"A hotly anticipated art collection has arrived at Christie's from a secretive source-the Weis family, a husband-and-wife team of quiet mega-collectors whose trove of art (including treasures by Pablo Picasso, Max Ernst and Mark Rothko) has rarely been seen by the public. Robert F. Weis, the late chair of the supermarket chain Weis Markets, and his wife, Patricia G. Ross, collected art for almost seven decades, keeping most of their caché tucked away at their Pennsylvania home in the Susquehanna Valley."
"In a statement, Colleen, Jennifer and Jonathan Weis said: "Growing up with this collection has brought us great joy and created a lifelong interest and passion for art. It has defined our family experience, and we have been lucky to live among these beautiful things." Christie's secured the sale by offering to pay an advance for the collection to the tune of nearly $200m, according to The New York Times."
The Weis family amassed a private collection over almost seven decades, featuring major works by Pablo Picasso, Max Ernst and Mark Rothko, largely housed at their Pennsylvania home. Following the deaths of Robert F. Weis and Patricia G. Ross, the couple's three children are selling 80 works at Christie's in November with proceeds expected to exceed $180 million. Christie's offered nearly $200 million as an advance to secure the sale. Market data show a 6% contraction at major auction houses in early 2024, and the Weis sale is viewed as a potential indicator for the sector's recovery. Highlights include Rothko's No. 31 (Yellow Stripe), estimated at $50 million.
Read at The Art Newspaper - International art news and events
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