Macklowe Collection Realises $676m

November 16 2021

Image of Macklowe Collection Realises $676m

Picture: Sotheby's

Posted by Adam Busiakiewicz:

It seems that all's well at the top end of the art market.

Sotheby's New York's Macklowe Collection sale of Modern and Contemporary Art realised an eye watering $676m (inc. commission) yesterday evening. The sale was instigated by the divorce of collector Harry Macklowe and his museum trustee ex-wife Linda.

Press reports have heralded the sale as the greatest test for the high-end art market since the beginning of the pandemic. In fact, the sale passed the test with flying colours as each of the 35 lots in the evening sale were sold. The top lot was Rothko's No. 7 (1951) which realised $82.5m (inc. commission).

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