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.

Continue reading

Tracey Emin sells new painting for £2.3 million to fund art studio

Tracey Emin’s new, searingly personal painting has sold for a whopping £1.9 million (£2.3 million with fees) at Christie’s, four times over its low estimate. The renowned artist will use the money to support her artists’ studio complex in Margate. “It’s amazing. It’s going to make a massive difference,” marvelled Emin. “The support for what I’m doing in Margate is phenomenal.”

Continue reading