Press Release

New York | White Glove Result for The Macklowe Collection | November 2021

New York
The Macklowe Collection Achieves Historic $676.1 million

Most Valuable Single Owner Auction Ever Staged &
Most Valuable Auction Ever Held at Sotheby's

Landmark Auction Far Exceeds Pre-Sale Estimate

Two Works Exceed $70 Million:
Mark Rothko’s No. 7 Sells for $82.5 Million &
Alberto Giacometti’s Le Nez Achieves $78.4 Million

4 Works Sell for More than $50 Million
12 Works Sold for over $20 Million
20 Works Sell for More than $10 Million

“The Macklowe Collection is a compendium of masterpieces like no other - its visceral and intellectual power proved completely irresistible to collectors the world over.”
Brooke Lampley, Sotheby’s Chairman & Worldwide Head of Sales for Global Fine Art

“The market raised its hand tonight, not just for masterworks, but to honor the art of collecting at its highest level.”
Mari-Claudia Jimenez, Sotheby’s Chairman & Worldwide Head of Business Development for Global Fine Arts

NEW YORK, 15 November – In a dynamic saleroom with more than 300 attendees and a worldwide audience generating a further one million views online, this evening’s highly-anticipated sale of 35 works from The Macklowe Collection etched its name into history as the most valuable single owner sale ever staged, and the most valuable sale ever held at Sotheby’s.

Totaling an above-estimate $676.1 million, the sale saw collectors from around the world compete for museum-quality works that together chart the greatest artistic achievements of the last 80 years.

Download the full press release here.

About Sotheby's

About Sotheby’s
Established in 1744, Sotheby’s is the world’s premier destination for art and luxury. Synonymous with innovation, Sotheby’s promotes access, connoisseurship and preservation of fine art and rare objects through auctions, private sales and retail locations. Our trusted global marketplace is supported by a network of specialists spanning 40 countries and 50 categories, which include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits, and Interiors, among many others.

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*Estimates do not include buyer’s premium. Prices achieved include the hammer price plus buyer’s premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.

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