Billionaire Macklowe's Divorce Ruling Sets $700 Mln Art Sale
- New York divorce judge orders split of $2 billion in assets
- Developer accumulated one of world’s renowned art collections
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New York developer Harry Macklowe and his estranged wife, Linda, were 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.
New York State Supreme Court Justice Laura Drager in Manhattan ruled Thursday that the Macklowe art trove amassed during 59 years of marriage should be sold and the profits shared. In a sign of the acrimony that fueled a prolonged legal dispute, the couple couldn’t agree on what the collection was worth -- Harry’s expert said $788 million, while Linda’s said $625 million.