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Christie’s to Auction 16 Works from S.I. Newhouse Collection, Including Potential $100 Million Pollock and Brancusi
The May 18 sale features a large-scale Jackson Pollock drip painting, the first of its kind at auction, along with a rare golden Brancusi sculpture, each estimated near $100 million. Combined with prior sales it could exceed $1 billion total. Victoria Newhouse, 88, cited practicality and downsizing after more than 40 years in a large Manhattan apartment as the reason for selling.
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I. Newhouse on May 18 in what is expected to become one of the most valuable single-owner sales in auction history. I. Newhouse are going to auction at Christie’s on May 18.
I. Newhouse's collection, total sales could top $1 billion. The centerpiece of the sale is a large-scale Jackson Pollock drip painting that is the first work of its kind ever offered at auction.
A rare golden Brancusi sculpture titled Danaïde is included in the sale. Each of the Pollock drip painting and the Brancusi sculpture is estimated to sell in the neighborhood of $100 million. Pablo Picasso's Homme à la Guitare and Jackson Pollock's Number 7A from 1948 are also included in the sale.
The works hung in the sprawling Manhattan residence of the Newhouse family for decades, serving as part of their daily life rather than museum pieces. I. Newhouse died in 2017 at age 89. Victoria Newhouse is 88 years old and has lived in a very large apartment for over 40 years.
She said the decision to sell was driven less by the market than by practicality and time. ” Victoria Newhouse said collecting art became an almost lifelong pursuit for her husband fueled by competition, scholarship and instinct.
“It was a great thrill for him to find important works of art and to pursue them and to acquire them and he just couldn’t resist going on and improving the collection,” she said. I. Newhouse initially rejected Pollock’s Number 7A after discovering it hanging in a kitchen covered in years of cooking smoke and grime.
