untitled design

A resounding divorce, an auction and $ 600 million worth of artwork

When in 2016 his divorce erupted like lightning Harry and Linda McClow, everyone in New York high society was shocked. They were shocked because the couple was already counting 57 years of marriage and it was clear that they intended to stay together for the rest of their lives.

The couple, that is broker and consultant of the renowned Guggenheim Museum, he divorced in his old age and apart from a time-consuming and mentally painful division of their (untold) fortunes, there was also a “thorn” that had to be overcome only with the help of lawyers: the approximately 65 works of art that the couple had collected during their 57-year life together.

Finally, after constant delays and legal setbacks for two years, the very expensive $ 600 million collection they are finally sold – and we are not talking about a simple collection as it consists of their works Giacometti, Rothko, Picasso, Warhol, Richter and other leading representatives of modern art.

The auction has been undertaken by the British auction house Sotheby’s, who will run it on two different dates, on the one hand on November 15th and on the other hand him May 2022, as 65 works cannot be sold in a single day.

The house itself, as reports the extensive Forbes article, described the collection under sale as “historic”. The 65 pieces that will come out of the hammer are expected to catch about 600 million dollars, however the problem in this case is that Lawyers on both sides disagree on the true value of some works. And the differences are not in the range of $ 5-10,000, but of $ 1-2 million, which may make the auction even more problematic in its process.

“The McClow collection is in itself a category comparable to all modern and contemporary art collections,” said Charlie Stewart, CEO of Sotheby’s.

“It will undoubtedly fascinate top collectors from around the world, the sale will make history and become a milestone for our house”, emphasizing that it is “one of the most important and high quality collections of contemporary art that has ever come on the market”.

“This collection has been collected with unparalleled attention for several decades,” he said of course he is right. Because the numbers ίζουν are stunning.

For example, one Giacometti sculpture sold for $ 70 million. A similar assessment has been made in Rothko’s “No 7”, a painting 8 meters high, from 1951.

From 40 to 60 million dollars will catch one Warhol painting, “Nine Marilyns”, a work based on a 1953 photograph by Marilyn Monroe from the movie “Niagara”.

At the same price is around one giant table of Sai Tuobli since 2007 with red peony flowers, one of a group of six paintings known as “A Scattering of Blossoms”.

The Maclow scandal

Born in 1937, Harry McLaughlin was the one who filed for divorce from his ex-wife in 2016. This came out relatively quickly and “Bloodless” following a $ 1.3 billion deal.

A year later, Harry remarried his French mistress, Patricia Lazar-Lando, museum curator, and twenty years his junior.

However, old Croesus made a mistake that νεύ irritated Linda: he provocatively celebrated his new relationship and this turned him into a boomerang.

Shortly after his marriage to the 65-year-old, he posted two huge 13-meter-high photographs, each depicting him and his future wife smiling, on the front of a skyscraper he owned.

In this building, however, located in Billionaire’s Row in Manhattan, his ex-wife was also claiming an apartment and many commented at the time that this move was a misstep on his part with the ultimate aim of prevent Linda from claiming the expensive $ 72 million apartment.

When he saw the photo, Linda got angry and tore up their agreement asking for more money. The couple hired the best lawyers in New York and there began a… Golgotha ​​of the detailed counting of the property of each.

This was followed by an examination of both accounts, which showed that he did indeed owe more than expected and that she owed much more than originally reported.

Then they shared, after hard work and suffering, apartments in Manhattan, a holiday home in the Hamptons worth $ 19 million next to that of Steven Spielberg and one luxury yacht 46 meters which has been awarded and is valued at $ 24 million.

Somehow, the competent court ordered in 2019 the works of art that belong to both to be put up for auction.

The rest is history. Of Art or in general.

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