Christie's to sell art collection of late ex-Goldman Sachs chairman; it could go for $40M

The art collection of the late former chairman of Goldman Sachs is heading to auction.

Christie's says 90 Impressionist and Post-Impressionist works belonging to John Whitehead could bring over $40 million.

Paintings by Amedeo Modigliani (ah-mah-DAY'-oh moh-deel-YAH'-nee) and Claude Monet are among the highlights at its spring sales May 4-5.

Whitehead headed the Lower Manhattan Development Corp. after the Sept. 11 attacks. He also served as chairman to the Federal Reserve Bank of New York and deputy secretary of state under President Ronald Reagan.

He died in February at 92.

Whitehead assembled his collection over 30 years with the help of art historian and dealer Achim Moeller (AH'-heem MUH'-luhr).

He donated two major paintings to New York's Metropolitan Museum of Art and the National Gallery of Art in Washington, D.C.