Part of a huge art collection was sold at auction to settle the divorce proceedings between American real estate developer Harry McCullough and his wife, and the value of the collection exceeded Previously estimated amount, it achieved 676 million dollars, Almost 3 years after the start of the divorce proceedings.
The real estate developer and his wife, had made an offer An initial collection of 35 artworks for sale at auction, including works by Spanish artist Pablo Picasso, Americans Andy Warhol and Cy Twombly, according to rt.
In the auction, I achieved An abstract painting by Mark Rothko worth $82.5 million, while Jackson Pollock’s painting “No. 17,1951” was sold for $61 million, setting a new record for this artist’s artwork..
Previous expectations for the value of these exhibits were about $600 million, the highest estimate ever placed on any set auctioned off, according to Sotheby’s.
the couple McCullough married in their early twenties, during 1959, and since then, they have accumulated their large assets together, including a house of $ 72 million, a luxury yacht, in addition to many commercial properties, and they began creating their art group shortly after their marriage.
A judge in the New York State Supreme Court had previously suggested to the couple, during divorce proceedings in 2018, to sell 65 works of art from their collection and divide their value in half between them, after the McCullough duo hired several experts who gave them different financial estimates for some artworks..