Tuesday, March 20, 2018

A billionaire businessman raises the bar in collecting and philanthropy

SOTHEBY'S
By Anthony Calnek
MORTON AND BARBARA MANDEL AT BRANDEIS UNIVERSITY, ONE OF THE MANY INSTITUTIONS THEY SUPPORT
Now the couple is parting with 26 masterworks from their collection, the proceeds from which will go entirely to a non-profit family foundation. To be auctioned at Sotheby’s in May, the collection is estimated to bring in excess of $75 million, which will help the Mandel Foundation achieve its mission “to contribute to the flourishing of the United States and Israel as just, inclusive and compassionate societies, and to improve the quality of life in both countries.” From its headquarters in Cleveland, the foundation supports leadership training, management excellence in the non-profit sector, the humanities, urban renewal and Jewish life. [More]
JOAN MIRÓ, FEMME, OISEAU, 1969-1974 (LEFT). DONALD JUDD, UNTITLED, 1993 (RIGHT).