Ex-Goldman exec's art collection expected to fetch $40m

Art Garfunkel

John Whitehead, the late Wall Street banker who led Goldman Sachs’s expansion overseas, was also an avid art collector who owned works by Claude Monet and Amedeo Modigliani.

Bloomberg News reports that Christie’s said Monday that 90 works from Whitehead’s collection are expected to fetch more than $40m at sales on May 4-5. Christie’s and Sotheby’s are starting to announce their top consignments for the semi-annual auctions of modern, Impressionist, postwar and contemporary art in New York.

The previous round of these sales tallied a record $2.3bn in November as growing ranks of wealthy individuals turn to art for asset diversification and as a status symbol.

Whitehead, who died in February at 92, led Goldman Sachs’s first forays abroad in the 1970s and 1980s. He spent 37 years at Goldman Sachs, eight of them as co-head.

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Whitehead Steered Goldman, Collected Art Now Worth $40 Million

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