Microsoft co-founder Paul Allen’s art collection has surpassed $1.5 billion at auction.

Philanthropist and Microsoft co-founder Paul G. Allen.Wiktor Szymanowicz in London 14 October 2022 | Anadolu Agency | Getty Images Christie sold 60 pieces from the Paul G. Allen collection for more than $1.5 billion on Wednesday night. Five paintings have crossed the $100 million mark as wealthy collectors around the world ignore economic and cryptocurrency concerns to invest in trophy pieces. Seller — Georges Seurat’s “Les Poseuses, Ensemble” sold for $149.2 million. Artists including Vincent van Gogh, Edward Steichen, Gustav Klimt and others have set new records at auctions, with several pieces being sold for three to four times their estimated prices. The Harry and Linda McClowe collection sold for $922 million at Sotheby’s auction. Total sales of the Allen collection will skyrocket even further on Thursday morning, when another 95 lots are headed for auction. The sale took place on the same day that the Dow fell more than 600 points and Bitcoin plummeted to its lowest level since November 2020. Allen signed the Giving Pledge, promising to donate more than half of his fortune to charities, so all of his proceeds go to charities. He bought Gustav Klimt’s “Birch Forest” in 2006 for $40 million and sold it on Wednesday for $104 million. Paul Cézanne’s “La Montagne Sainte-Victoire” was auctioned off in Paul Allen’s collection at Christie’s, New York, on November 9, 2022. Robert Frank | CNBCPaul Cezanne’s “La Montagne Sainte-Victoire” sold for $137.8 million. Vincent van Gogh’s “Verger avec Cypres” sold for $117 million and set a new van Gogh record at auction in 1990. Paul Gaugin’s “Maternite II” sold for $155.7 million. Lucian Freud’s “Large Interior, W11 (after Watteau)” is considered one of his greatest masterpieces and sold for $86.3 million. One of Claude Monet’s “Waterloo Bridge” paintings has sold for $64.5 million. Bids, bids by Christie’s experts over the phone on behalf of clients in Asia, the Middle East, Europe and the United States, have been strong worldwide. calculation. Edward Steichen’s famous photo of New York’s Flatiron Building sold for $11.8 million, making him the second most expensive photographer of all time, beating estimates of $2 million to $3 million. Andrew Wyeth’s painting called “Day Dream” made headlines. The fierce bidding war sold for $23.3 million, well above estimates of $2-3 million. Despite current collectors’ obsession with contemporary art, some of Allen’s Old Masters have reached eight spots. Botticelli’s “Madonna of the Magnificat” sold for $48 million. Visitors see a painting called “Madonna of the Magnificat” by Alessandro Filipepi called Sandro Botticelli in a photocall for the presentation (quote on request: over $40,000,000). Highlights from the legacy of philanthropist and Microsoft co-founder Paul G. Allen in London 14 October 2022. Wiktor Szymanowicz | Anadolu Agency | Getty Images
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