Texas ranch heiress' art collection, worth about $150 million, up for auction

Including works by Andy Warhol, Roy Lichtenstein and Franz Kline, the art collection of Texas oil and ranching heiress Anne Marion will be up for auction this spring in New York. Sotheby's said three masterworks at the heart of the collection are expected to each sell for over $20 million.

An art collection worth an estimated $150 million that belonged to the late Texas oil and ranching heiress Anne Marion is going up for auction this spring in New York.

Sotheby's said Wednesday that Marion's private collection includes works by Andy Warhol, Roy Lichtenstein and Franz Kline.

Marion, who founded the Georgia O'Keeffe Museum in Santa Fe, New Mexico, died last year at the age of 81. Marion and her husband, John Marion, a former Sotheby’s chairman and auctioneer, established the museum in 1997.

Sotheby's said three masterworks at the heart of the collection are expected to each sell for over $20 million. They are: Warhol's “Elvis 2 Times,” Richard Diebenkorn's “Ocean Park No. 40,” and Clyfford Still's “PH-125 (1948-No. 1).”

Marion, the great-granddaughter of Capt. Samuel Burk Burnett, was the heiress to the historic Four Sixes Ranch in King County in West Texas.

Sotheby's said the masterworks that formed her art collection were featured in her Fort Worth home, which was designed by architect I.M. Pei.

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