The Gallerist NY has an article on the Kohl Collection being sold at Sotheby's in May, with estimates of $80 to $100 million. The collection includes 8 abstract impressionist paintings from a Jackson Pollock to Franz Kline.
The Gallerist NY reports
A prized collection of eight Abstract Expressionist paintings assembled by Milwaukee’s Sidney and Dorothy Kohl, beginning in the 1970s, is estimated to fetch $80 million to $100 million when it hits the block at Sotheby’s New York in November, Carol Vogel reports in her Inside Art column today.
The trove includes pieces by Franz Kline, Arshile Gorky and Jackson Pollock. The Pollock, pegged at $25 million to $35 million, is the top-estimated lot. “Sometimes a Pollock is just a Pollock,” Ms. Vogel writes. But this Pollock is not just a Pollock, she reports. It was once owned by the artist’s psychiatrist, Ruth Fox.
Pollock’s drip paintings are extremely rare to market, The Times notes, so it could very well blow past past its high estimate. The record for a Pollock is believed to be the $140 million paid by an unknown buyer to David Geffen in a deal handled by Sotheby’s in 2006. That remains the second-highest price ever paid for an artwork.
Source: The Gallerist NY
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