Auction This

Recently, a wealthy art collector died, leaving a $20 million estate of paintings, drawings, sculptures and other pieces. The works belonged to a foundation established by the collector; the proceeds would go to the foundation. Other than that, there were no stipulations for how to sell the collection. So how should it be done? To answer that question, the executor, who was not an art cognoscenti,

Recently, a wealthy art collector died, leaving a $20 million estate of paintings, drawings, sculptures and other pieces. The works belonged to a foundation established by the collector; the proceeds would go to the foundation. Other than that, there were no stipulations for how to sell the collection. So how should it be done? To answer that question, the executor, who was not an art cognoscenti, called an art advisory service that had worked with the collector when she was alive. The

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