Linda Macklowe can hold on to her $700M art collection — at least for now

Prior ruling had ordered her to sell her famed art collection

TRD New York /
Mar.March 25, 2019 11:30 AM

Harry and Linda Macklowe (Credit: Getty Images and iStock)

The Macklowes’ bitter divorce proceedings aren’t over yet.

New York’s Appellate Division has granted Linda Macklowe’s motion to stay the court ruling that required her to sell her art collection as part of her divorce with billionaire developer Harry Macklowe. The artwork is estimated to be worth $700 million, but Linda and Harry were unable to agree on the figure during their divorce trial.

The court also denied her ex-husband Harry’s request to make any stay contingent on Linda posting a bond of at least $250 million and his request to make Linda file her appeal brief in 30 days.

Linda must file her appeal brief by July 8, and the court did not require any bond from her.

Her stay motion was based on arguing that the divorce court’s judgement had multiple errors that would likely be overturned on appeal and that selling the art collection she had accumulated over almost 60 years would cause her irreparable harm.

Harry recently married to Patricia Landeau, which he celebrated by posting a giant portrait of the two of them on 432 Park Avenue. He denied it had anything to do with Linda.

Representatives for Harry and Linda weren’t immediately available for comment.


Related Articles

arrow_forward_ios
209 Dean Street and 315 Adelphi Street (Google Maps)

Sprawling Brooklyn townhouses drive week’s priciest deals

Sprawling Brooklyn townhouses drive week’s priciest deals
The number of single-family homes on the market hit historic lows in July, driving prices up (iStock)

US housing supply reaches nearly 40-year low

US housing supply reaches nearly 40-year low
Gov. Andrew Cuomo with Judge Lawrence Marks and Judge Daniele Chinea (Getty, Linkedin, iStock)

Flip-flop on eviction ban extension highlights state’s chaotic response

Flip-flop on eviction ban extension highlights state’s chaotic response
Nelson Rockefeller and 812 Fifth Avenue Photos via Getty; StreetEasy; Google Maps)

Fifth Ave co-op owned by Rockefeller family hits market

Fifth Ave co-op owned by Rockefeller family hits market
Joe Jonas and Sophie Turner with 199 Mott Street (Getty; Modlin Group)

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M
A million homeowners haven’t requested forbearance on their mortgages — and are now at risk for foreclosure and eviction. (iStock)

1M struggling homeowners didn’t request forbearance. Now what?

1M struggling homeowners didn’t request forbearance. Now what?
(iStock)

Landlords lost about $9B in rental payments last quarter: report

Landlords lost about $9B in rental payments last quarter: report
Jennifer Lopez and Alex Rodriguez with their Malibu beach house (Getty; Courtesy Compass)

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...