The works of Pablo Picasso, Marc Rothko, Andy Warhol and other contemporary artists are the property of entrepreneur Harry McLaugh and his wife Linda
Works by Pablo Picasso, Marc Rothko, Andy Warhol and other contemporary artists will be sold at auction by Sotheby’s at the behest of a US court as part of the division of property in the divorce of a family of billionaires, the Associated Press reported.
Thirty works of art from the McLaughl collection will change owners on May 16 in New York.
The works are in the possession of entrepreneur Harry McLaw and his wife Linda,
who for four decades collected works by the greatest masters of the brush of the twentieth century. Many of the paintings were exhibited in the huge apartment of the family in New York.
After they separated in 2016, a judge ordered the collection sold off as part of a divorce agreement. The works, which will be sold in May, are expected to reach hundreds of millions of dollars.
Sculptures by Picasso, Alberto Giacometti and Jeff Koons
will also be included in the bidding organized by Sotheby’s. This is the second auction of works of art from the McLaw collection. The first was in November and included 35 exhibits that raised a total of $ 676 million – the highest ever achieved by Sotheby’s.
Then the multi-colored canvas “No. 7 “by Rothko, reaching a price of 82.4 million USD,” Number 17 “by Jackson Pollock – for 61 million USD and” Sixteen times Jackie “by Andy Warhol – for almost 34 million USD.
The public exhibition of the works before the auction is scheduled to begin on March 2
at the London branch of Sotheby’s. The artwork will then be in Palm Beach, Taipei, Hong Kong, Shanghai and New York.
