As I have previously discussed, a portion of the art collection of Listerine heiress and widow of Mellon heir, Rachel ‘Bunny’ Mellon, was auctioned off earlier this week. The collection that included pieces from famous artists from around the world such as Pablo Picasso and Richard Diebenkorn, was expected to bring in up to $121 million. The auction exceeded expectations by bringing in over $158.7 million for The Gerard B. Lambert Foundation.
See Sadie Whitelocks, All Gone! Bunny Mellon’s ARt Collection Nets $158.7M at Auction, Daily Mail, Nov. 10, 2014.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
