Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, August 29, 2022

Paul Allen’s $1 Billion Art Collection Heads to Auction

Paul AllenMicrosoft co-founder, Paul Allen, focused extensively on his art collection after he left the company in 1983. He amassed a collection boasting of paintings and sculptures that could top $1 billion when it heads to auction this fall.

Famous auction house, Christie’s, confirmed late last week that it had won the right to sell 150 pieces from Mr. Allen’s estate. It has been said that Mr. Allen’s collection is the most expensive art collection the auction industry has ever handled. Chritie’s is currently working on cataloging all 150 works before providing any details to the public.

Jody Allen, Mr. Allen’s sister and executor of his estate, described her brother as being “analytical and emotional” when it came to art. By the early 1990’s, Allen had earned a reputation as avid collector who sought out pieces that represented “groundbreaking” moments in artists’ careers. While it is currently unclear which pieces will be headed to auction, Allen is known to have collected works from some of the worlds most renowned artists, such as Georgia O’Keefe, Edgar Degas, Sandro Botticelli, and Paul Cézanne, to name a few. 

For more information:

See Kelly Crow “Paul Allen’s $1 Billion Art Collection Heads to Auction” The Wall Street Journal, August 25, 2022.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2022/08/paul-allens-1-billion-art-collection-heads-to-auction.html

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