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Microsoft Co-founder’s $1 Billion Art Collection
Posted
November 9, 2022
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2,640
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November 9, 2022
2,640
34
1.29%
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1:31Now PlayingThe late Microsoft co-founder Paul Allen’s art collection is going under the hammer at Christie’s on Wednesday evening in New York. Roughly 150 artworks, including a $120 million painting by Cezanne and a $100 million landscape Van Gogh, are anticipated to bring in more than $1 billion. The real question is, who actually has the liquidity and who has the desire to bid on these works? Bloomberg’s James Tarmy reports.
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We’re about to find out how many of the world’s richest people are liquid enough to spend $100 million for a painting.
The first gut-punch of a painting at Christie’s Paul Allen evening sale arrives via lot 6—an exquisite pointillist seascape by Paul Signac, which carries an estimate of $28 million to $35 million.
Two lots later, that Signac might begin to feel positively affordable.
Lot 8 in the billion-dollar auction of the late Microsoft co-founder’s estate is a small, 1888 oil on canvas by Georges Seurat, Les Poseuses, Ensemble (Petite version), which carries a presale estimate of $100 million. At 15.5 inches high and 19.75 inches wide, it is indeed petite: The cost would be about $326,664 per square inch.
After that, the wild numbers come fast and furious: There’s a Gauguin for $90 million; a Cezanne for $120 million; a Klimt for $90 million; a van Gogh for $100 million; a Lucian Freud for $75 million; a Manet for $45 million to $65 million; a Monet for $60 million. In between are comparatively minor artworks—a Georgia O’Keeffe for a mere $6 million to $8 million—as palate cleansers.
#Art #PaulAllen #Explained
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