It’s the depths of the Summer vacation for the art world even though some auction house personnel are scrambling to line up consignments for the Fall’s sales season. With little else to do, idle minds turn toward speculation that the upcoming divorce of aged developer Harry Macklowe will provide much needed supply of high-quality works onto the market.
The real question is whether the legal wrangling will end with sale any time in the near future:
“They’re going to fight over everything. They’ve been fighting for 57 years.” […]
The source adds that the bitter feelings shared by the estranged couple go back to when Harry was forced to sell the jewel in his real estate crown, the General Motors Building, in 2008 as he sought to get out from a reported $7 billion in debt. The source said, “All the art and the marital property was in Linda’s name, and she refused to sell any of it to bail him out.” But another source countered, regarding the supposed marital disagreement over the GM Building sale, “That is completely untrue.”