The art collection of Real Estate Mogul Harry B. Macklowe and his ex-wife Linda has been on the market for years. Their art collection is worth between $676 million and $700 million, according to their separate divorce settlements. The art collection accounted for 60 to 75 percent of the couple’s assets. It isn’t clear how much this collection was worth, but it’s still a swell asset.
In the wake of their divorce, real estate mogul Harry Macklowe and his ex-wife Linda’s art collection will be auctioned off at Sotheby’s. The couple had been married for 50 years, and they accumulated a massive art collection that has a combined value of more than US$2 billion. The couple agreed to sell the 65 most valuable pieces of their collection, which includes works by Pablo Picasso and Andy Warhol.
The art collection was sold at Sotheby’s for $922.2 million, setting a record for the most expensive art collection ever sold at auction. The divorced couple are separated, and Harry has not stayed in touch with his ex-wife. But he is reportedly living with Patricia Burg. The art collection is a testament to how much Macklowe values art.
Aside from the art collection, the Macklowes also own some of the most famous pieces of contemporary art. The auctioneer Sotheby’s CEO, Charles Stewart, has been working on the collection for decades. He attended Yale University, and lives in New York City with his family. He’ll become a shareholder in Sotheby’s and serve as a senior advisor to the company. And the auction house is owned by Patrick Drahi, another real estate mogul.
After separating from his first wife, Real Estate Mogul Harry Macklowe and his ex-wife Linda, the couple erected a billboard featuring them on 432 Park Avenue. They also installed portraits of themselves on the building’s side. The entire collection is reportedly worth $1 billion. Despite his recent marriage to Patricia Landeau, Macklowe still has unfinished business with his former wife, Linda.
Despite their lavish lifestyle, the Macklowes have argued that it’s time for them to part ways. According to a report by TBEN, the couple had a net worth of between $900 million and $1 billion before their divorce in 2018. They split their fortunes in 2018, leaving each other with between $450 million and $550 million.
The sale of the art collection by the Macklowes will be held at Sotheby’s in the fall. The first auction of the collection brought a record $676 million. The combined sale of the collection will top the $832 million record set by the late banker David Rockefeller’s art collection in 2018. The Macklowes’ collection includes works by Andy Warhol, Mark Rothko, Pablo Picasso, Albert Giacometti, Sigma Polke, Wille de Kooning, and many others.