What areas of art collectors do auction houses and museums want? – ARTnews.com

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One of the most valuable things in the art world is provenance – the history of ownership of a work of art – and a record in sterling is often a key indication as to whether a work can whether or not to sell for the best price at auction, or even in a private transaction. Some of the biggest revenues for auction houses come from the sale of an estate’s holdings, including most recently the Christie’s 2018 sale of the Peggy and David Rockefeller collection, which grossed $ 832.6 million.

It’s no wonder then that the competition for some of the best collections in the world is intense – museums trying to land donations compete with auction houses and galleries scrambling to secure the most lucrative deals for them. beneficiaries of the estate. Look no further than Barney Ebsworth’s prestigious collection of American art, which, although promised to the Seattle Art Museum, ended up selling at Christie’s in 2018 for a total of $ 323.1 million.

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[Auction houses are warring with each other to sell big estates. Read more.]

Among the most valuable private collections that exist is that of Jo Carole and Ronald Lauder. With some 4000 articles, it covers categories ranging from old masters to modern to contemporary and includes the work of artists ranging from Klimt to Kandinsky to Kiefer. Ronald founded the Neue Galerie, a confection of a museum dedicated to early 20th century German and Austrian art, and the two Lauders were directors: Jo Carole at the National Gallery of Art in Washington, DC, and Ronald at the J. Paul Getty Trust in Los Angeles and the Museum of Modern Art in New York. The holdings of these select influential collectors with strong institutional ties, philanthropic influence and high-demand taste remain at the top of the most sought-after list in the commercial and non-profit fields.

Another envied collection is that of Donald blinken. An influential New York financier and former ambassador to Hungary, Blinken began collecting New York School artists in the 1950s. The first acquisitions of key artists like Philip Guston and Mark Rothko (he was chairman of the Rothko Foundation from 1976 to 1989) testify to his impeccable judgment in the constitution of a collection representing what was then the avant-garde of art. With abstract expressionist works now a coveted brand, the collections of Blinken, 95, are appealing to institutions and individuals around the world.

Areas to watch:

Donald and Vera Blinken

Estate of Anne Marion (died in 2020)

Jo Carole and Ronald S. Lauder

Estate of Paul Allen (died in 2018)

Sheldon solow

Sam and Hélène Zell

A version of this article appears in the Fall 2020 issue of ARTnews, under the title “Domain pending”.

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