The Macklowes’ massive art collection nears auction

A judge in the couple’s high-profile divorce ordered their art collection be sold because the former couple could not agree on the value

New York /
Jan.January 16, 2020 08:36 AM
Harry and Linda Macklowe (Credit: Getty Images, iStock)

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

In Harry and Linda Macklowe’s famously bitter divorce, a new battle is playing out.

Auction houses Sotheby’s, Christie’s and Phillips have all been invited to submit pitches to determine who will sell the couple’s valuable art collection, after a judge in their divorce proceedings ordered it be liquidated.

It is unclear exactly when the auction will be held. However, a fresh round of major auctions is reportedly slated for May.

“It will be a fun event in the spring,” Josh Schiller, a partner at Boies Schiller & Flexner who represents Harry Macklowe, told Bloomberg.

The auction comes at a crucial time in the fine-art market, after 2019 saw a decline in high-end art sales at auction.

The decision to sell the works followed an order from New York State Supreme Court Justice Laura Drager, who is handling the proceedings, after the couple couldn’t agree on the value of the works.

The collection includes works by Andy Warhol, Jeff Koons and Willem de Kooning. [Bloomberg] — Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
(Illustration by The Real Deal with Getty)
Developer fires back as Saddle River blocks affordable housing
Developer fires back as Saddle River blocks affordable housing
560 Seventh Avenue and Sharif El-Gamal (Margaritaville Resorts; Getty)
Synagogue sues Sharif El-Gamal over missing space
Synagogue sues Sharif El-Gamal over missing space
Corcoran Global Living's Michael Mahon (Corcoran, Getty)
Turmoil at Corcoran Global Living: CEO accused of fraud
Turmoil at Corcoran Global Living: CEO accused of fraud
From left: Peter Hungerford, Shai Segev, and Michelle Haruvi (Getty, LinkedIn, Zillow)
She wanted a piece of the Haruvi empire. She got an eviction notice instead
She wanted a piece of the Haruvi empire. She got an eviction notice instead
JDS Development’s Michael Stern and renderings of Two Bridges (JDS, Getty)
JDS hits snag after ruling on Two Bridges project
JDS hits snag after ruling on Two Bridges project
Lightstone Group's Mitchell C. Hochberg and 130 William Street (Getty, 130 William Street, Lighstone)
Buyer sues Lightstone over $19M FiDi condo deal gone bad
Buyer sues Lightstone over $19M FiDi condo deal gone bad
350 East 52nd Street (Google Maps)
Landlord seeks $10M from mom over rent overcharge claims
Landlord seeks $10M from mom over rent overcharge claims
198 Scholes Street, 11 Gunther Place, 506 Dekalb Avenue and 65 Kent Avenue (Google Maps)
Avi Philipson to All Year: Get me out of here
Avi Philipson to All Year: Get me out of here
arrow_forward_ios

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

Loading...