Tommy Hilfiger playing the art market

After selling his namesake company in 2006 for $1.6 billion, Hilfiger has emerged as a dedicated art collector.

“I like to buy and sell all the time,” he said. “I’m very interested in knowing who’s who, and what something is worth, and whether or not it would have a resale value.” But, he added: “I never want to buy something and just leave it in storage.”

To that end, Hilfiger, who estimated that he has about 50 artworks spread across his houses in New York, Connecticut, and Miami, is selling five major works at Phillips’ 20th century and contemporary art evening sale on Nov. 16.

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