Forstmann's Art Heads To Auction

Mar 23 2012 | 11:29am ET

Some of the centerpieces of private equity pioneer Theodore Forstmann's art collection will go under the gavel in May, six months after Forstmann's death at the age of 71.

Sotheby's will sell about 50 works from Forstmann's collection in two separate auctions. On May 2, works by Pablo Picasso, Chaïm Soutine, Joan Miró, Paul Gaugin, Pierre Bonnard and Henri de Toulouse-Lautrec. A week later, later works from Forstmann's estate, including pieces by Roy Lichtenstein, Jean-Michel Basquiat and Arshile Gorky, will be part of Sotheby's contemporary art evening auction.

"Teddy Forstmann strove for excellence in business and in life, which carried through effortlessly into his art collecting," Stephane Connery of Sotheby's said. "“He constantly reevaluated and refined his  collection, keeping it fresh, fluid and ever-evolving. He truly lived with and appreciated his works, often rearranging them to explore new contexts and connections. Teddy had a passion for strong, powerful images with Expressionist tendencies, and this common thread runs throughout the works on offer this spring – from the two commanding Soutine canvases, to Picasso’s ever-powerful portrait of Dora Maar, to the charged works by Miró and Basquiat."

The Forstmann Little & Co. founder died of brain cancer in November.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.