When the Richesons auctioned their collection away, they had one thing in common: they had no idea what to do with it.
As a result, their heirs, the heirs of a wealthy New York businessman who died in 2012, decided to sell their vast collection of antique and collectible items to raise funds for the Red Cross.
The estate of the late New York City philanthropist Richard Ritchie sold its collection to a nonprofit called the Ritchey Brothers Auctioning Foundation, which raised $30 million in 2016.
The auction will include the Richest Man in the World, the most expensive item on display and a rare item from the late actor Robert De Niro’s collection, the museum said.
The Ritches have long been a part of the cultural landscape of New York, with the late Richard Ritz, a renowned artist, working with the city’s Museum of Modern Art to build an installation that showcased a sculpture of a naked man and a sculpture by the artist George Segal.
Ritz’ wife, the actress Susan Sarandon, also lived in New York during the 1970s and 80s, and was active in arts and culture throughout her life.
In 2016, the Ritzs purchased their collection from the estate of their late father, Richard R. “Dick” Richeson, who died of liver cancer in February of that year.
The family said at the time that they wanted to use the proceeds to help the Red Red Cross in its efforts to help victims of the devastating drought in the country’s South.
The Richesmans are no strangers to philanthropy.
They donated more than $100 million to the Rockefeller Foundation during the height of the AIDS crisis in the 1990s.
And they helped establish the Institute for Global Development and the United Nations Development Fund, among other charitable organizations.
The group that the Richensons are part of said the proceeds will go to the charity for disaster relief and other humanitarian causes.
The auction, to be held on Sunday, will feature items from the collection that were auctioned by the Ritsons for $100,000.
The estate will also donate $1 million to help other charities.
The collection includes some of the most iconic pieces of art in American history.
In the early 1900s, the family bought the paintings of John Coltrane, William Burroughs and Andy Warhol for $25,000 apiece.
The collection also included paintings by John Columbo, Frank Stella, John Ruskin, Robert Rauschenberg, Charles Mingus and Frank Stella.
The Ritson’s also have a collection of rare and collectable items, including an 18th-century copy of a portrait of George Washington, a 14th- and 15th-cen tury copy of the work of Alexander Graham Bell and a 16th- Century copy of George Stevens.