The evening sale of 30 works will take place on May 16 at Sotheby's New York, and could bring in $200 million.
Estimated at $35 million–$50 million, an untitled Rothko painting from 1960 seems poised become one of the most expensive artworks sold at auction this spring. It has never been exhibited publicly., a large-scale self-portrait featuring the Pop artist’s face overlaid with a camouflage patterning, is estimated at $15 million–$20 million. Richter’s monumental canvas 1975, a blurry view of an ocean horizon, is estimated at $25 million–$35 million.
Sotheby’s chairman and worldwide head of business development for global fine art, Mari-Claudia Jimenez, said the result achieved in the November sale—which far surpassed its $439.4 million estimate—was encouraging. Amid what she described as “a deep market for masterpieces,” Jimenez predicted that this second Macklowe would also exceed expectations.
Combined, the two Macklowe sale hold the highest estimate ever placed on a single-owner collection at auction. That estimate rivals the one for the Rockefeller collection sale at Christie’s in 2018, which made $832 million, against an estimate of $500 million. In 2018, during a contentious divorce trial, a New York judge ordered Harry, founder of Macklowe Properties Inc, and his wife Linda, a trustee of the Metropolitan Museum of Art and Guggenheim Museum, to sell 65 artworks from their $2 billion fortune and to split the proceeds. Those works were said to be worth $700 million. The couple started collecting in the late 1950s, and had over the course of several decades acquired more than 150 works.
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