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Massive Art Trove From Macklowe Divorce Edges Closer to Auction

  • Collection with Rothko, Warhol may be worth about $700 million
  • Sotheby’s, Christie’s, Phillips prepare to compete for mandate
RF art gallery

Source: Getty Images

The battle for one of the biggest art collections on the market is about to begin.

Sotheby’s, Christie’s and Phillips were invited to submit proposals to sell the collection of Harry and Linda Macklowe, two octogenarians in the middle of a bitter divorce. A judge ordered the couple’s 65 most valuable works to be sold and the proceeds split.