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Sotheby’s Will Offer Collection of David Teiger, Estimated to Sell for Over $100 M.

BY Annie Armstrong

The collection of David Tieger, the management consultant and former trustee of the Museum of Modern Art in New York who died in 2014 at the age of 85, will be sold through Sotheby’s in a series of sales starting in London in October and continuing at the houses’s venues elsewhere in world in the following months. All told, the hundreds of works on offer are estimated to sell for more than $100 million.

The collection—titled The History of Now, by the house—spans modern, folk, and contemporary art, featuring work by artists such as Jasper Johns, Angel Gabriel, John Currin, and Maurizio Cattelan. Proceeds from the sale of the works will benefit the Teiger Foundation, which aims “to support and promote excellence in contemporary art,” according to a release from Sotheby’s.

The president of the Tieger Foundation, Joel Wachs, who also heads the Warhol foundation, said in a statement to press, “David Teiger wanted to make a significant difference, and thus bequeathed his entire collection to major museums and the Teiger Foundation. We look forward to honoring David’s remarkable generosity by supporting the people, projects and institutions that can accomplish the most with our resources.”

Among the top-estimated lots are two Peter Doig paintings, each expected to sell for more than £6 million, or about $7.8 million, and a 2004 Mark Grotjahn estimated at £3 million to £4 million ($3.9 million–$5.2 million).

Lisa Dennison, chairman of Sotheby’s Americas, said in a statement, “David’s extraordinary generosity and long tradition of supporting artists, curators, gallerists, and museums was unique. He fully understood the eco-system of the art world, and his patronage extended to a broad range of individuals and institutions in order to empower them to do their best work.”

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