Goldman Sachs Chair John C. Whitehead’s $40-Million Impressionist Collection Goes to Christie’s

The New York auction houses are starting to unveil the major offerings at their spring sales, and Christie’s New York has snagged 90 Impressionist works from the late Goldman Sachs chairman John C. Whitehead, which will go the auction block May 4 and 5. The collection, including paintings and works on paper, is estimated to fetch over $40 million in total.

The two biggest-ticket items account for nearly half the pre-sale estimate between them. Amedeo Modigliani’s oil Portrait of Béatrice Hastings (1916) is tagged at $7-$10 million; Hastings was the pen name of South African writer Emily Alice Haigh. Claude Monet’s painting Morning Landscape (Giverny), 1888, carries an estimate of $6-$8 million.

For previous artnet News coverage of Impressionist auctions, see Surrealism Shines at Christie’s $222.8 Million Impressionist and Modern Sale Courtesy Miró and Magritte and Christie’s Evening Impressionist and Modern Sale Totals $286 Million.

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Amedeo Modigliani, Portrait of Béatrice Hastings, 1916

Whitehead worked with New York dealer Achim Moeller to create his collection. He donated a Caillebotte canvas last year to New York’s Metropolitan Museum of Art and, in 1990, he gave a Redon to the National Gallery of Art in Washington, D.C.

Whitehead died in February at age 92. After his time at Goldman Sachs (1976-1985), he served as Deputy Secretary of State under Ronald Reagan and later as Chairman of the Federal Reserve Bank of New York. After 9/11, he worked as the chairman of the Lower Manhattan Development Corporation.


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