Howard Marks, chairman and co-founder of Oaktree Capital Group LLC, listed his eight-room condo at Manhattan’s Ritz-Carlton for $50 million, more than than double what he paid for it in 2007.
Howard Marks, chairman and co-founder of Oaktree Capital Group LLC, paid $52.5 million for a duplex apartment on New York’s Park Avenue, a record price for a Manhattan co-op.
The contemporary-art market surged by 35 percent in 2011’s auctions as an influx of wealthy buyers sought refuge from financial turmoil.
As the European debt crisis roiled financial markets in 2011, the value of the most expensive works of art sold at auction fell 41 percent.
Roy Lichtenstein’s 1961 painting of a man looking through a peephole sold for $43.2 million last night in New York, one of 13 records set at an auction of contemporary art by Christie’s International.
A Matisse painting that once belonged to Lew Wasserman and a trio of Maillol bronzes from the collection of John W. Kluge will be among art offered during the next two weeks as New York auctioneers present works valued at more than $1.1 billion.