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Works in the Macklowe Collection Enumerated for Sale

December 14, 2018 by Marion Maneker

This court document with the Macklowe art schedules is available to AMMpro subscribers. Subscribers get the first month free on monthly subscriptions. Feel free to cancel at any time before the month is up. Sign up for AMMpro here. We’ll keep the initial sales reports outside of the paywall before they are only available to subscribers.

Judge Draper granted Linda Macklowe a list of 15 works that are sentimentally valuable to her in the Macklowe divorce. There is no dispute over the valuation for these works so Linda Macklowe can pay Harry Macklowe $20m for his half of the $40m the 15 works are worth and keep them for herself.

The remainder of the collection will be sold to determine its value fairly, Draper has decided. She divided those works into two schedules. The first represents the highest value works which carry very different appraisals from the experts each side hired. Here are those works and the value ranges between the two experts:

Schedule II

Andy Warhol Nine Marilyns $50m

Alberto Giacometti, Le Nez $35-65m

Michael Heizer Track Painting 1967 $150k-$1.7m

Robert Irwin, Untitled (1965-6) $2m v $8.5m

Jeff Koons Vest with Aqualung $10m – $11m

Jackson Pollock, Number 17 $35m  v $15m

The secnd schedule lists the works to be sold presumably in May of 2019 for which there are no agreed upon valuations:

Schedule III

Tauba Auerbach Untitled (Fold)
John Chamberlain Shamoonia
Jean Dubuffet Grand Nu Charbonneaux
Lucio Fontana Concetto Spaziale Attese
Alberto Giacometti Le Nez
Alberto Giacometti Bust of Diego on Stele II
Robert Gober Untitled (Butt)
Mark Grotjahn Untitled (Black Butterfly Over Blue)
Mark Grotjahn Untitled (Red Butterfly)
Mark Grotjahn  Untitled (2010)
Philip Guston Strong Light
Wade Guyton Untitled 
Wade Guyton Untitled (2008) 
Michael Heizer Track Painting 
Robert Irwin Untitled (1965-6)
Jasper Johns Untitled 
Donald Judd Untitled (1964) 
Anslem Kiefer Des Malers Atelier/Der Rhein Crosstown 1955 
Franz Kline  Crosstown 1955
Willem De Kooning Untitled 1961
Willem De Kooning Untiled XXXIII 
Willem De Kooning Untiled IV 
Willem De Kooning Untitled XIII 
Jeff Koons New Hoover Convertibles, New Shelton Wet/Dry Double Decker
Jeff Koons Baccarat Crystal Koons
Jeff Koons Vest With Aqualung
Roy Lichtenstein Mirror
Brice Marden  Point 
Brice Marden Elements IV 
Brice Marden 11 (to Leger) 
Agnes Martin Untitled No. 44 
Agnes Martin Untitled No. 11 
Agnes Martin Early Morning Happiness 
Agnes Martin Untitled No. 13
Pablo Picasso Jeune Homme
Pablo Picasso Study for the Monument to Guillaume Appolinaire
Sigmar Polke Plastik-Wannen
Sigmar Polke Rasterbild Mit Palmer
Sigmar Polke The Copyist
Sigmar Polke Seit Benzin-Und Heizolpreise Fallen
Sigmar Polke Untitled 1990
Jackson Pollock Number 17
Robert Rauschenberg Crocus
Gerhard Richter Sammler Mit Hund 
Gerhard Richter Untitled (Green)
Gerhard Richter Seascape 
Gerhard Richter Abstraktes Bild 
Mark Rothko Number Seven 
Mark Rothko Untitled 
Robert Ryman Untitled 
Robert Ryman Surface Veil #3 
Robert Ryman Swift
Richard Serra Periodic Table 
Rudolf Stingel Untitled 
Cy Twombly  Synopsis of a Battle 
Cy Twombly Untitled (Jupiter Island) 
Cy Twombly Untitled (2001)
Andy Warhol Blue Air Mail Stamps 
Andy Warhol Sixteen Jackies 
Andy Warhol Hammer and Sickle 
Andy Warhol Self portrait 
Christopher Wool Untitled

 

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