The Gray Market: Why History Equipped the Mega-Dealers to Win the $450 Million Marron Estate (and Other Insights)

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The Romanian-born art dealer Ileana Sonnabend

Our columnist charts the precedents that positioned Pace, Gagosian, and Acquavella to beat the auction houses for Donald Marron's collection. The Romanian-born art dealer Ileana Sonnabend (1914-2007) in her gallery in front of a large-scale painting by AR Penck. (Photo by Michel Delsol/Getty Images) Every Monday morning, Artnet News brings you The Gray Market. The column decodes important stories from the previous week—and offers unparalleled insight into the inner workings of the art industry in the process. In this edition, leaping from the week’s biggest story back in time… PRIVATE PARTY On Wednesday, news broke that the powerhouse collection of late financier and