One moment please, to admire the late-buyout king’s impeccable taste. Forstmann, “Teddy” to the tabloids, who passed away in November, was known as a disdainer of junk bonds, adopter of orphans, squire to Princess Diana and Padma Lakshmi, Giving Pledge signatory, possessor of high-class tennis game, a man who, late in life, counted Roger Federer as a friend and Michael Ovitz as an adversary.
If that wasn’t enough, several pieces from the late financier’s art collection are expected to fetch seven-figure prices at Sotheby’s impressionist and modern art sale this evening. Some highlights from the auction house:
Pablo Picasso’s portrait of Dora Maar titled Femme assise dans un fauteuil, which exemplifies the artist’s wartime work and his passionate exchange with Dora Maar (pictured right, est. $20/30 million*). Chaïm Soutine’s Le chausseur de chez Maxim’s is a masterwork of Expressionism and arguably the crowning achievement of the artist’s career (est. $10/15 million), and Soutine’s Le Chasseur (est. $4/6 million), both done in Paris in the 1920s will be major highlights, as will be Tête humaine, a prime example of Joan Miró’s formative output of the 1930s (est. $10/15 million).