After more than a year, in-person auctions return to New York this week with the sale of the Macklowe collection -- the world's most expensive to h...
Highlights of the auction season include the sale of Mark Rothko's minimalist painting 'No. 7', estimated to be worth $70-90 millionNEW YORK - After more than a year, in-person auctions return to New York this week with the sale of the Macklowe collection -- the world's most expensive to hit the market.With sales starting November 15 estimated to bring in more than $1 billion in a week,"this is our largest sale season...
"A lot of people are looking at their walls, thinking about the art they want to add to their collection, because they're spending so much more time in their homes," said Emily Kaplan at Christie's, which resumes in-person auctions on Tuesday.In September, Sotheby's won the rights to sell the Macklowe collection, the subject of a legal dispute following the high-profile divorce of New York real estate developer Harry Macklowe and his ex-wife Linda in 2018.
Highlights include Alberto Giacometti's"The Nose", a suspended bronze the sculptor began working on in 1947, and Mark Rothko's minimalist painting"No. 7". Both are estimated to be worth $70-90 million. The painting, which depicts a voodoo figure surrounded by graffiti and numbers, is estimated at $40-80 million.
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