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Paul Allen
Christies's will sell its collection estimated at 1 billion dollars
Allen put together a collection that is worth about $1 billion. The house hasn't said when Allen's property will be put up for sale. Christie's will sell 150 pieces of art from the estate of Paul Allen. The sale is likely to be the most expensive art collection ever sold, more expensive than two of the most famous single-owner auctions that just took place. It is expected to bring in more than the $922 million made from the sale of Macklowe's collection at Sotheby's earlier this year and the $835 million made from the sale of David Rockefeller's collection at Christie's in 2018.
The tech pioneer was an art collector
Allen died from complications from non-Hodgkin’s lymphoma. He left his entire estate to his sister Jody Allen, who is still in charge of his investment company Vulcan. Since the mid-1970s, Allen has been known mostly as a tech pioneer. He also got a reputation for being a serious philanthropist and art collector, which he did in a very private way.
Works worth tens of millions of dollars
Among the pieces from the collection that will be sold are Jasper Johns's 1960 painting Small False Start, which is expected to sell for at least $50 million, and Paul Cézanne's 1888–1890 landscape La Montagne Sainte-Victoire, which is expected to sell for around $100 million.
Proceeds from the sale will be donated to charity
Marc Porter, the head of Christie's America, said that the money from the sale would go to charity. The auction house or representatives of Allen's estate have not yet said who will get the money. During his life, Allen was known for being a generous person who gave $2 billion to medical, environmental, and cultural causes. In the cultural world, he also started the Museum of Pop Culture (MoPOP) in Seattle in 2000 and the Seattle Art Fair in 2015.
Canaletto, Botticelli, Jan Brueghel, Renoir, Manet... were part of his collection
His large collection included works from the Old Masters, the Impressionists, and the modern and contemporary periods. Artists like Canaletto, Botticelli, Jan Brueghel, Renoir, Manet, Gauguin, and Seurat were shown, as well as Mark Rothko, Edward Hopper, Alexander Calder, Ed Ruscha, and David Hockney. Other important works that he is known to have bought at auction include Mark Rothko's 1956 abstraction Yellow Over Purple and Paul Gauguin's 1899 canvas Maternity II, both of which he bought in the early 2000s for $14.3 million and $39.2 million, respectively. In 2006, he paid $40.3 million at Christie's for Gustav Klimt's 1903 landscape Birch Forest.
From what we know, Allen has only sold a few important works. In 2016, Phillips sold Dsenjager (1953), a realistic painting of an airplane by Gerhard Richter that had been in Allen's collection, for $25.5 million.
Selena Mattei