Sotheby’s has landed in one of the biggest shipments sold in New York in November: a $400 million art collection in Leonard Lauder, who died July 92.
Art giant’s crown jewel could be more widely available as crown jewels for auction in November: Gustav Klimt Portrait of Elizabeth Ledler (1914–16). according to New York TimesThe news first reported, the painting is expected to exceed $150 million, and is believed to be one of the few full-length Klimt portraits still held privately.
Klimt is by far the most expensive piece announced at a major auction this fall. It’s better than Robert F.
The Weis series is expected to generate $180 million for Christie’s, and the company has also obtained 20 pieces from the late Elaine Wynn collection, including paintings by Richard Diebenkorn, JMW Turner and Joan Mitchell, which are expected to be sold collectively for $750 million.
Elisabeth Lederer’s portrait seems to be expected to break the auction record of Klimt, created by the artist’s paintings Mrs. MitFächer (Lady’s Lady), sold at Sotheby’s, London for $108.4 million since 1917-18.
This is not the only expensive Klimt that Lauder holds. Two landscapes of Klimt (one depicting the meadows of 1906 and the forests of 1917 dated in 1917) will also be auctioned, estimated at $80 million – $100 million and $70 million – $90 million – $90 million – $90 million, respectively.
In addition to Klimts, Lauder’s sales will include six bronzes by Henri Matisse, worth $30 million, an Edvard Munch painting of $20 million, and an Agnes Martin painting worth more than $10 million.
Overall, about 55 pieces of art held by Lauder’s will soon be sold by Sotheby’s, which will open its new space in a building designed by Marcel Breuer, which once was the Whitney Museum.
Lauder, often in Artnews On the list of the top 200 collectors before his death, he himself had a significant connection with Whitney. From 1977 to 2011, he was the trustee of the museum and served as honorary chairman until his death in June.
Lauder’s sale was announced on Monday guardian Sotheby’s lost $248 million. August, a long format New Yorker The profile of Sotheby’s boss Patrick Drahi suggested that behind the scenes and discord, a former executive who asked not to be named put his leadership with Trump’s leadership role. (this guardian The report said that despite the increased losses, the auction house divested only 24 employees between 2023 and 2024. )
Losses are among broader uncertainty and dynamic debates, in the state-of-the-art market state. But, eraSotheby’s CEO seemed confident, saying Lauder’s sale said: “I think we’re going to use this collection to make history. It’s going to be a topic for a long time.”
