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Saunders Spring

Sotheby’s has set its most valuable Old Masters auction ever for May: the Saunders collection, the product of a four-year buying spree fueled by Wall Street money, which could fetch more than $80 million.

Guardi painting, Sotheby's
The auction also includes a pair of Guardi paintings that the Saunders acquired at Sotheby’s in 2000 for $5.6 million and are now being offered for $10 million. Photo: Courtesy of Sotheby's
Julie Brener Davich
March 4, 2025

“Old Masters lovers share several traits: curiosity, passion for provenance, love of color and history,” wrote collector Jordan Saunders, who amassed one of the most consequential collections of such paintings in the 20th century along with her late husband, the legendary Morgan Stanley banker and private equity O.G. Thomas Saunders III. “I am in awe of the artists’ techniques, the stories they tell, all the tiny details, and, in some, the hidden symbolism.”