Who Says Art Doesn’t Pay?

On May 16, Sotheby’s wrapped up its sale of an art collection that was put together by Harry and Linda Macklowe over the course of their 60-year marriage.

The total take: $922.2 million. That made it, in absolute terms, the most valuable collection ever sold at auction, topping the Rockefeller Collection that sold four years ago at Christie’s for $835.1 million. But what I like best about it is the fact that this amazing collection was put together over many decades by two people that, whatever else their differences, found a lasting and valuable marital bond in collecting art!

Half of the pieces on the auction block that night sold for more than their high estimate. The top lot was a late Mark Rothko work, Untitled (1960), which sold for $48 million.

(Source: the Robb Report)