Touted as the most valuable philanthropic auction ever—all proceeds will be donated to charity—a collection of Peggy and David Rockefeller’s masterworks will tour Hong Kong, London, and Los Angles before hitting the block in New York in the spring of 2018.
Five months after Christie’s announced the sale, an assortment of the works have been made public. Leading the sale is a Rose Period Picasso acquired from Gertrude Stein’s collection (est. $70 million), while Henri Matisse’s Odalisque couchée aux magnolias (1923), a painting of a reclining nude, is expected to set a new world auction record for the artist at an estimated $50 million. Other highlights include Claude Monet’s Nymphéas en fleur (1914-17) (est. $35 million) and a selection of Chinese art objects.
Prior to Peggy’s death in 1996, and David’s death this past March, the couple pledged to give the majority of their wealth to charitable causes. In keeping with their philanthropic endeavors during their lifetime, all proceeds from the sale of his estate will go towards cultural, educational, medical, and environmental causes.
With a fortune estimated at $3.3 billion, the late former banker and heir to the Rockefeller fortune, David Rockefeller amassed an array of stunning paintings, which will be sold alongside selected heirlooms inherited from previous generations. Together they make up an eclectic and wide-ranging array of Impressionist, post-Impressionist, and Modern art, as well as porcelain, silver, American decorative art, furniture, and more.