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

TRD 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
445 Fifth Avenue and Harbor Group's Jordan Slone (Google Maps)

Harbor Group sued after defaulting on $40M loan at Midtown retail space

Harbor Group sued after defaulting on $40M loan at Midtown retail space
A rendering of 121 Morgan Avenue in Bushwick and Benefit Street Partners’ managing director Micah Goodman (Photos via EXR; Benefit Street Partners)

Brooklyn developer duo hit with foreclosure lawsuit

Brooklyn developer duo hit with foreclosure lawsuit
Keith Gelb and Bill Walton with 63 and 67 Wall Street (Rockpoint, Google Maps)

Rockpoint Group settles alleged rent-stabilization violations for $5M

Rockpoint Group settles alleged rent-stabilization violations for $5M
Mary Trump and President Donald Trump (Photos via LinkedIn and Getty)

Mary Trump sues her family for real estate inheritance “fraud”

Mary Trump sues her family for real estate inheritance “fraud”
331 Park Avenue South (Google Maps)

Investors accuse Prodigy Network of fraud at troubled Park Ave development

Investors accuse Prodigy Network of fraud at troubled Park Ave development
220 East 42nd Street and SL Green CEO Marc Holliday (SL Green)

SL Green, Chetrit settle lawsuit over Daily News building

SL Green, Chetrit settle lawsuit over Daily News building
A U.S. District judge has given tenants a seat at the table in the legal challenges to New York’s rent law, defying attorneys representing landlords. (iStock)

Tenants get seat at table for legal challenges to rent law

Tenants get seat at table for legal challenges to rent law
Sonder CEO Francis Davidson and Nathan Berman with 20 Broad Street (Images via CityRealty; Twitter)

Sonder accuses Metro Loft of hiding legionella at 20 Broad

Sonder accuses Metro Loft of hiding legionella at 20 Broad
arrow_forward_ios

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

Loading...