NEW YORK, NY.- Manhattan real estate tycoon and President of Hirschfeld Properties, LLC, Elie Hirschfeld announces the acquisition of "Gray Scramble X (double)" (1973, Alkyd on Canvas), an original oil painting by Frank Stella (born 1936) valued at $2,000,000.
In 1973, the Hirschfeld family acquired the iconic Gray Scramble X (double) oil painting in conjunction with the sale of the famed 817 Fifth Avenue apartment previously owned by Marquesa Carroll de Portago, wife of Marquis Alfonso de Portago and namesake of Stella's 1970 "Marquis de Portago" hanging in the Hirshhorn Museum at the Smithsonian in Washington, D.C. "Gray Scramble X (double) holds great meaning to me because it was not only bestowed to me by my mother, but it is an integral piece of modern art's history," said Elie Hirschfeld.
"From a minimalist style that electrified the world of abstract painting to his recent work with computer generated art, Stella's works have graced renowned galleries worldwide including the Museum of Modern Art and Metropolitan Museum of Art as well as Sotheby's auction blocks.
"The Gray Scramble X (double) is in the style of Stella's earlier works, which also contain concentric lines, some in gray tones and some in color.
Elie Hirschfeld is an avid art collector who began his collection with "The Artists Show in Washington Square Park" by Thomas Hart Benton.
Since then, his collection has grown to hundreds of New York scenes with such notable works as Andy Warhol's "Brooklyn Bridge," Frank Stella's "Squares" and Norman Rockwell's "Gramercy Park."