Sotheby’s has another strong Modern collection from Jerome H. Stone’s estate. Stone was a trustee of the Museum of Contemporary Art Chicago and founder of the Stone Container Corporation. The $40m collection includes 30 works some by Giacometti, Miró and this Léger, La Roue Bleue, État Définitif, estimated at $8 to $12m.

Mr. Stone and his wife assembled their collection mainly in the 1950s from major dealers, including Pierre Matisse and Sidney Janis. “Jerome Stone was one of a generation who was buying these when they were contemporary art — the paint was still wet,” [Simon] Shaw said. “These are the latest things from the European avant-garde. As such, this is a particularly rich window on a generation of collecting.”

[…]

Most of the collection will be offered in New York in Sotheby’s Impressionist and Modern evening and day sales on May 5 and 6 and in its contemporary day sale on May 13. Some works will be offered in Sotheby’s contemporary sale in Paris in June.

Brooklyn Bridge Park to Display Danish Artist  (NYTimes.com)