![]() ![]() ![]() The 65 works in the collection will be sold in two separate sales - on Nov. ![]() A guarantee means Sotheby's agrees to pay the seller a certain price, regardless of the eventual auction prices. Sotheby's declined to talk about the process of winning the sale, but people familiar with it say Sotheby's offered a guarantee of $650 million to $700 million. It was expected to come up for sale last year, but the court-appointed receiver for the collection, Michael Findlay, delayed the sale due to the pandemic. Harry Macklowe, who built some of the tallest and most expensive residential towers in Manhattan, said the collection was valued at close to $800 million, while Linda Macklowe put its value at closer to $600 million.Ĭhristie's, Sotheby's and many of New York's other top art dealers have been vying for years to sell the collection. She also ordered the art collection to be sold and the proceeds divided, since the couple was fighting over its value. In 2018, a Manhattan judge ordered their $2 billion in assets and property be split in half. The sale has been years in the making, and follows the Macklowes' 2016 divorce. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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