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Most Expensive Art Auction Ever: Paul Allen’s Collection Fetches Record $1 Billion

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Art amassed by late Microsoft cofounder Paul Allen brought in more than $1 billion at Christie’s Wednesday evening, setting the record for the most valuable single-owner art collection ever sold at auction, only halfway through the first night of the two-day sale–here’s which pieces have fetched the most.

Key Facts

Les Poseuses, Ensemble (Petite version)” by Georges Seurat was the most valuable artwork sold during the sale so far, fetching $149.24 million including fees, nearly five times higher than the 19th-century artist’s previous auction record.

Paul Cézanne’s “La Montagne Sainte-Victoire” sold for $137.8 million, nearly doubling the artist’s auction record.

Verger avec cyprès” by Vincent Van Gogh also broke the artist’s previous record, selling for $117.2 million.

Maternité II” by Paul Gauguin realized $105.7 million, just over three times the previous record for the most valuable work by Gaugin to sell at auction.

Birch Forest” by Gustav Klimt fetched $104.6 million and broke the artist’s previous auction record, the $59 million his “Bauerngarten” fetched in 2017.

What To Watch For

Another 95 artworks from Allen’s collection will go to auction on Thursday during a day sale. The pieces on sale are estimated to fetch lower prices than those that sold Wednesday, with the most expensive–a sculpture by Claes Oldenburg, “Typewriter Eraser, Scale X”— expected to sell for as much as $7 million.

Big Number

$922.2 million. That was the previous record for the most valuable art collection sold at auction. It was set just six months ago in May when Manhattan real estate mogul Harry Macklowe and his former wife Linda sold their art collection after their high-profile divorce.

Surprising Fact

At least 13 artists’ auction records were broken Wednesday night alone. Artwork by Seurat, Gauguin, Cézanne, Klimt, Van Gogh, Jasper Johns, Henri-Edmond Cross, Henri Le Sidaner, Paul Signac, Andrew Wyeth, Edward Steichen, Lucian Freud and Jan Breughel the Younger reached fetched higher prices than at any other auction.

Forbes Valuation

We estimated Allen was worth $20.3 billion in 2018, the year he died. He cofounded Microsoft in 1975 with his childhood friend Bill Gates. After his death, responsibility for his foundation went to his sister, Jody, who has been gradually selling off his estate.

Key Background

Allen didn’t start collecting art until the early 1990s, after he visited the Tate Modern in London and realized he too could own world-class artwork, according to Deborah Gunn, who was associate director of art finance at Vulcan, Allen’s investment management company. Allen’s taste was varied and his collection spans more than 500 years of art history, from Botticelli to McArthur Binion. He was particularly drawn to pointillism and Jasper Johns’ “numbers” series, which he said reminded him of coding. Allen also enjoyed landscapes and scenes of Venice, of which the auction includes eight.

What We Don’t Know

The full size of the art collection Allen put together during his lifetime. A notoriously secretive collector, Allen did not publicize his art when he was alive, and even this auction of more than 150 pieces isn’t the full picture, according to Christie’s. Allen owned artwork that would be worth an additional $500 million, an investigation from Artnet found.

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40 Random Bits of Trivia About Artists and the Artsy Art That They Articulate – Cracked.com

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40 Random Bits of Trivia About Artists and the Artsy Art That They Articulate  Cracked.com

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John Little, whose paintings showed the raw side of Montreal, dies at 96 – CBC.ca

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John Little, whose paintings showed the raw side of Montreal, dies at 96  CBC.ca

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A misspelled memorial to the Brontë sisters gets its dots back at last

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LONDON (AP) — With a few daubs of a paintbrush, the Brontë sisters have got their dots back.

More than eight decades after it was installed, a memorial to the three 19th-century sibling novelists in London’s Westminster Abbey was amended Thursday to restore the diaereses – the two dots over the e in their surname.

The dots — which indicate that the name is pronounced “brontay” rather than “bront” — were omitted when the stone tablet commemorating Charlotte, Emily and Anne was erected in the abbey’s Poets’ Corner in October 1939, just after the outbreak of World War II.

They were restored after Brontë historian Sharon Wright, editor of the Brontë Society Gazette, raised the issue with Dean of Westminster David Hoyle. The abbey asked its stonemason to tap in the dots and its conservator to paint them.

“There’s no paper record for anyone complaining about this or mentioning this, so I just wanted to put it right, really,” Wright said. “These three Yorkshire women deserve their place here, but they also deserve to have their name spelled correctly.”

It’s believed the writers’ Irish father Patrick changed the spelling of his surname from Brunty or Prunty when he went to university in England.

Raised on the wild Yorkshire moors, all three sisters died before they were 40, leaving enduring novels including Charlotte’s “Jane Eyre,” Emily’s “Wuthering Heights” and Anne’s “The Tenant of Wildfell Hall.”

Rebecca Yorke, director of the Brontë Society, welcomed the restoration.

“As the Brontës and their work are loved and respected all over the world, it’s entirely appropriate that their name is spelled correctly on their memorial,” she said.

The Canadian Press. All rights reserved.

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