Wednesday, April 6, 2011

New York art dealer Allan Stone's collection to be auctioned

Famous N.Y. dealer's art collection to be auctioned | Reuters:

"Works from the collection of New York art dealer Allan Stone will be hitting the auction block in May and are expected to fetch more than $35 million, Sotheby's said on Friday.

The sale, including one session dedicated to the work of West Coast artist Wayne Thiebaud who Stone first championed in the early 1960s, will feature art by Willem de Kooning, Franz Kline, Joseph Cornell and many other artists represented and collected by Stone.

Stone, who died in 2006, founded the Allan Stone Gallery 50 years ago after first working as a Wall Street lawyer. He became legendary in art circles for his obsessive collecting -- and not just art. At one time he reportedly owned more than two dozen Bugatti automobiles."

The works are currently on display at Hong Kong's Convention & Expo Center, ahead of an exhibition in London starting April 14 at Sotheby's, followed by showings in Los Angeles, San Francisco and New York ahead of the May sales.

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