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The Macklowe Collection Tops $922 Million at Auction - The New York Times
May 17, 2022 1 min, 15 secs

Blue-chip treasures from one of Manhattan’s most acrimonious billionaire divorces on Monday night helped Sotheby’s achieve what it called a record total sale for a private collection of art at auction, $922 million, with fees.

The first installment of the sale, in November, raised $676.1 million from 35 lots, topped by works by Mark Rothko ($82.5 million) and Alberto Giacometti ($78.4 million).

As is the nature of sequels, the second Macklowe sale, comprising 30 lots, wasn’t quite in that league, but works by Rothko at $48 million, Gerhard Richter at $30.2 million and Andy Warhol at $18.7 million pushed the final total, which Sotheby’s said, eclipsed the sale of the Peggy and David Rockefeller Collection in 2018 for $835.1 million, before inflation, at Christie’s.

There were a few noteworthy lots that exceeded expectations, such as a 1961 orange and yellow de Kooning that sold for $17.8 million over a high estimate of $10 million and Sigmar Polke’s “The Copyist,” which sold for $6 million over the high estimate of $4 million.

Gyorgy said that the Macklowe sale showed there was still plenty of demand for works by museum-validated names, provided they were of A-plus quality.

Christie’s 2018 charity sale of the Rockefeller collection — a marathon dispersal of art and antiques compiled in a different era of collecting taste — comprised 1,580 lots offered in six live sales and one online-only auction.

“I never thought I’d see a sale of the Macklowe collection,” Harry Macklowe said in a post-sale news conference, reflecting on all the auctions he had attended himself as a collector

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