Macklowe Art Collection Auction-Part II

On May 16, Sotheby’s will be having the second wave of the Macklowe/Burns collection up for sale and have released pictures of the never-before-seen masterpiece by Mark Rothko. One of Andy Warhol’s last self-portraits is among dozens of pieces to be auctioned this spring as part of the sale of one of the most significant collections of modern contemporary art ever gathered.

The sale was put in place to settle the billionaire couple’s tumultuous divorce. Their collection was amassed over the six decades they were married. Their atormeys nor themselves could put a price on it, so a judge ordered it to be sold. 

In case you missed it last November,  more than $676 million dollars was brought in from the first half of the collection, in the most valuable single-auction ever orchestrated at auction held by Sotheby’s.

Sotheby’s has revealed a further 30 works to be auctioned in New York in May.

Among these was Rothko’s Untitled from 1960, which is expected to fetch $35m-$50m. The work demonstrates Rothko’s ascension into his deeper colored phase as he pushed aside the bright colors he used earlier in his career. 

Rothko Untitled 1960, Photo: Sotheby’s

One of Warhol’s final works, a huge self-portrait painted, is expected to bring $15m-$20m. Vanitas: Skulls and Self Portraits by Andy Warhol; part of the artist’s “fright wig” series in 1986. The artist died just nine months after doing the work.

Andy Warhol, Self-Portrait, 1986
Estimate: $15-20 million. Photo: Sotheby’s

Gerhard Richter’s Seestück (Seascape), a large-scale painting from 1975, will also be sold. With them, paintings by Willem de Kooning – Untitled, from 1961 Untitled XIII, from 1984. Sotheby’s will also be selling other works, including Alberto Giacometti, Agnes Martin, Pablo Picasso, and Jeff Koons. 

ALBERTO GIACOMETTI, DIEGO SUR STÈLE II , 1958. ESTIMATE: $7-10 MILLION.Photo: Sotheby’s

“The November sale of 35 works from the Macklowe Collection enchanted top collectors worldwide, and with the second half set to be sold it is expected exceed even the Guggenheim auction of 2018. 

The Macklowe Collection, May 16, 2022. Preview Exhibitions:

Dates Subject to change. Please refer to Sotheby’s website for all updated information. 

London

February 22–March 2

Palm Beach

17–20 March

Shanghai

19–20 March

Taipei

14–15 April

Hong Kong

24–29 April