The new date is August 26, 2022, 06:08am.
The Macklowe Collection set a record for the most expensive art sold to date in May, but the Paul Allen art collection is poised to break that record.
The Paul Allen collection will be auctioned by Christie's in November.
Christie's will hold an auction of 150 works in November this year, with the collection valued at more than $1billion.
Christie's said that the collection features works from some of the most influential names in art.
The New York Times says that works from Renoir and Botticelli will be auctioned.
The proceeds from the auction will be given to charity.
The head of the auction house said the sale is a major event for the art market.
Bill Gates and Paul Allen co- founded Microsoft in 1984.
$21 billion. Forbes estimated Allen's net worth when he died.
After being diagnosed with Hodgkin's disease, Allen left Microsoft in the early 1980s, but stayed on the board until 2000. The Museum of Pop Culture was founded in Seattle in 2000 as a result of his love of music and art. One of America's top philanthropists, he gave 10% of his wealth to causes, including education and science research, and he also bought major basketball, soccer and football teams. Allen passed away in October of last year.
According to a report out in May, sales of art increased by 30% last year to $65 billion.
The most expensive art collection sold at auction was set by the sale of real estate developer Harry Macklowe and his ex- wife Linda. Over the course of a six-month period ending in May, it sold for $922.2 million, including a painting never before exhibited in public.
According to a report, the art market passed pre-Pandemic levels in 2011.
Christie's is going to sell Paul G. Allen's art collection.
The Harry Macklowe and Linda's art collection broke a record.
Paul Allen passed away at the age of 65.
All Rights Reserved © 2024
