Sotheby’s exhibits Taubman collection prior to sales

25 Oct 2015 | Author: | No comments yet »

Sotheby’s exhibits huge Taubman collection prior to sales.

NEW YORK (AP) — A. Alfred Taubman, the late billionaire developer and former owner of Sotheby’s auction house, was a boundless art collector whose taste spanned every period, genre and medium, from works of antiquity to contemporary art. In advance of a series of sales of his 500-piece collection — believed to be worth more than $500 million — Sotheby’s has transformed its building inside and out to give a real sense of its depth and scope. Beginning Friday, Sotheby’s New York is holding its preview exhibition for four days only, from Saturday through Tuesday, goes on sale November 4, kicking off two weeks of blockbuster sales at Christie’s and Sotheby’s. The lineup features names of Willem de Kooning, Pablo Picasso, Mark Rothko, Alberto Giacometti, Amedeo Modigliani, with price tags run $25–$35 million.

If it reaches its estimated $500 million trophy, it would be the most valuable private collection sold at auction, vying the $477 million sale of designer Yves Saint Laurent’s estate at Christie’s in Paris in 2009. Artworks are arranged not by period but more as they might have hung in Taubman’s numerous homes, in Manhattan; Detroit; Palm Beach, Florida; and Southampton. “What I would like people to come and see and walk away with is that there is no categorical segmentation of great art,” said Alex Rotter, Sotheby’s co-head of contemporary art. On Nov. 18, works of American art go on the auction block, including a large landscape by Martin Johnson Heade, “The Great Florida Sunset,” painted in 1887.

He is credited with transforming Sotheby’s into a global powerhouse, but his reputation was tarnished in 2001 when he was convicted in a price-fixing scandal that embroiled the auction house.

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