Sellers Behind $1.8B May Auctions Revealed: Mnuchin, Gund, Goodman Estates Lead
In their May auctions, Sotheby’s, Christie’s, and Phillips are presenting art valued at $1.8 billion based on low estimates, marking a 50% rise from last year's $1.2 billion. Notable consignments include the estates of dealer Bob Mnuchin, philanthropist Agnes Gund, and dealer Marian Goodman. Christie’s evening auction on Monday will showcase S.I. Newhouse’s collection, projected to generate $450 million, potentially breaking records for Jackson Pollock and Constantin Brancusi. A painting by Mark Rothko from Mnuchin’s collection sold for $86 million at Sotheby’s on May 14. Many artworks are seeing price reductions, such as an Andy Warhol piece, previously sold for $37 million in 2018, now estimated at $25 million.
Key facts
- Sotheby’s sold $433 million on May 14, including an 86-million-dollar Rothko from Bob Mnuchin’s collection.
- Christie’s evening sale on Monday features S.I. Newhouse’s collection, estimated at $450 million.
- An Andy Warhol that sold for $37 million in 2018 now estimated at $25 million at Christie’s.
- A small Pollock from Mnuchin’s collection estimated at $7 million, half its 2024 price of $15.3 million.
- The Dennison estate sold 23 works for $4 million, exceeding the estimate of $1.6–2.3 million.
- John Sayegh-Belchatowski sold Basquiat’s Museum Security for $52.7 million at Sotheby’s.
- Greg Renker sold de Kooning’s Untitled III for $26 million and is offering a Van Gogh estimated at $25–35 million.
- Sheldon Solow’s estate is selling works by Lichtenstein, Calder, Modigliani, and Miró across Sotheby’s and Christie’s.
Entities
Artists
- Mark Rothko
- Jackson Pollock
- Constantin Brancusi
- Jean-Michel Basquiat
- Willem de Kooning
- Joan Mitchell
- Andy Warhol
- Claude Monet
- David Salle
- Richard Serra
- Rudolf Stingel
- Simone Leigh
- Vincent van Gogh
- Roy Lichtenstein
- Alexander Calder
- Amedeo Modigliani
- Joan Miró
- George Condo
- Alex Katz
- Laura Owens
- Mary Heilmann
- Jonas Wood
- Joseph Yaeger
- Édouard Manet
Institutions
- Sotheby’s
- Christie’s
- Phillips
- Artnet News
- Artnet Price Database
- Brant Foundation Art Study Center
- Palm Springs Art Museum
- Gavlak Gallery
- Skarstedt Gallery
- David Kordansky Gallery
- Guthy-Renker
- Solow Art and Architecture Foundation
Locations
- New York
- United States
- West Palm Beach
- Venice
- Italy
- London
- United Kingdom
- Barcelona
- Spain
- Los Angeles
- France
- Monaco