Paul Allen’s masterpiece collection sells for record-breaking $1.6 billion (£1.34 million) at Christie’s

Paul Allen’s (1953-2018) spectacular collection has achieved an unprecedented $1.6 billion (£1.34 million) over two sales at Christie’s, becoming the most valuable private collection of all time. The first sale alone of 60 works fetched £1.5 billion (£1.26 billion) – the highest total ever recorded at a single auction. Allen’s estate will donate all proceeds from the landmark sales to philanthropic causes.

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Old paintings

“Exceptional” group of paintings from the collection of Willem de Kooning’s family to go under the hammer

Three paintings from the collection of the family of Willem de Kooning will appear at auction for the first time and are expected to sell for a total of $50 million. Produced between 1969 and 1987, Sotheby’s have described the upcoming selection of paintings as “one of the most exceptional groups of paintings by Willem de Kooning to ever appear on the market”.

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Most valuable ever art collection sells at Sotheby’s for $922.2 million (£741.9 million)

Since 2016, billionaire real estate tycoon Harry Macklowe and his ex-wife Linda Burg have feuded in court over assets during their contentious divorce proceedings. Disagreeing on the value of their impressive art collection, the couple were ordered to sell off the coveted trove. Sotheby’s have now auctioned all 65 artworks for a staggering $922.2 million (£741.9 million) in total, making it the most valuable private collection ever sold at auction.

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Botticelli just makes anticipated amount at Sotheby’s auction, whilst other old masters exceed expectations

Last week saw Sotheby’s sale of old master paintings bringing in a staggering total of $91 million (with buyer’s fees). Despite this being a considerable sum, it is in fact lower than the equivalent sale last year at Sotheby’s, which made $114.5 million. The auction included the much anticipated sale of Sandro Botticelli’s The Man of Sorrows (circa 1500) which, it was revealed earlier this month through the use of technical analysis, has a hidden composition of a Madonna and Child underneath.

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