The estate of Peggy and David Rockefeller is having a sale… and it’s not for the bargain shopper. Josh King has more:
Get ready for the biggest tag sale in history.
More than 1,500 items from the estate of Peggy and David Rockefeller — Impressionist and American paintings, English furniture and silver, 19th century carriages, Persian rugs, Japanese porcelain, Moroccan lamps, a Napoleon’s dinner service, duck decoys, gilded Buddhist deities, African figurines — are coming up for auction, starting May 8 at Christie’s in New York. There is an online sale and six live auctions. Christie’s officially estimated the trove at more than $500 million, while privately whispering that it may be much higher.
Some parts of the collection, such as rare modern paintings by Pablo Picasso, Henri Matisse and Paul Gauguin, are intensely coveted. Others, like the 18th century brown furniture, not so much. Then there’s the unknown premium for the Rockefeller name.
“You can’t calculate it,” said Jonathan Rendell, Christie’s deputy chairman. “The Rockefellers are almost American royalty.”