The auction of art from the estate of Microsoft co-founder Paul Allen could raise £842million

Some 150 artworks from Microsoft co-founder Paul Allen’s collection will be auctioned at Christie’s in New York this autumn and are expected to fetch more than $1 billion (£842 million) in total, Christie’s and Mr. Allen’s estate said.

The works to be auctioned span 500 years of art history from old masters to the giants of modern art, Christie’s said, adding that all proceeds will go to charity.

Mr. Allen, who co-founded Microsoft with childhood friend Bill Gates, died in 2018 of complications from non-Hodgkin’s lymphoma.

During his lifetime he has donated more than $2 billion (£1.68 billion) to causes such as ocean health, homelessness and the advancement of scientific research.

The inspirational figure of Paul Allen, the exceptional quality and variety of the works, and the dedication of all proceeds to philanthropy create a unique combination that will make the sale of the Paul G Allen Collection an event of unprecedented magnitudeGuillaume Cerutti, Christies

Highlights of the forthcoming sale include Paul Cezanne’s La Montagne Sainte-Victoire, completed in 1890 and estimated at more than $100 million (£84 million), and Jasper Johns’ 1960 Small False Start, estimated at $50 million (£ 42 million).

Further details about the artworks to be auctioned were not disclosed.

Guillaume Cerutti, Chief Executive of Christie, said in a statement: “The inspirational figure of Paul Allen, the exceptional quality and variety of the works and the dedication of all proceeds to philanthropy create a unique combination that makes the sale of the Paul G Allen Collection a… Event of unprecedented proportions.”

Jody Allen, Mr. Allen’s sister and custodian of his estate, said: “These works mean so much to so many and I know Christie’s will ensure they are distributed respectfully to bring tremendous value to philanthropic activities in accordance with to create Paul’s desires.”

https://www.independent.ie/world-news/auction-of-art-from-microsoft-co-founder-paul-allens-estate-could-raise-842m-41940154.html The auction of art from the estate of Microsoft co-founder Paul Allen could raise £842million

Fry Electronics Team

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