Even New York's jaded artwork world is in a tizzy about Leonard Lauder's assortment coming in the marketplace subsequent week.
Web page Six hears there was a dinner Friday night time for the hotly anticipated public sale of the cosmetics tycoon's non-public artwork assortment, which doubled as a gap occasion for Sotheby's new house on the Breuer Constructing, which as soon as housed the Whitney Museum.
And we're informed the bash was buzzing with the importance of the sale, which incorporates three Gustav Klimt works.
“Klimts coming in the marketplace is so uncommon,” mentioned one partygoer. “This isn't a traditional scenario,” they declared.
Additionally they mentioned that it was particularly hanging to see Lauder's items in what was the Whitney from 1966 until 2014, which underscored his extraordinary dedication and contributions to New York's artwork establishments.
“It's form of loopy to be sitting within the previous Whitney house with these wonderful works FOR SALE!” gushed an insider.
“He was an unlimited cultural determine,” mentioned our spy of Lauder. “There's an actual reverence for his legacy.”
The son of Estée Lauder and the CEO of her namesake firm till 1999 died in June at 92 years previous. He was estimated to be price some $10 billion on the time of his demise, and had one in every of America's most essential artwork collections. He left his cubist assortment to the Met in 2013.
One of many three Klimt works within the sale, which will likely be held on Nov. 18, is his “Portrait of Elisabeth Lederer,” which is anticipated to go for greater than $150 million.
There are two different works by the Austrian painter, anticipated to go for about $70 million and $80 million every. It's the primary time any of them have been provided on the open market.
The sale additionally consists of works by Van Gogh and Munch.
The whole assortment is anticipated to rake in almost half a billion {dollars}.
