S.I. Newhouse Left the MoMA Board Over a Picasso. Now It’s At Auction
Christie’s New York is offering 16 top-notch works by titans of the 20th and 21st centuries next month, all from the holdings of the late publishing magnate S. I. (aka Si) Newhouse, head of Conde Nast, who died in 2017. At a packed Rockefeller Center salesroom on May 18, masterpieces by artists including Francis Bacon, Jasper Johns, Henri Matisse, Piet Mondrian, Pablo Picasso, and Andy Warhol will come to the block. The group is expected to ring up collectively for about $450 million, an enormous sum in any market, but a truly titanic one in a shaky moment in the art market and the global economy. Related Articles Among this stratospheric group, with individual estimates topping out at $100 million, Picasso’s Cubist canvas Homme à la guitare (1913), estimated at $35 million to $55 million, stands out because Newhouse surrendered far more than cash to own it. Twenty-six years ago, Newhouse actually chose it over the powerful seat he had long held on the board of New York’s Museum of Modern Art, when he controversially …





