Overview
- Christie’s will offer three works from Gund’s personal collection in its New York marquee sales in May: a Mark Rothko, a Cy Twombly and a Joseph Cornell.
- Rothko’s No. 15 (Two Greens and Red Stripe), painted in 1964 and acquired by Gund directly from the artist in 1967, carries an estimate around $80 million and has never appeared at auction.
- Cy Twombly’s Untitled (1961) is estimated at $40 million to $60 million, and Joseph Cornell’s Untitled (Medici Princess) from 1948 is estimated at $3 million to $5 million.
- The Rothko and the Twombly will tour London, Paris and Hong Kong before a Rockefeller Center exhibition ahead of the May sales.
- Christie’s says proceeds will be used to settle Gund’s estate, and reporting notes the auction house provided a financial guarantee to secure the consignment.