. A sculpture in wire and sheet metal of Picasso, designed as a funeral monument for the tenth anniversary of the death in 1918 of the poet Guillaume Apollinaire, could be negotiated around 20 million dollars.

Mr. Stewart has promised a “historic” auction which “will mark the art market and the history of Sotheby’s for 277 years”.

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