Christie's Paul Allen collection 1.5 Billion USD sale: uniqueness of a moment gathering so many quality art works.
Thanks Mr Allen!
Record USD 1 bio estimated auction coming up at Christie’s NY on Nov.9 featuring the fabulous Microsoft co-founder Paul Allen ‘s,(1953-2018) collection.
Covering Old Masters, Impressionism and Post War, it includes 3 wonderful pieces estimated above USD100M :
-Cezanne’s « Montagne Ste Victoire »( sold in 2001 at USD 38.5 M),
-Seurat’s « Les Poseuses, Ensemble »
-Van Gogh’s « Verger avec cyprès « .
2 pieces are estimated at more than the double of the USD 40M price P.Allen acquired them for in 2006:
Gaugin’s « Maternité » and Klimt’s « Birch Forest ».
Lucian Freud, Jasper Johns, Claude Monet, Edouard Manet works are estimated between USD50M and 75M .
Also included in the collection is a rare Boticelli Virgin expected to sell at USD 40M.
Brueghel Le jeune, Canaletto, Signac, Turner, Picasso, Dali, Paul Klee, Wassily Kandinsky, Calder, Louise Bourgeois, Giorgia O Kieffe, Sam Francis, Diego Rivera, Francis Bacon, Barbara Hepworth, David Hockney and more will illuminate this auction totalling 150 works. .
Paul Allen fully deserves the surname given to his collection auction « Visionary » as he drives us through an exceptional journey across 500 years of Art History.
Paul Allen wished the sale proceeds to be fully allocated to philantropic causes.
A rare moment showcasing high quality art.
RESULTS:
Historical record USD 1.5 Bio sale .
Five works exceeded USD 100M:
-Seurat’s « Les Poseuses, Ensemble » reached USD 149.24M
-Cezanne’s « Montagne Ste Victoire » USD 138M,
-Klimt’s « Birch Forest » USD 104.5M,
-Van Gogh’s » Verger avec Cypres » USD 117.18M,
-Gaughin’s « Maternité « USD 105.73M
A marvellous moment showcasing the incredible visionary art collecting skills across a lifetime.
Excellent picks and eclectic combination, market timing, high quality research, Paul Allen is indeed a visionary .
The below AXIOS chart based on Artnet data proves so.
Unestimated are the pleasure, the emotion, the sharing (most works were lent to museums) and the reward this collection did and will provide (sale proceeds went to charities).
Thank you Mr Allen!
