Art from Microsoft co-founder Allen’s estate will be sold for $1 billion

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NEW YORK (AP) — Some 150 works of art from the collection of Microsoft co-founder Paul G. Allen will be auctioned at Christie’s in New York this fall and are expected to fetch more than $1 billion in total, reported announced on Friday Christie’s and Allen’s estate. .

The works to be auctioned cover 500 years of art history, from Old Masters to modern art giants, Christie’s said, adding that all proceeds will go to philanthropy.

Allen, who co-founded Microsoft with childhood friend Bill Gates, died of complications from non-Hodgkin’s lymphoma in 2018. In his lifetime, he gave more than $2 billion to causes including health of the oceans, homelessness and the advancement of scientific research.

Highlights of the upcoming sale include Paul Cézanne’s ‘La Montagne Sainte-Victoire’, completed in 1890 and estimated at over $100 million, and Jasper Johns’ 1960’s ‘Small False Start’, estimated at $50 million. of dollars. Further details of the artworks up for auction have not been released.

Guillaume Cerutti, CEO of Christie’s, said in a statement: “The inspiring figure of Paul Allen, the extraordinary quality and diversity of the works, and the dedication of all proceeds to philanthropy, create a unique combination that will make sales of the Paul Allen G. Allen Collection an event of unprecedented magnitude.

Jody Allen, Allen’s sister and executor of his estate, said: “These works mean so much to so many people, and I know Christie’s will ensure their respectful dispersal to generate tremendous value for philanthropic pursuits in accordance with the wishes of Paul.”

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