Elaine Wynn’s $142 M. Francis Bacon Heads to LACMA as Christie’s Secures Collection

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The estate of top collector and casino magnate Elaine Wynn, who died this past April, has made decisions about the future of famed art holdings, with several works heading to auction in November and one heading to a museum next year.Wynn appeared on ARTnews’s annual Top 200 Collectors list several times, both individually and with her former husband Steve Wynn. She was known for her blue-chip collection that included major names from the 19th century onward, including Pablo Picasso, Édouard Manet, Joan Mitchell, Lucian Freud, and Francis Bacon.“My mother celebrated every piece that she collected,” Gillian Wynn, one of her two daughters, said in a statement. “She felt privileged to live with each and every one, but always understood that she was merely a temporary custodian. Good art moves and provokes us and then must live on to do the same for others.” The Los Angeles County Museum of Art, where Wynn was board cochair from 2015 until her death, will receive Francis Bacon’s Three Studies of Lucian Freud (1969), for which Wynn paid $142.2 million at a Christie’s auction in 2013. At the time, the painting broke the record for the most expensive artwork to ever sell at auction.It is the first Bacon work to enter LACMA’s collection, and it will go view as part of the opening of LACMA’s forthcoming new building, called the David Geffen Galleries, when it opens next year. Wynn previously donated $50 million to the capital campaign to fund the Peter Zumthor–designed structure.In a statement, LACMA director Michael Govan said, “Elaine was among the most generous and supportive leaders in LACMA’s entire history. She was our biggest champion, and was as passionate about accessibility to art as she was about works of art. Thanks to Elaine’s incredible generosity, Bacon’s masterpiece will belong to LACMA and the public.” Francis Bacon, Three Studies of Lucian Freud, 1969. ©The Estate of Francis Bacon/Los Angeles County Museum of Art, Gift of Elaine P. WynnChristie’s also announced that it will sell 20 works from Wynn’s collection as part of “Elaine: The Collection of Elaine Wynn,” which will be spread across three sales during the house’s marquee fall sales in New York. Nine will feature in 20th-century evening sale, two in the 21st-century evening sale, and nine in postwar and contemporary day sale. The lots are expected to achieve at least $75 million.Among the highlights from Wynn’s collection, which once hung in her Las Vegas, Los Angeles, and New York residences, are Richard Diebenkorn’s Ocean Park #40 (1971) and Lucian Freud’s The Painter Surprised by a Naked Admirer (2004–05), both of which are expected to sell for between $15 million and $25 million.Additionally, Christie’s will sell Joan Mitchell’s 1969 Sunflower V (carrying an estimate of $12 million–$18 million), J.M.W. Turner’s Ehrenbreitstein, or The Bright Stone of Honour and the Tomb of Marceau, from Byron’s Childe Harold ($12 million–$18 million), Fernand Léger’s 1921 Les Confidences (Les deux femmes au bouquet) ($6 million–$8 million), and Wayne Thiebaud’s 2000 painting River Stretch ($3 million–$5 million). The Turner work is the oldest one to be offered as part of the sale, having been first exhibited at the Royal Academy in London in 1835.J.M.W. Turner’s Ehrenbreitstein, or The Bright Stone of Honour and the Tomb of Marceau, from Byron’s Childe Harold, which was first exhibited in 1835, is expected to sell for between $12 million and $18 million.Courtesy Christie's“Elaine Wynn’s collecting was guided by the same curiosity, passion and style that marked her profound legacies in business and philanthropy,” Max Carter, Christie’s vice chairman of 20th- and 21st-century art, said in statement. “Her interests spanned over 150 years, from Turner’s poetic masterpiece, Ehrenbreitstein, to Freud’s culminant self-portrait; from Seurat’s exquisite Parisian view to perhaps Richard Diebenkorn’s most beautiful Ocean Park #40; from Joan Mitchell’s breathtaking Sunflower V to Olga de Amaral. Ms. Wynn was one-of-a-kind and we could not be more honored to work with her family and to celebrate her collection and example this fall at Christie’s.” The collection is the second and, so far, the most high-profile one announced for sale in New York this fall amid a shaky international art market. About a week ago, Christie’s announced that it had also secured the collection of Robert F. Weis and Patricia G. Ross Weis, which comprises 80 lots and has a valuation of $180 million. In contrast to Wynn, Weis, the former chairman of Weis Markets, was more private about his collecting; most of the works to be offered were rarely loaned to museums.Richard Diebenkorn’s Ocean Park #40 (1971) is expected to sell for between $15 million and $25 million.Courtesy Christie'sSeveral of Wynn’s works are being offered at prices below what the collector originally paid for them, according to the Wall Street Journal, which first reported the news. She paid $23.9 million for the Turner in 2017 and $27.3 million for the Diebenkorn, which Wynn purchased from Anne Marion’s single-owner sale at Sotheby’s in 2021. Additionally, a 2010 Adrian Ghenie will also be part of the upcoming Christie’s sale; Wynn paid $6.3 million for it in 2018, and it now carries a low estimate of $2.5 million. On the other hand, Wynn acquired the Mitchell painting in 2005 for $1.5 million, with its low estimate being eight times that figure.Kevyn Wynn, Elaine’s daughter, added in a statement, “Our mother lived a life filled with passion, conviction and grace. She had uncompromising standards and we have every confidence that Christie’s will uphold her vision and legacy.”