Steinberg art collection auctions for more than $45-million GlobeArts
The highlights of the collection’s sale at a Sotheby’s auction Thursday were two works painted by Mark Rothko in the last year of his life; they reached the lower ends of their estimates. Untitled , left, sold for US$10.5-million while Untitled sold for US$8.2-million.A leading collection of modern American paintings that used to hang at the Montreal Museum of Fine Arts was sold at a New York auction for a total of more than $45-million on Thursday.
In 2015, Arnold Steinberg, a former executive in his family’s grocery business and chancellor of McGill University, died unexpectedly at age 82; his wife Blema, a political scientist at McGill, died only 13 months later in 2017. Their son Adam died last year at age 51, leaving his two sisters who live in New York struggling to settle three estates. Adam had been working with the MMFA to donate at least some of the art, which had been on display at the museum since November, 2016.
With that track record of exhibition, the MMFA might reasonably have expected that the Picasso would be donated permanently to the museum, along with at least some of the American works. It had included the Rothkos in several exhibitions over the years, and the Steinbergs had lent the collection to the museum’s new Pavilion of Peace when it opened in November, 2016, almost a year after Arnold Steinberg’s death.
Proceeds of the sale are earmarked for the Steinberg Centre for Simulation and Interactive Learning, which educates health-care professionals at McGill, as well as other university programs.Under Canadian law, significant art works that are more than 50 years old and have been in Canada more than 35 years must have special export permits to leave the country.
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