The $922 Million Macklowe Sale at Sotheby's Displaces the Rockefeller Estate as the Priciest Private Art Trove in Auction History

Sotheby’s auctioneer Oliver Barker fields bids during the Macklowe Collection auction. Photo courtesy of Sotheby's.

The collection of divorcees Harry and Linda Macklowe is officially the most expensive private trove ever to sell at auction, garnering $922 million at Sotheby’s and surpassing the previous total notched byThe astonishing result was achieved after the second half of the couple’s art treasures brought in $246.1 million at Sotheby’s in New York on Monday, with every single one of the 30 lots sold.

“I’m just so pleased that the paintings have found a new home, it makes me very happy,” Harry Macklowe told Artnet News on his way out of the auction house and into the drizzling night where an SUV awaited. “I was at the [Burton and Emily Hall] Tremaine auction, I was at the Rockefeller auction, I was at the [Robert and Ethel] Scull auction. I never thought I’d also be at the Macklowe auction but I was, and I’m amazed.

The Macklowe collection had been hotly anticipated by the market for years while the former spouses duked it out in court and lockdown further delayed the auction. The sale was ordered by a judge because the pair was unable to agree on valuations for the works, which they collected together over their nearly 60 years of marriage. Sotheby’s decided to split the trove across two seasons to avoid flooding the market with too many major works by the same artists all at once.in sales.

Ahead of the kickoff, some wondered whether Sotheby’s would be able to retain momentum after the first sale, which had higher-priced material and the element of novelty. While this iteration had less fanfare, “it was a very solid sale,” London-based art dealer Harry Blain said. “They took a position and it paid off.”

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