Auction house Sotheby’s buys a $100 million building in downtown New York

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Sotheby’s auction house said it purchased a building on Madison Avenue from the Whitney Museum of American Art, built in 1966 by architect Marcel Breuer, and will move its headquarters there in 2025. writes about it New York Times.

The purchase price of the Breuer building was not disclosed, but the two people involved in the deal reported an amount of approximately $100 million.

“Bittersweet. I know every inch of this building and consider it one of the greatest works of art. “It’s a masterpiece of modern architecture,” said Adam D. Weinberg, director of the Whitney Museum.

Charles F. Stewart, CEO of Sotheby’s, described the Breuer Building as a “once in a lifetime opportunity” not to be missed. According to him, “the place [здания] It couldn’t be more ideal for our client base to see artworks, attend sales and meet professionals.

The auction house will hire an architect to redesign the interior and create a sales area in the five-story building, but promises to keep the building intact.

Formerly socialbites.ca reportedIn the United States, unique items from American designers will be auctioned.

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