Christie's Auctions S.I. Newhouse Collection for Over $500 Million
Christie's sold 16 pieces of art from the estate of Samuel Irving Newhouse Jr. for a total of $178 million, with seven works crossing the $10 million mark. The sale included works by Willem de Kooning, Pablo Picasso, and Francis Bacon, among others. The successful sale suggests that collectors are still willing to invest in art trophies vouched for by tastemakers like Newhouse.