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Dealer Estates Will Once Again Headline New York’s May Marquee Auctions

From Marian Goodman's Richters to Robert Mnuchin's Rothko, the estate-planning strategies of the legendary dealers of yesteryear are determining, in part, which masterworks come to the block.

The generational transfer reshaping the art world is playing out not only at the level of the collector but across an entire cohort of dealers gradually exiting the scene, with their legacy planning and estate strategies increasingly determining which top-tier consignments and artists come to market. Last year’s spring marquee sales featured an $18.5 million selection from the collection of legendary dealer Barbara Gladstone and a $40.4 million trove from dealer Daniella Luxembourg. This May, the dealer collection saga continues with the more than $130 million Robert E. Mnuchin collection leading Sotheby's evening sales, while the personal collection of trailblazing gallerist Marian Goodman will headline Christie's Spring Marquee Week. The announcement of the consignment follows the legendary dealer’s passing in January.

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“She was a giant at five-foot-two,” Amy Goodman said in a statement remembering her mother. “She had an incredible, deep love and........

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