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Mnuchin's Dad Is Selling a De Kooning for as Much as $35 Million

  • Abstract painting ‘Untitled XXII’ is being sold by Sotheby’s
  • It will be offered during bellwether auctions in New York
Untitled XXII by Willem de Kooning
Untitled XXII by Willem de KooningSource: Sotheby’s New York

Bob Mnuchin, the art dealer father of U.S. Treasury Secretary Steven Mnuchin, is preparing to sell an abstract painting by Willem de Kooning, 15 years after acquiring the work for a fraction of the price.

Mnuchin will offer de Kooning’s “Untitled XXII" at Sotheby’s next month as part of its contemporary art auction in New York, according to a person with knowledge of the matter, who asked not to be identified as the details are private. The work is estimated at $25 million to $35 million, Sotheby’s said, declining to name the seller.