Microsoft co-founder Paul Allen’s art collection at auction, estimated at over $1 billion
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More than 150 works will be proposed, including the painting The Sainte-Victoire mountain by the French painter Paul Cézanne, estimated at more than 100 million dollars. All proceeds from the sale will be donated to charity, according to Christie’s.
The collection of late Microsoft co-founder Paul Allen will be put on display auction during a sale organized by Christie’s in New York in November, the auction house announced Thursday, August 25, which estimates it at more than a billion dollars, which would be an absolute record. More than 150 works will be proposed, including the painting The Sainte-Victoire mountain by the French painter Paul Cézanne, estimated at more than 100 million dollars. All proceeds from the sale will be donated to charity, according to Christie’s.
Died of cancer in 2018 at the age of 65, Paul Allen imagined, with Bill Gates, the operating system for personal computers that would make the success of Microsoft, founded in 1975. He left the group in 1983, because health problems but also a deteriorated relationship with Bill Gates, who was to remain in charge until 2000.
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The current record for private collections was set last spring by the American couple Harry and Linda Macklowe, with 922 million dollars in several auctions at Sotheby’s. In addition to Cézanne, is among the trophies of Paul Allen Small False Start by the American painter Jasper Johns, estimated at more than 50 million dollars, according to the New York Times. Christie’s has not communicated on other pieces, but a traveling exhibition mounted in 2016 drawing on Paul Allen’s collection gives a glimpse of its richness. We would find there paintings by Monet, Manet, Brueghel the younger, Klimt, Hockney or Richter.
With this sale, which follows that of the Macklowe collection and the portrait of Marilyn Monroe Shot Sage Blue Marilyn by Andy Warhol, which sold for 195 million dollars at the beginning of May (a record for a 20th century work), the current year could go down as one of the most significant in the history of the art market. “The inspirational character of Paul Allen, the extraordinary quality and diversity of the works and the destination of the proceeds of the sale to works create a unique combination that will make the sale of the Paul Allen collection an event of unprecedented magnitude”commented the general manager of Christie’s, Guillaume Cerutti, quoted in the press release.
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