Microsoft co-founder Paul Allen’s $1 billion dollar art collection will be sold off by Christies

 

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The late Microsoft co-founder Paul Allen’s art collection, which Christie’s valued at more than $1 billion, will be put up for auction, the auction house revealed on Thursday.

In 1975, Paul Allen and Bill Gates co-founded Microsoft. Allen passed away in 2018 at the age of 65. Together, they developed the PC operating system that brought the American technology juggernaut enormous profits. According to a statement from Christie’s, the sale in November of more than 150 works from 500 years of art will be “the largest and most spectacular art auction in history.” Paul Cezanne’s painting La montagne Sainte-Victoire, which has a price tag of over $100 million, will be among the items, according to the auction house.

The proceeds of the November sale, according to Christie’s auction house, would be donated to charity as requested by Mr. Allen. Botticelli, Renoir, David Hockney, and Roy Lichtenstein all have paintings in the collection. At the auction, 150 pieces of art from 500 years will be sold. Paul Cezanne’s La Montagne Sainte-Victoire, a painting by the French artist valued at more than $1oo million dollars.

The estate of the late billionaire is hosting the auction. According to Christie’s, all earnings will support philanthropic endeavors, in accordance with Allen’s desires. Allen was a devoted art collector, inventor, and philanthropist. Christie’s CEO Guillaume Cerutti said the auction would be like no other.

The BBC reports, Christie’s CEO Guillaume Cerutti said the auction would be like no other.” The inspirational figure of Paul Allen, the extraordinary quality and diversity of 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 magnitude,” he said.

Allen named his sister Jody Allen as the sole executor of his estate; he passed away from non-Hodgkin lymphoma complications. She continues to serve as chair of his investment firm, Vulcan.

Since the middle of the 1970s, Allen has been predominantly recognized as a tech pioneer. However, he also developed a reputation as a serious philanthropist and art collector, both of which he pursued in a highly covert manner. He was originally placed on the Top 200 Collectors list in 1997 and continued to be until his passing in 2018.

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