Nov 16, 2021 · The split of real-estate billionaire Harry Macklowe and his ex-wife Linda led to the richest night of art sales in Sotheby’s history on Monday, in a …
May 26, 2018 · While Harry and Linda Macklowe’s $2 billion divorce is headed to a trial, it’s worth noting that vicious, drawn-out divorces are something of a family heritage. Before Harry moved his mistress into a cushy apartment at one of his ritzy properties, his daughter Elizabeth was already years into a divorce from her now ex-husband, Swig Equities ...
Feb 07, 2020 · No date has yet been set, but perhaps by May, the four-year-long divorce of the 59-year-long marriage of Harry and Linda Macklowe will finally have come to its conclusion. If your marriage in Brooklyn is coming to an end, we can help make sure things don’t drag on forever. Call the team at Zelenitz, Shapiro & D’Agostino today at 718-725 ...
Mar 13, 2019 · When reached by phone, Linda declined to comment, stating, “I prefer privacy.” Her attorney, John Teitler, refused to discuss the case. Harry, 81, told us, “My ex-wife filed a stay . …
Harry B. MackloweNationalityAmericanOccupationReal estate investorKnown forFounder of Macklowe PropertiesSpouse(s)Linda Burg (m. 1959, div. 2018) Patricia Lazar-Landeau (m. 2019)2 more rows
About 85 years (1937)Harry B. Macklowe / Age
“We don't go to sleep — we talk in bed all night,” said Harry of Patricia Landeau, 63, a French former fashion executive and mother of four. The two wed March 7 after Harry's bitter, and very public, divorce from Linda Macklowe, his wife of nearly 60 years.16 Mar 2019
Macklowe told Ms. Macklowe that the marriage was over. The tabloids soon reported that he was having an affair with Patricia Landeau, the president of the French Friends of Israel Museum, in Jerusalem. By the end of last year, the Macklowes' divorce had been granted.16 Nov 2021
Swig, the 60-year-old heir to a family real-estate fortune and cochairman of the company that controls the high-end national residential-brokerage firm Brown Harris Stevens, announced digau last month with some fanfare.27 May 2021
between $900 million and $1.1 billionHarry Macklowe is often reported to be a billionaire, but in 2019 Forbes estimated he and Linda had a collective net worth of between $900 million and $1.1 billion. After their divorce, a judge ordered the couple to split their fortune, leaving each with between $450 million and $550 million, Forbes estimated.15 Nov 2021
Harry Macklowe's new wife Patricia Landeau age is currently 65 years old.20 Dec 2021
While Harry and Linda Macklowe’s $2 billion divorce is headed to a trial, it’s worth noting that vicious, drawn-out divorces are something of a family heritage.
Liz once had hundreds of pounds of slate rock, complete with wildflowers and rock climbing equipment, hauled into their apartment when she threw her brother, Billy Macklowe, a birthday party.
As for the apartment, Liz put that on the market shortly after the divorce was final. It took two years to sell, but in the spring of 2016, she offloaded it at a steep discount, pocketing just $18 million. Usually when people are contemplating divorce they have a lot of questions.
While Kent made public claims of poverty both before and after the divorce, it seems that few believe the scion of a real estate fortune is merely scraping by, noting the existence of family trusts that creditors will never be able to touch.
In the Macklowes’ divorce, David Boies , a lawyer who represented Mr. Macklowe in the appeal, told the appeals court that the former spouses had to unload the art “to sustain their lifestyle.”. “They don’t have the cash,” Mr. Boies said, noting that 60 to 75 percent of their assets were tied up in the art collection.
But the wrangling continued over how to divide what Mr. Macklowe, 82, and Ms. Macklowe, 81, amassed in 59 years of marriage — an art collection that David N. Redden, a former vice chairman of Sotheby’s, called “fairly staggering” and “one of the great prizes.”. “The art world will be fighting over it,” he said.
Macklowe “liked it for different reasons.”. He prized the theater of the art world — the thrill of auctions and the hobnobbing at gallery receptions. Justice Drager noted that art had been a mutual interest during the Macklowes’ marriage. Mr.
Mr. Macklowe was No. 239 on Forbes magazine’s 2007 list of the 400 wealthiest Americans, with a net worth of $2 billion ($2.48 billion today). That was when he still owned the G.M. building. He has not made the Forbes list since.
He ultimately paid $2 million to settle a civil lawsuit the city had filed.
Drager of State Supreme Court, gave Mr. Macklowe the yacht (his ex-wife got a credit for $3.28 million) and cars that the judge said were worth $385,000. Ms.
Their divorce is the latest rancorous breakup in the moneyed world of New York, but this one comes with the added twist of an impressive art collection that has been valued at as much as nearly $1 billion. The Macklowes’ wealth made them prominent in the Manhattan celebrity whirl for years.
Harry’s appraiser, Metropolitan Valuation Services, claimed that it’s worth $107 million. But Jonathan Miller, hired by Linda’s team, argued it’s closer to $55 million.
Since 1980, New York state has treated marriage as an economic partnership. In contested divorces, marital assets — defined as any property acquired during the marriage — are divvied up based on each spouse’s contribution to the union. Even when both sides agree to a 50-50 split, the court has a good bit of discretion, tasked with valuing each asset and ensuring both parties get their fair share.
One intense sort of attention that the Macklowe case has attracted, worldwide, has been that from museums, auction houses, and dealers, who are, to put it diplomatically, poised as so many falcons to swoop in on the spoils when the art is finally cut free. At the moment, despite the former Mrs. Macklowe's desires to keep her art close by, the question seems not to be if, but when.
The Epic Macklowe Divorce: How A Famous $1 Billion Art Collection Got Snagged In Court. Opinions expressed by Forbes Contributors are their own. building in the western hemisphere, is pictured beside a 42-foot-high photo of his new wife, Patricia Landeau, on the side of his Park Avenue buidling March 14, 2019.