The Tamesis
$100 million worth of treasures by 20th-century masters Jackson Pollock and Constantin Brancusi will lead Christie’s New York art auction in May, drawn from the collection of media giant SI Newhouse. Art Network News has been revealed.
Although Christie’s has not yet confirmed art networkIf both estimates are met, the report says, it would far exceed the current auction highs for these artists. The 40-piece collection, which includes works by giants such as Jasper Johns and Pablo Picasso, is reportedly worth $450 million.
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The late Newhouse and his wife Victoria often appeared on art news A list of the top 200 collectors, which states that they are said to have spent up to $700 million on art collections. After Newhouse’s death in 2017, his family entrusted the safekeeping of his collection to Tobias Meyer, Sotheby’s former chief auctioneer and art consultant, according to the New York Times. new york timesadding that the collection includes works such as Andy Warhol’s 1964 painting of Marilyn Monroe, Photography Orange Marilynand Lucian Freud’s 1993 self-portrait Painter work, reflection. The newspaper noted that decisions still need to be made on what to sell and when.
Acquired by financier Ken Griffin Photography Orange Marilyn Shortly after Newhouse’s death, he was sold privately for approximately $200 million. art network noted that Christie’s auction house has sold $400 million in sales from his collection, about half of which were his works. Sixteen of the works were sold in May 2023 for approximately $178 million, including works by Francis Bacon, Willem de Kooning and Picasso.
Christie’s sets Jeff Koons record in 2019 with publisher’s sculpture rabbit (1986), sold for $91.1 million, a new high for a living artist.
Works to be auctioned art networkincluding Pollock’s drip paintings No. 7 (1948), had a price tag of approximately $100 million—far exceeding his current record of $61.2 million. Also available: Brancusi Danaid (1913), bronze head with brown patina and gold leaf, estimated at $100 million. The Romanian artist’s current peak net worth is $71.2 million.
While the art market is struggling to recover from a multi-year slump, last November’s influx of trophy works, especially from Sotheby’s, provided a much-needed boost. Christie’s will undoubtedly hope that the Newhouse collection of masterpieces will offer more of the same.
