Menu
Thu, March 28, 2024

Art from Microsoft founder Paul Allen sells for $1.6bn

A A- A+
NEW YORK: Works by artists including Cézanne, Seurat, and van Gogh sold for a record-breaking $1.6 billion during Christie's two-day auction of the late Microsoft co-founder Paul G Allen's masterpiece-heavy collection. All 155 of the artworks put up for auction on Wednesday and Thursday in New York sold, and five paintings sold for prices above $100 million. Georges Seurat's pointillist "Les Poseuses, Ensemble (Petite version)" sold for $149.2 million, Wednesday evening's highest price. The larger version of "Les Poseuses" is at the Barnes Collection in Philadelphia. Christie's experts said that pointillism, a revolutionary technique when it was developed by Seurat and Paul Signac involving dots of colour that combine to form an image, was of particular interest to Allen because of his computer background. The auction house quoted Allen saying he was "attracted to things like pointillism or a Jasper Johns 'numbers' work because they come from breaking something down into its components — like bytes or numbers, but in a different kind of language." [caption id="attachment_30492" align="alignnone" width="1000"] FILE - This undated photo provided by Christie's shows "La Montagne Sainte-Victoire" by Paul Cezanne, an oil on canvas from the Paul G Allen Collection. Photo: AP via RSS[/caption] Other highlights from Wednesday's sale included Paul Cézanne's "La Montagne Sainte-Victoire," which sold for $137.8 million, and van Gogh's landscape "Verger avec cyprès," which sold for $117.2 million. "Never before have more than two paintings exceeded $100 million in a single sale, but tonight, we saw five,' Max Carter, vice chair of 20th and 21st-century art at Christie's, said in a news release. [caption id="attachment_30491" align="alignnone" width="1000"] FILE - Two staff hang a Claude Monet 1904 painting 'Waterloo Bridge, temps couvert', for display at Christie's in London, on Thursday, June 14, 2007. Photo: AP via RSS[/caption] Eighteen works sold for record prices for the artists, who ranged from 17th century Flemish painter Jan Brueghel the Younger to 20th century photographer Edward Steichen. Topping the sales on Thursday was Claes Oldenburg and Coosje Van Bruggen's sculpture, "Typewriter Eraser, Scale X," which fetched $8.4 million. [caption id="attachment_30490" align="alignnone" width="1000"] FILE - This undated photo provided by Christie's shows "Small False Start," 1960, by Jasper Johns, encaustic, acrylic and paper collage on fiberboard, from the Paul G Allen Collection. The painting was one of 60 pieces from the Paul G. Allen collection auctioned by Christie's in New York, on Wednesday, November 9, 2022, bringing $1.5 billion in a single night. Photo: AP via RSS[/caption] All proceeds will benefit philanthropies chosen by Allen's estate. Allen, who co-founded Microsoft with his childhood friend Bill Gates, died from complications of non-Hodgkin's lymphoma in 2018. During his lifetime, he donated more than $2 billion to causes including ocean health, homelessness and advancing scientific research. The previous single-evening auction record of $852.9 million was set at Christie's contemporary art sale in New York in 2014. READ ALSO:
Published Date:
Post Comment
E-Magazine
FEBRUARY 2024

Click Here To Read Full Issue