Nov 10, 2022

Paul Allen: Record-breaking $1.5bn art sale for late Microsoft co-founder's collection

Paintings and sculptures owned by late Microsoft co-founder Paul Allen have been sold for a record $1.5bn. It was the largest art auction in history, according to Christie's. The auction house said works by Vincent van Gogh, Georges Seurat, Paul Gauguin, Paul Cezanne and Gustav Klimt each sold for more than $100m, breaking individual records for those artists. The proceeds from the sale will be donated to charities supported by Allen before his death in 2018. The most expensive piece of art bought was Seurat's 1888 work Les Poseuses, Ensemble, a renowned work of pointillism, which fetched $149.2m, including fees, Christie's said. Other record-breaking works included Van Gough's Orchard with Cypresses, which fetched $117.2m; Gauguin's Maternity II, which sold for $105.7m; and Klimt's Birch Forest, which went under the hammer for $104.6m. The total value of the collection has already beaten the record set earlier this year, for the Macklowe collection, collected by a wealthy New York couple - which sold for $922m.

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