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.
