New York collectors Sherry and Joel Mallin will sell more than 1,000 works of contemporary art worth $50 million at Sotheby’s
When Sherry and Joel Mallin, two of the world’s foremost contemporary art collectors, announced earlier this year that they would be selling their New York estate – and the art collection it contains – the world of art collectively gasped.
“We sell pretty much everything,” Joel Mallin, 89, said in a recent interview. “It takes away, to some extent, the worry of, ‘Should we sell this one or that one?'”
The collection includes over 1,000 large and small scale works by Louise Bourgeois, Robert Gober, Anselm Kiefer, Peter Doig, Robert Irwin, William Kentridge, George Condo, Yayoi Kusama and many more.
Initially, the couple dreamed of selling the house and collection together, but instead changed course and will offer the art through a series of sales at Sotheby’s in London and New York, estimated at $50 million.
Highlights from an event, taking place on October 14 at Sotheby’s London, include Thomas Schütte’s Bronzefrau Nr.11 (Bronze Woman No. 11), a large-scale sculpture with a pre-sale estate of between £2 million and £3 million ($2.3 million to $3.4 million); by Louise Bourgeois listen to a (1981), a six-foot-tall multi-totem sculpture belonging to the artist’s earliest body of mature work, “Characters “, with a pre-sale estimate of between £1.3m and £1.8m ($1.5m to $2m).
Next month at Sotheby’s New York, a 1965-67 work by Robert Irwin, estimated at $3-4 million, is among the highlights.
The couple’s decision to sell the entire house collection, in addition to the property’s 70 outdoor sculptures, ultimately comes down to wanting it to be seen, they said. Although the couple had donated many works of art to museums over the years, they didn’t like the idea of doing so with most of their collection, which was likely to “go into a penny.” -soil and no one will see the work of the artists”. Sherry recently told Bloomberg.
The couple added that they were also considering turning their collection and home into a foundation, but resisted because of the endowment costs associated with its long-term upkeep. “”[Y]We have to fund it extremely heavily for the city to consider it, but in our case most of our wealth is in our art,” Sherry said. “To endow it, we would have to sell the art, then we would have nothing left to endow. So it didn’t seem like a good idea.
The Mallins first met when they were just 14 and then went on to live separate lives. They finally reconnected in the 1980s through their mutual love of art.
As a couple, the pair became big supporters of a group of emerging artists in London in the early 1990s, now popularly known as the Young British Artists, or YBAs.
Now, as the Mallins part ways with their 15-acre art-filled home, Sotheby’s believes it will be the largest private collection of contemporary art – with more than 1,000 works – ever to be auctioned.
“The Mallin collection is a collection forged by passion, and never by compromise,” Lucius Elliott, contemporary art specialist at Sotheby’s, said in a statement. “The collection is an encyclopedic look at the history of art over the past 50 years, it is a great honor to be given the opportunity to bring it to market and to share the Mallins’ remarkable achievement with the general public.”
Upon discovering the Buckhorn Park property, located in Pound Ridge, they found a unique opportunity to display some of the large-scale sculptures they had acquired over the years. The property itself, which has its own private lake, apple orchard, main house with four beds and five bathrooms, a party house, two separate guest cottages, an in-ground swimming pool and an “Art Barn “purpose-built, are sold separately for an asking price of $6.5 million. (A work of art, a sculpture by Andy Goldsworthy, comes with the property.)
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