Business | Monet, Manet, Money

An auction at Sotheby’s raises $676m

The art market is changing

Twombly for the price of one

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”

The triumph of big government

From the November 20th 2021 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Business

An eagle sweating in his bed with a sign showing a red downward arrow attached to the end of the bedframe

Germans are world champions of calling in sick

It’s easy and it pays well

The illustration shows a man and a woman standing on separate stacks of coins.

Knowing what your colleagues earn

The pros and cons of greater pay transparency



Donald Trump’s America will not become a tech oligarchy

Reasons not to panic about the tech-industrial complex

OpenAI’s latest model will change the economics of software

The more reasoning it does, the more computer power it uses

Donald Trump once tried to ban TikTok. Now can he save it?

To keep the app alive in America, he must persuade China to sell up