The art world has long wondered what would become of S.I. Newhouse Jr.’s formidable art collection after his death, since the media mogul had been ill for some time.
Now — with Mr. Newhouse’s death earlier this month — the beginning of its fate has been determined. The Newhouse family has appointed as its representative Tobias Meyer, the art adviser and former principal auctioneer at Sotheby’s.
“Mr. Meyer is working closely with us on all matters related to the art collection, and will be advising us in the coming months and years,” the family said in a statement. “We look forward to working with him.”
Mr. Meyer said in a statement: “Si Newhouse possessed an incredible eye, and with astuteness and passion assembled one of the greatest collections of 20th century art. He was my mentor and friend, and I am honored to now work with his family.”
Still ahead for the Newhouse family are decisions like how much of the art to sell, when to sell it and where. Every auction house would love to get all or at least some of the collection, which includes such works as Andy Warhol’s 1964 painting of Marilyn Monroe “Orange Marilyn,” and Lucian Freud’s 1993 self-portrait “Painter Working, Reflection.”
Source: New York Times – Art and Design