Billionaire's Divorce Ruling Sparks $700 Million Art Sale – See the inside scoop of a major billion dollar divorce.

 

Harry Macklowe and Linda Macklowe - Photographer Nicholas Hunt-Getty Images
Harry Macklowe and Linda Macklowe
Photographer: Nicholas Hunt/Getty Images

New York developer Harry Macklowe and his estranged wife, Linda, were ordered by a divorce judge to split their $2 billion fortune, which means selling “an internationally renowned collection” of modern art from the likes of Pablo Picasso and Andy Warhol worth hundreds of millions of dollars.

New York State Supreme Court Justice Laura Drager in Manhattan ruled Thursday that the Macklowe art trove amassed during 59 years of marriage should be sold and the profits shared. In a sign of the acrimony that fueled a prolonged legal dispute, the couple couldn’t agree on what the collection was worth — Harry’s expert said $788 million, while Linda’s said $625 million.

Pictured below, is the newest house Harry Macklowe bought. It’s said that he bought the house for his French mistress, Patricia Landeau.

Read more starting at ‘Among the collection are works by Willem De Kooning, ‘ at……
Billionaire’s Divorce Ruling Sparks $700 Million Art Sale

Harry Macklowe Hamptons Love Nest 02
Harry Macklowe Newest House in the Hamptons – It’s said that he bought the house for his French mistress, Patricia Landeau.

Harry Macklowe Hamptons Love Nest 03
Harry Macklowe Newest House in the Hamptons

Macklowe hid his French mistress, Patricia Landeau, in a Park Avenue building that he owns for two years before launching into a messy divorce from his wife of 57 years, Linda.
Harry Macklowe Newest House in the Hamptons

Harry Macklowe Hamptons Love Nest 04
Harry Macklowe Newest House in the Hamptons

Harry Macklowe Hamptons Love Nest 05
Harry Macklowe Newest House in the Hamptons – It’s said that he bought the house for his French mistress, Patricia Landeau.

Related:

Macklowe math: Harry claims Linda’s Plaza pad is worth $107 Million

Related:

Yachts, estates and an entire FLOOR of the Plaza: How an ugly $2 billion divorce battle between an 80-year-old New York tycoon and his wife of 60 years lays bare the fabulous (and allegedly tax avoidant) lifestyle enjoyed by uber-wealthy real estate magnates

Do you like our articles? What do you want to see or read about the wealthy?