Willkie Advises Pace Gallery on Joint Venture to Sell Financier’s Art Collection

February 19, 2020

The joint venture entered into an agreement with the estate of former PaineWebber chairman Donald Marron to sell off Mr. Marron’s art collection valued at over $300 million.

As reported in the Wall Street Journal, Pace Gallery, Acquavella Galleries and Gagosian Gallery entered into a collective agreement with the estate of billionaire art collector and former PaineWebber chairman Donald Marron to sell off Mr. Marron’s art collection valued at over $300 million. The galleries will co-organize a major show chronicling the collection that will be displayed in some of their New York spaces this spring.

Willkie represented Pace Gallery in negotiating the arrangements with the other galleries, and the joint venture in its agreement with the estate. The Willkie team was led by partner David Drewes and included associates Jennifer Coffey and Halie Klein.

Read: “Three New York Galleries to Sell Financier’s Art Collection,” Wall Street Journal (2/19/2020)