{"id":56844,"date":"2022-08-26T07:39:59","date_gmt":"2022-08-26T07:39:59","guid":{"rendered":"https:\/\/harchi90.com\/christies-to-sell-paul-allens-1-billion-art-collection\/"},"modified":"2022-08-26T07:39:59","modified_gmt":"2022-08-26T07:39:59","slug":"christies-to-sell-paul-allens-1-billion-art-collection","status":"publish","type":"post","link":"https:\/\/harchi90.com\/christies-to-sell-paul-allens-1-billion-art-collection\/","title":{"rendered":"Christie’s to sell Paul Allen’s $1 billion art collection"},"content":{"rendered":"
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In the art world’s latest eye-popping development, Christie’s auction house announced Thursday that it would sell the impressive art collection of Microsoft co-founder Paul Allen, who died in 2018. The trove, which includes masterpieces by Pierre-Auguste Renoir and Roy Lichtenstein , has an estimated valued of more than $1 billion.<\/p>\n

The sale of more than 150 artworks spanning 500 years \u2014 to take place on an undetermined date in November \u2014 would be the largest in auction history. Christie’s said it would dedicate all the proceeds to philanthropy, as Allen directed.<\/p>\n

\u201cIt’s a major event for the art market and for the art world,\u201d Guillaume Cerutti, CEO of Christie’s, said in a telephone interview. \u201cThe fact that it embraces five centuries of great art \u2014 from Botticelli to David Hockney, plus, of course, the very inspirational figure of Paul Allen, plus the fact that the sale is dedicated to philanthropy \u2014 we are really moved by this extraordinary project we are on. It’s something that’s very special.\u201d<\/p>\n

Despite continuing economic fallout from the pandemic, an overseas war and spiking inflation, the art market has continued to surge, proving \u2014 as it always seems to \u2014 that the wealthiest collectors are largely insulated from the world’s turmoil. The market in 2021 generated $65.1 billion, according to the annual survey published by Art Basel and UBS.<\/p>\n

In May, Andy Warhol’s 1964 silk-screen of Marilyn Monroe’s face, \u201cShot Sage Blue Marilyn,\u201d sold for about $195 million to an unknown buyer at Christie’s in New York, making it the highest price achieved for any American work of art at auction .<\/p>\n

Earlier this year, the second cache of modern and contemporary works owned by real estate magnate Harry Macklowe and his former wife Linda Macklowe helped Sotheby’s achieve a record sale for a private collection of art at auction, $922 million.<\/p>\n

In 2018, the treasures of David and Peggy Rockefeller set a high of $833 million for the most valuable private collection sold at auction, surpassing the $443 million total (revised in 2013) for the Yves Saint Laurent collection in 2009.<\/p>\n

Among the highlights of the works from the Allen estate that will be for sale is Jasper Johns’ acrylic-and-paper collage \u201cSmall False Start\u201d (1960), estimated to bring more than $50 million, and Paul C\u00e9zanne’s \u201cLa Montagne Sainte- Victoire\u201d (1888-90), estimated at more than $100 million. But there are also several old masters. Other details of exactly which works would be offered were not available.<\/p>\n

\u201cThis is an extremely focused vision,\u201d Alex Rotter, chair of Christie’s departments specializing in sales of 20th- and 21st-century art, said of Allen’s collection. \u201cLandscape and figuration are definitely dominant.\u201d<\/p>\n

Allen, who founded Microsoft with Bill Gates, caught the art bug after being captivated by JMW Turner’s romantic seascapes and Lichtenstein’s pop paintings on a visit to the Tate Britain in London.<\/p>\n

He pursued his interest in visual art with the same passion he brought to music; in 2000, Allen founded the Experience Music Project \u2014 now the Museum of Pop Culture \u2014 where he displayed items such as guitars owned by Jimi Hendrix in a Seattle building designed by Frank Gehry.<\/p>\n

Allen lent artworks to major museums and galleries, populating shows with his personal holdings. The exhibition \u201cSeeing Nature,\u201d organized by the Portland Art Museum, the Seattle Art Museum and the Paul G. Allen Family Collection in 2016, included pieces by Vincent van Gogh, Edward Hopper and Gustav Klimt. Among the highlights was Jan Brueghel the Younger’s 17th-century allegorical paintings of the five senses.<\/p>\n

\u201cTo live with these pieces of art is truly amazing,\u201d Allen told Bloomberg in 2015. \u201cI feel that you should share some of the works to give the public a chance to see them.\u201d<\/p>\n

\u201cDouble Take: From Monet to Lichtenstein,\u201d presented at his pop-culture museum in 2006, paired impressionist works with old masters, modern and contemporary pieces. Van Gogh’s 1888 \u201cOrchard With Peach Trees in Blossom\u201d was juxtaposed with Max Ernst’s 1940 \u201cLandscape With Lake and Chimeras\u201d; a Willem de Kooning 1975 untitled abstract was matched with Claude Monet’s 1919 \u201cWater Lilies.\u201d<\/p>\n

Allen also treated art as an important investment. At Christie’s in 2016, he was the anonymous buyer of Monet’s 1891 canvas of a haystack for $81.4 million, at the time an auction record, according to Bloomberg.<\/p>\n

That same year, he sold a painting of an American fighter jet screaming across the sky by Gerhard Richter for $25.6 million, more than double the $11.2 million he paid a decade before, and in 2014, he sold a Mark Rothko painting for $56.2 million, for which he had paid $34.2 million in 2007.<\/p>\n

Allen made a point of bringing culture to Seattle, partly in an effort to make art accessible to more people. He started the Seattle Art Fair at the city’s football stadium, home to the NFL’s Seattle Seahawks, which Allen also owned. His investment company, Vulcan, also commissioned public-art projects in the city and supported local artists.<\/p>\n

\u201cPaul truly understood the power and significance of art and was always happy to share that experience with others,\u201d Jody Allen, executor of the Paul G. Allen Estate, said in a statement. \u201cI am very pleased to have this unparalleled collection in the hands of Christie’s world-class operation to lead its safe passage to new collectors around the world.\u201d<\/p>\n

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This story was originally published at nytimes.com. Read it here.<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

In the art world’s latest eye-popping development, Christie’s auction house announced Thursday that it would sell the impressive art collection of Microsoft co-founder Paul Allen, who died in 2018. The trove, which includes masterpieces by Pierre-Auguste Renoir and Roy Lichtenstein , has an estimated valued of more than $1 billion. The sale of more than …<\/p>\n

Christie’s to sell Paul Allen’s $1 billion art collection<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":57459,"url":"https:\/\/harchi90.com\/microsoft-co-founder-paul-allens-1-billion-art-collection-up-for-auction-at-christies\/","url_meta":{"origin":56844,"position":0},"title":"Microsoft co-founder Paul Allen’s $1 billion art collection up for auction at Christie’s","date":"August 26, 2022","format":false,"excerpt":"Late Microsoft founder Paul Allen's stunning art collection will soon hit the auction block and is expected to fetch over $1 billion \u2014 the most expensive art auction in history. In a statement released late Thursday, Christie's confirmed that it had won the rights to sell more than 150 \u201cmasterpieces\u201d\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/paul-allen-01.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":58829,"url":"https:\/\/harchi90.com\/paul-allens-1-billion-art-collection-to-be-auctioned-off\/","url_meta":{"origin":56844,"position":1},"title":"Paul Allen’s $1 Billion Art Collection to Be Auctioned Off","date":"August 28, 2022","format":false,"excerpt":"Photo: Larry Busacca\/WireImage Great news for all the art collectors of the world with millions of dollars to spare: Paul Allen's art collection is going up for grabs. Per the New York times, the upcoming sale of the late Microsoft co-founder's extensive collection is expected to be the largest art\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58030,"url":"https:\/\/harchi90.com\/paul-allens-billion-dollar-art-collection-to-be-auctioned\/","url_meta":{"origin":56844,"position":2},"title":"Paul Allen’s billion-dollar art collection to be auctioned","date":"August 27, 2022","format":false,"excerpt":"\r \r \r Getty Images Speculation recently emerged that, sooner than later, the NFL (and NBA) franchises owned by the late Paul Allen will be sold. For now, his immense art collection is for sale.Via the Associated Press, roughly 150 items worth more than $1 billion will be auctioned through\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"Los Angeles Rams v Seattle Seahawks","src":"https:\/\/i0.wp.com\/profootballtalk.nbcsports.com\/wp-content\/uploads\/sites\/25\/2022\/08\/GettyImages-1178908564-e1661599255127.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"fifu_image_url":"https:\/\/images.seattletimes.com\/wp-content\/uploads\/2022\/08\/08252022_TZR_tzr_191750.jpg?d=1200x630","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/56844"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=56844"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/56844\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=56844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=56844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=56844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}