{"id":58030,"date":"2022-08-27T13:38:05","date_gmt":"2022-08-27T13:38:05","guid":{"rendered":"https:\/\/harchi90.com\/paul-allens-billion-dollar-art-collection-to-be-auctioned\/"},"modified":"2022-08-27T13:38:05","modified_gmt":"2022-08-27T13:38:05","slug":"paul-allens-billion-dollar-art-collection-to-be-auctioned","status":"publish","type":"post","link":"https:\/\/harchi90.com\/paul-allens-billion-dollar-art-collection-to-be-auctioned\/","title":{"rendered":"Paul Allen’s billion-dollar art collection to be auctioned"},"content":{"rendered":"

\n\t
\n <\/p>\n
\n
\n\t\t\t\t\t\t\t\t\t<\/p>\n

Getty Images<\/p>\n<\/p><\/div>\n

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.<\/p>\n

Via the Associated Press, roughly 150 items worth more than $1 billion will be auctioned through Christie’s.<\/p>\n

\u201cThese works mean so much to so many, and I know that Christie’s will ensure their respectful dispersal to generate tremendous value for philanthropic pursuits in accordance with Paul’s wishes,\u201d said his sister, Jody, who currently serves as controlling owner of the Seahawks.<\/p>\n

The reference to \u201cphilanthropic pursuits\u201d is significant in this context. The issue of a potential sale of the Seahawks and the Portland Trail Blazers emerged due to a report that Paul Allen’s trust requires that his assets must be liquidated with the proceeds going to Allen’s \u201cpassion projects.\u201d Also, when Jody Allen issued a statement in July explaining that the Seahawks are not currently for sale, she added this: \u201cA time will come when that changes given Paul’s plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can take 10 to 20 years to wind down. There is no pre-ordained timeline by which the teams must be sold.\u201d<\/p>\n

The most important date is May 1, 2024. Any sale of the Seahawks before May 2024 requires 10 percent of the proceeds to go to the state of Washington, a term of the deal to build the team’s current stadium. With the Seahawks likely to generate $5 billion or more, that’s a large chunk of money that would come off the top of the transaction. At this point, it’s easy enough to wait another 20 months to sell.<\/p>\n

Eventually, the Seahawks will be sold. The sale of Paul Allen’s billion-dollar art collection underscores the fact that it’s just a matter of time.<\/p>\n<\/p><\/div>\n


\n
\n\t \n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 Christie’s. \u201cThese works mean …<\/p>\n

Paul Allen’s billion-dollar art collection to be auctioned<\/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":58829,"url":"https:\/\/harchi90.com\/paul-allens-1-billion-art-collection-to-be-auctioned-off\/","url_meta":{"origin":58030,"position":0},"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":57459,"url":"https:\/\/harchi90.com\/microsoft-co-founder-paul-allens-1-billion-art-collection-up-for-auction-at-christies\/","url_meta":{"origin":58030,"position":1},"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":56844,"url":"https:\/\/harchi90.com\/christies-to-sell-paul-allens-1-billion-art-collection\/","url_meta":{"origin":58030,"position":2},"title":"Christie’s to sell Paul Allen’s $1 billion art collection","date":"August 26, 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/profootballtalk.nbcsports.com\/wp-content\/uploads\/sites\/25\/2022\/08\/GettyImages-1178908564-e1661599255127.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/58030"}],"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=58030"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/58030\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=58030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=58030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=58030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}