The New York Times’s Robin Pogrebin has the news that Tobias Meyer is now advising the Newhouse family on the disposition of SI Newhouse Jr’s art collection.
Si Newhouse was an active buyer and seller of art. His purchase of Warhol’s Orange Marilyn in 1998 for $17.3m marks the beginning of the 20-year run in the Warhol market that effectively ended in 2014.
That sale was also the beginning of the current boom in Contemporary art. Newhouse also made headlines a decade earlier when he bought Jasper Jonhs’s False Start also for $17m.
That work was eventually sold to David Geffen along with a group of other works including a Barnett Newman. Geffen, in turn, sold the Johns to Kenneth Griffin in 2006 for $80m and completing an exceptional provenance that ran from taxi baron Robert Scull to oil-services heir Francois de Menil, through Newhouse and Geffen to Griffin.
In addition to False Start, Newhouse owned Mondrian’s Victory Boogie-Woogie and Robert Rauschenberg’s Winter Pool, according to Architectural Digest and
Paintings by Jackson Pollock, Helen Frankenthaler, Morris Louis, Kenneth Noland[…], and more wrapped the living room in vibrant polychromes and stark blacks-and-whites, joined by cutting-edge sculptures by Sir Anthony Caro, Leroy Lamis, David Smith, Mark Di Suvero, Isaac Witkin, and Ruth Vollmer. A Liberman work, in the form of a large black disc, was mounted on the ceiling like a mod medallion.
Former Sotheby’s Auctioneer to Advise on Newhouse Art Collection (The New York Times)