An auction at Sotheby’s raises $676m
The art market is changing
WHEN SOTHEBY’S raised the gavel on the season’s biggest art auction on November 15th the sellers, Harry and Linda Macklowe, did not arrive as one to watch the proceedings from the discreet skybox above the auction floor, as those disposing of a collection often do. The couple can hardly stand to be in the same room together. Their divorce, after nearly six decades of marriage, was so contentious that in 2018 a judge ordered them to sell 65 of their magnificent 20th-century artworks and split the proceeds.
This article appeared in the Business section of the print edition under the headline “Monet, Manet, Money”
Business November 20th 2021
- China’s communist authorities are tightening their grip on the private sector
- Shell mulls a breakup
- The business phrasebook
- An auction at Sotheby’s raises $676m
- The video-game industry has metaverse ambitions, too
- Times are good for American railways
- Walmart gets its bite back
- Wanted: a new senior business writer
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