Sotheby’s Auction to Sell Warring Macklowe Art Collection Brings in Record $676 Million
It was the art collection to beat all others with its impressive number of blue-chip works, and now, it’s sold: real estate developer Harry Macklowe’s and his ex-wife Linda’s five-decade-old trove of 35 masterpieces brought in $676 million on Monday evening in a court-ordered auction at Sotheby’s in New York. Sotheby’s estimated that the sale would bring in $400 million, but it far exceeded expectations and set the tone for the current market in the world of high-priced art.