White Glove Sale of The Macklowe Collection Totals $676 Million

Tuesday, November 16, 2021
White Glove Sale of The Macklowe Collection Totals $676 Million

The highly anticipated sale of The Macklowe Collection realized a total $676.1 million on the strength of fresh-to-market masterpieces by the most important artists of the last 80 years.

The highly anticipated sale of The Macklowe Collection realized a total $676.1 million on the strength of fresh-to-market masterpieces by the most important artists of the last 80 years. Highlights of the evening included Mark Rothko’s No. 7, which sold for $82.5 million, Albert Giacometti’s Le Nezwhich achieved $78.4 million, Jackson Pollock’s Number 17, 1951, which more than doubled its low estimate to achieve $61.2 million, a new artist record, and Cy Twombly’s monumental Untitledwhich sold for $58.9 million.

Acquired over the course of half a century, the collection reflects decades of pursuit, honing and refining, driven by immense patience and an innate understanding of quality. The sale of The Macklowe Collection will continue in May 2022, with even more blue-chip art coming to auction at Sotheby’s.

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