Tuesday, June 24, 2008

Exodus


Today is the day the collection of J. Irwin Miller goes on the blocks at Christie's in London. It sure would be nice if this work was staying in Indiana but I can't blame a guy for going after what could be upwards of an $80 million paycheck today. Above is Picasso's La Carafe (Bouteille et verre). Top lot is expected to be Monet's Le Bassin aux Nympheas below.


3 Responses to “Exodus”

Christopher said...
June 25, 2008 at 9:13 AM

FYI - it looks like in total the Miller's cashed in on about $130 million in art last night. The sale was intended to cover estate taxes. That's one hell of an estate!


Anonymous said...
June 26, 2008 at 1:12 PM

I think it would have been more in fitting with the J Irwin Miller family to be remembered for charitable acts not for having sold their museum pieces for top dollar. These pieces would have filled a lot of holes in the museum art collections around here. We have beautiful collections built by the generosity of so many wealthy individuals. I am sad that this will be a part of their remembered legacy. Considering that probably 65-70 cents on every dollar on donated works would have gone against estate tax. I find this to be a curious case of... I would rather not say.


Anonymous said...
June 29, 2008 at 11:27 PM

It's as if these works of art made a journey to Indiana just to stay a short time,
and to leave because of taxes.
Who handled this estate?
I know many art lovers wish the paintings could have stayed here in indiana.
Is Indiana for sale too?


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