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In the midst of a very public and nasty divorce, Harry and Linda Macklowe have been court ordered to sell off 65 works from their extensive art collection. With that news, Christie’s, Sotheby’s, and Phillips are all now competing for the chance to sell the Macklowe collection later this year.

Meanwhile Harry Macklowe has described himself to friends as ecstatic to depart the clutches of his ex wife. Linda Macklowe through her mouthpiece attorney declined to comment.

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In 1959, the couple, now in their 80s, began accumulating their collection. Over the years, it has grown to include more than 150 works, many of which are highly valuable items. Then, in 2018, as the Macklowes worked through their split, Justice Laura Drager of the New York Supreme Court ordered that the couple would need to sell off the 65 most valuable works in their collection. That portion, alone, is estimated to be worth around $700 million and thus an exciting prospect for the auction house who wins the bid. That 2018 decision also ruled that Mrs. Macklowe could keep $40 million worth of art from the collection but would have to pay Mr. Macklowe, who was remarried in March 2019 to Patricia Landeau, a former fashion exec.

Read more on Art Critique:

https://www.art-critique.com/en/2020/01/macklowe-collection/

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AAD REPORTS

AAD REPORTS   Reports, news and opinion from Art-Antiques-Design.com