Microsoft co-founder Paul Allen's art collection tops $1.5 billion at auction

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Microsoft co-founder Paul Allen's art collection tops $1.5 billion at auction
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The collection of Paul Allen, the late co-founder of Microsoft, was a treasure trove of masterpieces spanning 500 years.

All of the proceeds will go to charity, since Allen signed the Giving Pledge promising to leave at least half of his fortune to charity.

Paul Cezanne's "La Montagne Sainte-Victoire" is auctioned from Paul Allen's collection at Christie's in New York on Nov. 9, 2022.Paul Cezanne's "La Montagne Sainte-Victoire" sold for $137.8 million. Vincent van Gogh's "Verger avec Cypres," sold for $117 million and set a new record for van Gogh at auction, last set in 1990. Paul Gaugin's "Maternite II" sold for $105.7 million.

Bidding was strong across the globe, with Christie's specialists bidding on the phone on behalf of clients in Asia, the Middle East, Europe and the U.S. Several works sold for multiples of their estimates. A famous photo by Edward Steichen of New York's Flatiron building sold for $11.8 million, making it the second-most expensive photograph ever sold and smashing the $2 million to $3 million estimate.

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