Auction house Christie’s is set to sell a huge art collection belonging to the late Microsoft co-founder Paul Allen for over two days at Rockefeller Center in New York, USA.
The private art collection, titled Visionary: The Paul G. Allen Collection, is valued at over $1 billion (RM4.7 billion) and will go under the hammer on November 9-10, 2022.
According to the auction house, this is “the largest and most exceptional art auction in history”. If it realizes its expected value, the auction will eclipse the $922 million (RM4.4 billion) sale of the Macklowe collection in May 2022.
Details about Visionary: The Paul G. Allen Collection
More than 150 works by the world’s greatest masters
The Paul Allen art collection for sale contains over 150 masterpieces. These include Gustav Klimt’s work from 1903 birch forestLandscape by Paul Cézanne The Sainte-Victoire Mountain and Georges Seurat The Poseuses, Together (small version).
Among the other artists whose works are part of Visionary: The Paul G. Allen Collection are Monet, Vincent van Gogh, Pablo Picasso, Renoir, Roy Lichtenstein, Lucian Freud, Botticelli, JMW Turner and Francis Bacon. The collection covers 500 years of art history.
Records expected for certain works
According Forbesat least three works — The Sainte-Victoire Mountain, The Poseuses, Together (small version) and Van Gogh Orchard with cypress — are expected to gross over $100 million each.
“Many of the works in the collection should be records for the artist. Many of them were in fact records for the artist at the time they were purchased by Paul Allen at previous auctions, the Freud being one of them,” Christie Vice President Johanna Flaum said as quoted by Reuters.
“We are expecting records for Seurat, Cézanne, many masterpieces in the collection,” Flaum said.
Proceeds will go to charity
Christie’s said that, in accordance with Allen’s wishes, “the estate will devote all profits to philanthropy.”
Allen, who co-founded Microsoft Corp with Bill Gates, was one of the richest people in the world until his death in 2018 at the age of 65 due to complications from non-Hodgkin’s lymphoma.
He was known for his philanthropic activities and concern for the environment. During his lifetime, Allen is said to have donated more than $2.5 billion for endangered species protection, ocean exploration, and biosciences.
Philanthropic works are carried out by the Paul G Allen Family Foundation. According The Guardianit invests primarily in Pacific Northwest communities with a particular focus on the environment, regional arts and underserved populations.
Learn more about the auction here.
(Main and featured images: Christie’s)