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Mega Collectors Judged to Sell Art Treasures in Divorce
Mo Money, Mo Problems.
Art Stuff 17 Dec 2018

New York developer Harry Macklowe and his estranged wife, Linda, were just ordered by a divorce judge to split their $2 billion fortune, which means selling “an internationally renowned collection” of modern art from the likes of Pablo Picasso and Andy Warhol worth hundreds of millions of dollars.
Harry-Macklowe-Linda-Macklowe-patrick-mcmullan-e1464788355886-1024x797
Last Thursday, it was ruled, that the works in the collections, amassed during 59 years of marriage, should be sold and the profits shared. During previous conversations, the couple couldn’t agree on what the collection was worth — Harry’s expert said $788 million, while Linda’s said $625 million.
Among the 165 works of the collection are pieces by Willem De Kooning, Jeffrey Koons and a Giacometti sculpture titled “Le Nez,” which one expert valued at $35 million and another estimated at $65 million. The Macklowes also own Warhol’s “Nine Marilyns” portrait of Marilyn Monroe valued at $50 million.
The collection is just a fragment of the former couple’s $2 billion fortune amassed over a 59-year marriage, which will all be split.

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