Al Taubman
Mall magnate and philanthropist Al Taubman, who died in April at age 91, left behind quite an art collection.
Now, Sotheby's plans to auction off the collection.
Graham Bowley and Colin Moynihan write at The New York Times:
The auction house estimated that the sales, planned for November and January, would bring in more than $500 million, placing it in the ranks of the Yves St. Laurent sale that raised $477 million in 2009 at Christie’s in Paris.
While the collection does not include a standout trophy like the 1955 “Les Femmes d’Alger (Version ‘O’)” by Picasso that sold for $179.4 million at Christie’s in May, it is broad and deep, with 500 pieces in all, including furniture, many of them created by coveted names like Mark Rothko, Amedeo Modigliani and Raphael. Several of the most expensive pieces, such as Willem de Kooning’s “Untitled XXI” from 1976, with an estimate of $25 million to $35 million, have never been publicly auctioned.