As I have previously discussed, the auction of artwork from the collection of Rachel ‘Bunny’ Mellon exceeded expectations by bringing in $158.7 million from 43 pieces by famous artists. In a second auction that featured items from Mellon’s estate that were from her U.S., Europe, and Caribbean homes again exceeded the expected results by bringing in $14.3 million. In total, Mellon’s estate sale brought in $218.1 million through three separate auctions.
See Bloomberg News, Mellon Estate Sale Fetches $218 Million, Led by Rothkos Rabbit, FA, Nov. 25, 2014.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
