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Sotheby’s Taubman Collection Sale Could Be Its Biggest Art Auction Ever


Sotheby's (BID - Get Report) is gearing up for what could be its biggest auction in history.

The vast, 500-piece collection of artwork and sculptures is from billionaire real estate developer and former Sotheby's owner A. Alfred Taubman, who passed away earlier this year. The auction boasts paintings from legendary artists like Rothko, Modigliani and Picasso, and could be worth more than $500 million in total.

"The contemporary art that Mr. Taubman collected is exceptional," said Alexander Rotter, senior vice president and co-head of contemporary art worldwide at Sotheby's. "It's highlighted by two amazing...