For sale multi-million dollar collection of the three main competing galleries on the contemporary art market will combine their efforts

The news that the heirs of the deceased in December 2019 collector Donald Marron appealed to the leading auction houses to assess and determine the conditions of possible sale of the collection appeared in in late January 2020. However, on 18 February, the auction house received a message stating that the Marron family decided to sell the collection privately. To engage in the sale are the three largest modern art gallery in the world: Pace, Acquavella and Gagosian.

in may 2020 three of these galleries are to organize a joint exhibition in new-Йорке to acquaint the public with the diversity of family collection Marron. As reported on the website of Pace gallery, the exhibition will be divided into three parts, each of which will cover important stages of the collecting activities of Marron. The first part will be devoted to his activities as a novice collector in the 1960-х and 1970-х years. Second — to continue to develop the collection as President of the Museum of modern art in new-Йорке in 1985-1991. The third will tell about Marrone as one of the discoverers of a new approach to corporate collecting — when the entire collection is built around the opinions of one single person. The exhibition of works of art from the collection of family Marron is planned to add works from private collections and museums.

the Collection of Donald Marron, which includes the work of the Museum Pablo Picasso, Mark Rothko, CY Twombly, Willem de Kooning, Gerhard Richter and other major artists of the XX century, is estimated at about $450 million a family Decision about selling the collection in private can infuse fresh blue blood art-рынок lacking expensive works of contemporary art of the highest level. And the fact that the galleries were able to offer the Marron family the best conditions of sale collection, the $300 million guarantee, which, according to of information The Wall Street Journal, offered the auction house, shows a more confident the current financial position of the gallery sector.

Commenting on upcoming sale of works from the collection of Marron, President of Pace gallery's Marc Glimcher said the gallery will not publicly disclose a list of available works, and will not disclose the rating of the collection. "We know what we're doing something nobody had done before, — said Glimcher. — to put forward this proposal, we were able to join forces and act as a single group".

the Material was prepared by Maria Kuznetsova, AI

Sources: pacegallery.com, news.artnet.com