Brooklyn Museum Reaps $19.9 Million From Sotheby’s Art Sale
- A Giacometti owned by Ron Perelman goes for almost $26 million
- Live-streamed auction generates a total of $283.9 million
Art traditionally comes to auction as a result of the three D’s: death, debt and divorce. This season, an additional D played a major role: deaccessioning, or sales, by museums.
An assortment of works from the Brooklyn Museum generated $19.9 million at Sotheby’s Wednesday sale, led by a mid-century dining table and a Claude Monet landscape. A monumental abstract painting by Helen Frankenthaler from the Palm Springs Art Museum surpassed estimates, selling for $4.7 million.