An acrimonious divorce resulted in a recording-setting art auction for Sotheby’s when the “Macklowe Collection” garnered $676.1 million in sales this past Monday.
The blue-chip art collection, including pieces by Jackson Pollack, Mark Rothko and Andy Warhol, was acquired by real estate magnate Harry and Linda Marlowe, a board member at the Metropolitan Museum of Art, over the course of their 50-year marriage.
The collection was a source of great pride for the couple. During their divorce, however, the amassed art turned into a source of heated conflict as both spouses dug in on asset division. Linda wanted to keep the collection intact, but Harry disagreed. Neither spouse could agree to a value on the collection. After wrangling over the art for three years, a judge finally ordered the pair to sell off everything and split the proceeds.
As the NYPost reported:
[Insider Vicky] Ward told The Post, “The art collection was what bonded Harry and Linda. If there had been no art collection they would have never stayed together. Harry absolutely respected her eye.”
But, Ward added, “This was the toxic marriage from hell. The level of vitriol, but at the same time this extraordinary bond, was there. They needed each other and they destroyed each other.”
Ward maintained that Linda wanted to keep the collection together, even after the divorce, and Harry pressed to break it up because “she forced him to sell the General Motors Building, which symbolized the apex of his career. This auction is the ultimate tit for tat.”
Do you have a collection — of art, wine, antiques, or even Beanie Babies — that’s a sore spot in your divorce? Here are three takeaways from the Macklowe divorce and art collection sell off that can help maintain perspective when dividing collection with high value and sentimentality. Read more
The Ross and Rachel Effect: How To Recover A Relationship When One Spouse Cheats “On a Break”
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When Ross and Rachel from the hit sit-com Friends infamously took a break from their relationship, Ross had a one-night stand. The issues that triggered the schism, busy work schedules and miscommunication, were small potatoes compared to their conflicting views on what was permissible during a separation. Ross’s insistence that he didn’t cheat “because we were on a break!” and Rachel’s insistence that he did cheat because she believed it wasn’t clear they were on a break morphed into a permanent rupture – for a few seasons, at least!
So, let’s talk about sex outside the relationship when you and your partner have officially agreed to go on hiatus. Here are some common concerns, and how to navigate them. Read more
Divorce in NJ in 2022: For Those About To File, What’s New?
Made the decision to get a divorce in NJ in 2022? Divorce best practices are constantly changing, and this year is no exception. What should you watch out for as you begin the divorce process? Find out three key changes that affect divorce in New Jersey in 2022. Read more
Divorce in NJ in 2022: Men, Avoid These Top Divorce Blunders
Divorce in NJ in 2022: You’ve made the decision to divorce this year. What’s next? For starters, you need to know that men navigating the New Jersey divorce process are at higher risk for making certain costly mistakes, resulting in a loss of both money and time. Ready to get your 2022 divorce off to the best start possible? Here’s a look at common men’s divorce blunders — and how to avoid them! Read more
Divorce in NJ in 2022: Women, Don’t Make These Costly Mistakes!
Have you made the decision to divorce in 2022? As you start the divorce process in New Jersey, you need to be aware of costly mistakes that women often make in divorce — and how to avoid them.
Here are five common pitfalls women should watch out for, with tips for how to keep your divorce error-free. Read more
Marriage Not In The Cards? Here’s Why You Need A Palimony Agreement
In any long-term relationship, either partner can entertain thoughts of “what happens if this ends?” When partners are married, a concerned spouse can simply look up information on divorce law to get a rough idea of how marital assets could be divided in divorce and how much alimony they may receive to help maintain their marital lifestyle.
For unmarried cohabiting partners, answering this same question is not so easy. An unmarried couple cannot technically create marital property and rules regarding alimony don’t apply.
So what can unmarried couples do to protect themselves? The answer is “palimony,” which refers to financial compensation or property rights that one cohabiting partner agrees to give to the other partner should the relationship end.
Are you in a cohabiting relationship and curious about what a palimony agreement could offer you? Here are some dos and don’s and how-to tips for establishing a palimony agreement in New Jersey. Read more
How To Share A Happy Holiday With Your Ex And Your Kids
Yes, Virginia, it is possible to share the holiday with your ex and kids and make it a happy one! Celebrating together has benefits: it keeps children from having to do double-duty on the holiday, race between households, or miss being with one parent. Think you and your ex are up to the challenge of a family holiday? Read on for some tips on how to make your shared holiday successful. Read more
Kim Kardashian Just Asked A Judge to Be Declared “Legally Single” — How Is This Different From Divorce?
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Kim Kardashian filed for divorce from Kanye West in February. Less than a year later, Kardashian is back in court to ask a judge to declare her “legally single” amidst the couple’s ongoing divorce proceedings.
What Kardashian is requesting is a legal tactic called a “bifurcated divorce” that enables a judge to issue a judgment that dissolves marital status while setting aside custody, asset division and other potentially time-consuming issues to be resolved at a later time.
Bifurcated divorce is an option available in New Jersey in certain divorce situations. Is this type of divorce right for you? Here’s what you need to know. Read more
When Art Imitates Divorce: The Splitting of An Art Fortune Has Lessons for The Rest of Us
An acrimonious divorce resulted in a recording-setting art auction for Sotheby’s when the “Macklowe Collection” garnered $676.1 million in sales this past Monday.
The blue-chip art collection, including pieces by Jackson Pollack, Mark Rothko and Andy Warhol, was acquired by real estate magnate Harry and Linda Marlowe, a board member at the Metropolitan Museum of Art, over the course of their 50-year marriage.
The collection was a source of great pride for the couple. During their divorce, however, the amassed art turned into a source of heated conflict as both spouses dug in on asset division. Linda wanted to keep the collection intact, but Harry disagreed. Neither spouse could agree to a value on the collection. After wrangling over the art for three years, a judge finally ordered the pair to sell off everything and split the proceeds.
As the NYPost reported:
Do you have a collection — of art, wine, antiques, or even Beanie Babies — that’s a sore spot in your divorce? Here are three takeaways from the Macklowe divorce and art collection sell off that can help maintain perspective when dividing collection with high value and sentimentality. Read more
Inspired by Adele: Divorced Parents Should Take It Easy On Themselves Too
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Are you beating yourself up for getting divorced? Feeling guilty for dragging your kids through so many changes? Take a cue from singer Adele, who wrote her new song Easy On Me to help her son understand the reasons for her divorce and to ask him to forgive her for upending his life. Here, the singer talks about her motivation:
“I just felt like I wanted to explain to him, through this record, when he’s in his twenties or thirties, who I am and why I voluntarily chose to dismantle his entire life in the pursuit of my own happiness,” Adele told British Vogue in a recent interview. “It made him really unhappy sometimes. And that’s a real wound for me that I don’t know if I’ll ever be able to heal.”
Are you hiding onto to lots of guilt and shame in your divorce? Learn how to “take it easy” on yourself with these tips for reframing how you think about divorce. Read more
2021 Holiday Tips For Divorced Co-Parents
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