The collection of modern and contemporary art assembled by David and Shoshanna Wingate over seven decades will be sold at Sotheby's in New York and London on May 19 and 20. The sale, comprising over 50 works by artists like Alberto Giacometti, Mark Rothko, and Wassily Kandinsky, is estimated to fetch between $37 million and $53 million, led by Giacometti's sculpture "La Clairière (Composition avec neuf figures)" with an estimate of $18 million to $25 million.
The sale highlights the collecting journey of a significant American couple, tracing their evolution from early guidance by dealer Edith Halpert to acquiring major 20th-century masterpieces. It also underscores the enduring market strength for top-tier modernist works, particularly Giacometti, and provides a public finale to a collection that has been largely private, with proceeds likely directed to the family's philanthropic interests.