Art collection featuring Warhol, Picasso heads to auction, valued at $600 million
The Peninsula
Sotheby's on Thursday announced the sale of a private modern and contemporary art collection featuring Andy Warhol and Pablo Picasso pieces valued at more than $600 million, saying that was the highest estimate ever placed on any collection to come to auction.
The 65 works in the Macklowe Collection represent "an unrivalled ensemble that charts the high points of Western artistic achievement of the last 80 years," Sotheby's said in a press release. "There can be no doubt that this sale will captivate top collectors from around the world and that it will make history as a defining moment in the art market,” said Charles Stewart, Sotheby's chief executive officer, at a livestreamed press conference on Thursday.More Related News