The estate of top collector and casino tycoon Elaine Wynn, who died last April, has decided on the future of the famous art holding company and has held several auctions in November and visited the museum next year.
Wynn appears ArtnewsAlone and her ex-husband Steve Wynn have multiple lists of the year’s highest 200 collectors. She is known for her blue film series, which includes major names since the 19th century, including Pablo Picasso, Édouard Manet, Joan Mitchell, Lucian Freud and Francis Bacon.
“My mother celebrated every piece she collected,” Gillian Wynn, one of her two daughters, said in a statement. “She felt lucky to live with everyone, but always understood that she was just a temporary custodian. Good artistic moves and provoking us, then had to continue doing the same for others.”
The Los Angeles County Museum of Art (Wynn) has served on the board since 2015 and will receive Francis Bacon until her death Three studies by Lucian Freud (1969), Wynn paid $142.2 million at a Christie’s auction in 2013. At the time, the painting broke the record of the most expensive artwork sold at auction.
This is the first bacon piece to enter the Lacma series, which will be part of the opening of Lacma’s upcoming new building (David Geffen Galleries) when it will open next year. Wynn previously donated $50 million to fund the structure designed by Peter Zumthor.
LACMA director Michael Govan said in a statement: “Elaine is one of the most generous and supportive leaders in LACMA’s entire history. She is our biggest champion and passionate about the accessibility of art. Thanks to Elaine’s incredible generosity, Bacon’s masterpiece will belong to Lacma and the public.”
Francis Bacon, Three studies by Lucian Freud1969.
©Francis Bacon/The estate of the Los Angeles County Museum of Art, a gift from Elaine P. Wynn
Christie also announced that it will sell 20 works of Wynn’s Collection as part of “Elaine: Elaine Wynn’s Collection,” which will be distributed among three sales during the fall sale of homes in New York. Nine will be on display at night sales in the 20th century, two will be on sale in the 21st century, and nine will be on sale in the post-war and contemporary day sales. The plots are expected to reach at least $75 million.
Among her Las Vegas, Los Angeles and New York homes, the highlight of Wynn’s collection is Richard Diebenkorn’s Ocean Park #40 (1971) and Lucian Freud The painter is surprised by the naked admirer (2004-05), the two are expected to sell for between $15 million and $25 million.
Additionally, Christie will sell Joan Mitchell’s 1969 Sunflower v (Estimated $12 million – $18 million), JMW Turner’s Child Harold of Byron ($12 million to $18 million), Fernand Léger’s 1921 Les Consecons (Les Deux Femmes Au Bouquet) ($6 million – $8 million) and Wayne Thiebaud’s 2000 paintings River stretch ($3 million to $5 million). Turner’s work is the oldest, and as part of the sale, was first exhibited at the Royal Academy in 1835.
JMW Turner’s Child Harold of ByronThis was first exhibited in 1835 and is expected to be sold for $12 million to $18 million.
Courteous Christie
“Elaine Wynn’s collection is guided by the same curiosity, enthusiasm and style,” Christie’s vice-chair of 20th and 21st century art, said in a statement. “From Turner’s poetic masterpiece, her interests have been over 150 years, EhrenbreitsteinFreud’s self-portrait; from Seurat’s exquisite Parisian view to Richard Diebenkorn’s most beautiful Ocean Park #40;Amazing from Joan Mitchell Sunflower v To Olga de Amaral. Ms. Wynn is unique and it is not honored to work with her family and celebrate her collection and celebrate herself at Christie’s home this fall. ”
The collection is the second collection, and by far the most striking collection announced for sale in New York this fall, a shaky international art market. About a week ago, Christie announced that it also received Robert F. Weis, former chairman of Weis Markets, had more intimate collections than Wynn. Most of the works to be offered were rarely loaned to museums.
Richard Diebenkorn Ocean Park #40 (1971) is expected to be sold for $15 million to $25 million.
Courteous Christie
Several of Wynn’s works are being offered at a lower price, according to the price the collectors initially paid for them. Wall Street Journalthe first thing to report this news. She paid $23.9 million for Turner in 2017 and $27.3 million for Diebenkorn, who bought Diebenkorn from Anne Marion in 2021 at Sotheby’s. Additionally, Adrian Ghenie in 2010 will also be part of the upcoming Christie sale; Wynn paid $6.3 million in 2018, and now it is estimated to be $2.5 million. On the other hand, Wynn acquired Mitchell Painting for $1.5 million in 2005, underestimating that figure eight times that.
Elaine’s daughter Kevyn Wynn added in a statement: “Our mother lives a life of passion, faith and grace. Her standards are uncompromising and we are confident that Christie’s vision will stick to her vision and legacy.”
