3 Burst results for "Harry Macklowe"

"harry macklowe" Discussed on The Art Newspaper Weekly

The Art Newspaper Weekly

05:40 min | 11 months ago

"harry macklowe" Discussed on The Art Newspaper Weekly

"Now auction records have been tumbling in New York over the past two weeks as the major auction houses have held their big sales of the season. Our art market editor Anna Brady has been following the events, and I spoke to her about the big sales and who's buying. Anna, the big sales were last week at Christie's the cook's collection and this week at Sotheby's the macro collection. Can you set the scene with those particular collections? Because they're massive collections, right? Yeah, they're massive and it's probably kind of indicative of this big backlog caused by the pandemic that we've got these two collections coming on the market at the same time. So first of all, the Cox collection, which Christie's announced had got to great fanfare. Now Edwin Cox was a Texas oil man and philanthropist. He died in Dallas last November age 99. And he built up this huge collection of impressionism. It's really sort of impressionism. It included works by Monet, pizarro, Renoir, bonnard, vuillard, dagger, and as well. So this work came up for sale last week. It was a 23 lot sale. It all sold. It was a white glove sale. They call it. And it fetched $332 million, which was above its estimate, quite quite considerably. So Christie's had got this big collection, which was much vaunted. Sotheby's, then were determined to get the other collection, which has been the offing for quite a while. So the collection of Harry and Linda macklowe has been much anticipated. They have been going through this long running and very, very bitter divorce. So to set the scene, the Cox collection, the background to that is probably a lot more simple. You know, he was an elderly man who died. The macula collection comes from this pair who Linda macklowe filed for divorce 5 years ago, from Harry macklowe, who's a big property developer entrepreneur, billionaire. So she filed for divorce 5 years ago, but they've been unable to agree on pretty much anything. And they need the value of their enormous art collection, which they must over half a century. And it was, in fact, mainly driven by Linda, the buying of it. And their valuations of it differed by up to $30 million. So last January, a court said to them, you can't agree on this. So you're going to have to sell it at auction. That's the only way of getting a kind of fair transparent price. These are three limits on that. The judge appointed Michael Finley Corvette galleries as the receiver. So he had to break the sale of 65 of the most valuable works. And last spring findly decided to delay the sale due to the pandemic. But now he really has to do it because they're getting a bit close to the three year limit. So he took it to both Christie's and Sotheby's. And they had to be incredibly competitive about trying to get this cell in. So effectively what that meant is that Sotheby's determined to get this collection because Christie's got the big cocks collection. They kind of had to buy it essentially. They had to put down the word on the street as they put down $695 million worth as a guarantee. So they were guaranteed that they would slowly 65 works for that much in two tranches..

Linda macklowe Anna Brady Sotheby Edwin Cox Christie bonnard vuillard Cox Harry macklowe pizarro Renoir Monet Anna New York Dallas Texas Harry
"harry macklowe" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 1 year ago

"harry macklowe" Discussed on Bloomberg Radio New York

"Influencer Chiara Ferragni has become the new global ambassador for Swiss luxury watchmaker who blow joining soccer legend Pele tennis star Novak Djokovic, among others. Sotheby's has won the right to sell the Macklowe collection, one of the largest art collections on the market and featuring works by Pablo Picasso, Andy Warhol and Mark Rothko. The court ordered sale of the art trove is expected to take in more than $600 million. It was prompted by the acrimonious divorce of New York real estate billionaire Harry Macklowe and his now estranged wife, Linda. Blackstone is again looking to sell the cosmopolitan of Las Vegas resorts this time and an asking price of $5 billion or more. According to people familiar with the matter. Apollo Global management is exploring an offer. Another potential partner as property manager is MTM resorts. International Spokespeople for Blackstone, Apollo and MGM all declined to comment. Busy. Bloomberg pursuits dot com For more I'm Andrew wrote Bloomberg Radio. Greg Sauder is president of W G. I, which provides engineering solutions for public infrastructure and real estate development projects. He's also on the board of Overseers for New Jersey Institute of Technology and sees firsthand the intense demand by companies to hire graduates become almost cliche to say, But a large percentage of the jobs required in the not too distant future have not even been identified yet. What That means is we need graduates with problem solving skills and an understanding of technology, technological dexterity to be the leaders and innovators of the future and J. It is rising to that challenge. It's not just about the engineering and the science, but it's also about the application of those problem solving understanding how to apply is something that NJ it is outstanding, and that's one of the reasons that their student body that their graduates are sought after NJ New Jersey Institute of Technology Learn MORE AT HGTV dot e d U Burden LLP, Accountants and advisors presents tax chat with Mayor mints partner and co leader of Burdens real estate process, Whether it's because of the covid 19 pandemic or not, it is essential for anyone negotiating a deal to understand the underlying economic assumptions and the current market from buying or selling assets, forming a joint venture..

Mark Rothko Novak Djokovic Pablo Picasso Andy Warhol Greg Sauder Harry Macklowe Chiara Ferragni Linda Apollo MGM Las Vegas Macklowe $5 billion Andrew New York more than $600 million Blackstone HGTV Bloomberg NJ
"harry macklowe" Discussed on CNN 5 Things

CNN 5 Things

03:22 min | 1 year ago

"harry macklowe" Discussed on CNN 5 Things

"I'm a foam anti-gay with the five things you need to know for thursday. September ninth president. Joe biden we'll order all government employees to be vaccinated against kobe. Nineteen with no option of being tested regularly. That's according to the white house. Employees of contractors. Who do business with the federal government will also be ordered to abide by the same standard. It's all part of biden's action plans to end the corona virus pandemic in the us. A white house official says the six pillars of biden's plan include vaccinating the unvaccinated booster shots keeping schools open increasing testing and requiring masks protecting the economic recovery and improving care for those with covert nineteen lawyers for florida governor. Vonda santa's have filed an emergency appeal to reinstate a stay on school mask mandates while the case goes through the court system according to the court document the synthesis lawyers argued that they have a high likelihood of success on appeal. The filing comes after circuit judge. John cooper ruled against the santa's initial appeal allowing florida schools to continue having mask mandates while the case was appealed after more than two decades. Ford is ending production in india and taking a two billion dollar hit in the process. The company says roughly four thousand employees will be laid off and manufacturing end immediately. Ceo jim farley says the move was difficult but necessary to achieve long-term growth farley says ford has accumulated more than two billion dollars of operating losses over the past ten years and demand for new vehicles has been much weaker than expected for it began its operations in india in nineteen ninety five plants in the cities of sonat and chen. I will close in the coming months and the company will work closely with employees affected by the closures. The remains of two more victims of nine eleven have been identified just days before the twentieth anniversary of the attack. According to the office of the city's chief medical examiner there. Dorothy morgan of hempstead new york and a man whose name is being withheld at his family's requests. They were the first identification of world trade center victims since october. Twenty nineteen they were identified through dna analysis of previously unidentified remains recovered from the world trade center. The attack there claimed nearly three thousand lives more than two hundred and twenty other people were killed in washington. Dc and outside of shanksville pennsylvania. Divorce can be ugly but to the art world. This one could be a thing of beauty. Cnn's david ryan explains new york real estate developer harry macklowe and his wife. Linda built up quite the art collection over fifty plus years of marriage. The cosso warhol rothko experts said this was museum caliber. Well when their marriage came to an end a few years ago a judge said they had to sell sixty five pieces and split the profits fifty fifty now the auction house. Sotheby's is bringing the collection to market in november and says it could fetch six hundred million dollars. Which would be a record for any single collection. That's offer now. We'll be back at eleven. Pm eastern time with the latest headlines whenever you want them and wherever you are and let us know what you think of five things by going to cnn dot com slash listener..

biden Vonda santa white house Ceo jim farley Joe biden sonat florida kobe ford John cooper Dorothy morgan federal government india farley shanksville santa chen harry macklowe