The late Ileana Sonnabend had a great eye, but no estate can outrun the taxman, and now her art collection is being readied to go on the block to allow her executors to pay taxes on her $400 million estate.
Manhattan-based Sotheby’s and London-based Christie’s International are reportedly competing for the collection, which includes well-known works as Andy Warhol’s portraits of Marilyn Monroe and Jasper Johns’ American flag painting...
Read full story by Kira Bindrim in Crain's New York Business.com