Bitter Macklowe divorce resolved with judge's decision to sell art collection; More suprise Wojciech Fangor sales; Tiffany blows out design sales with record $3.4m lamp; WME's 70% stake in Frieze gets wider notice
This commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)
Harry Macklowe Wins Round 1 of Divorce Battle
Page Six reported today that Harry and Linda Macklowe have heard from the NY Supreme court that they should sell their huge art collection and split the proceeds. Linda Macklowe had wanted to keep the art which she valued at $625m. Harry thinks it can make $788m. The court thinks they should sell and find out:
- Linda, a Guggenheim Museum trustee, will get to keep another $40 million worth of art so she can “continue to enjoy her involvement in the art community,” Drager wrote. The carve-out includes eight additional works by Jeff Koons and nine pieces by Pablo Picasso.
The decision is likely to be appealed by Linda Macklowe but this ruling brings the possibility of the Macklowe collection selling a bit closer. The sale would be a major market event.
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