Macklowe art collection brings in $676 million at New York a...

Macklowe art collection brings in $676 million at New York a...
An auction at Sotheby's in New York of the Macklowe modern and contemporary art collection brought in $676 million on its first night Monday, including a painting by Mark Rothko that went for more than $80 million, putting it on track to set a new record.
Billed as the highlight of the 2021 Fall season in one of the world's auction capitals, the sale lasted more than two hours, during which all 35 pieces were sold, four of them for more than $50 million.
Between 200 and 300 people were allowed to attend the sale at Sotheby's headquarters, after several virtual seasons owing to the Covid-19 pandemic.
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Two lots were tipped to be the most expensive items of the evening, but in the end it was a painting by the American expressionist Marc Rothko (1903-1970), entitled "N ° 7," which won with a sales price of $82.4 million, fees and commissions included, that nudged out "Le Nez" ("The Nose"), a bronze sculpture by Alberto Giacometti (1901-1966).