Just half of the art hoard amassed by Harry and Linda Macklowe made for Sotheby’s biggest ever sale when works by Rothko, Picasso and Warhol were auctioned off
Experts saw the Sotheby’s auction as a test of the high-end art market, which has struggled since the beginning of lockdown 19 months ago. The total value of all sales dropped by 22 per cent during 2020, according to a report by Art Basel and UBS.“The market has felt hungry for quality, and this collection meets that hunger,” said Sotheby’s head of fine art sales Brooke Lampley.
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