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☆ Long-Lost Klimt Painting Sells for $37 Million at Auction
▼ + stars: | 2024-04-24 | by ( Scott Reyburn | ) www.nytimes.com time to read: +1 min

“Portrait of Fräulein Lieser,” an enigmatic, long-lost 1917 painting by Gustav Klimt, sold Wednesday for 35 million euros with fees, or about $37 million, at the auction house im Kinsky in Vienna. The unsigned and unfinished work was estimated to sell for between $32 million and $53 million, before the addition of fees. The winning bid was tendered in the room by Patti Wong, the founder of the Hong Kong-based art advisory company, Patti Wong Associates. The result was remarkable, given that there are questions surrounding this Klimt portrait. The auction house said in its sale catalog that it had “not been able to clarify the precise provenance of the painting” since 1925, and the identity of the seller has not been revealed.

Persons: Fräulein, Gustav Klimt, Patti Wong, Wong Organizations: Patti Wong Associates Locations: Vienna, Hong Kong, Austria

☆ Klimt portrait missing for nearly a century sold for $32 million
▼ + stars: | 2024-04-24 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +4 min

CNN —A portrait by Gustav Klimt that was unseen for almost a century has sold for $32 million – the bottom end of its pre-auction estimate. The sale price was less than half that fetched by another Klimt painting – “Dame mit Fächer” (Lady with a Fan) – in London last year. The last portrait completed by Klimt became the most expensive artwork ever to sell at a European auction, when it sold for a £85.3 million ($108.4 million). However, new research by the auction house suggests Justus’ wife, Lilly, hired him to paint one of their two daughters. A cape richly decorated with flowers is draped around her shoulders,” the auction house said.

Persons: Gustav Klimt, Fräulein, ”, Klimt, Fächer ”, Lieser ”, Roland Schlager, Getty Images Brothers Adolf, Justus Lieser, Adolf, Margarethe Constance, Justus ’, Lilly, –, “, “ Adolf, Henriette Lieser, Claudia Mörth Organizations: CNN, Austrian, Getty Images Brothers, Washington, Nazi Locations: London, Vienna, Austrian, Austro, Washington, Austria, Central Europe

☆ For Sale: A Rare Klimt Portrait, Valued at $32 Million. But of Whom?
▼ + stars: | 2024-04-22 | by ( Scott Reyburn | ) www.nytimes.com time to read: 1 min

On Wednesday, an auction house in Europe will put a painting by Gustav Klimt up for sale, with a preauction estimate of at least 30 million euros (about $32 million). Whoever buys it will obtain a painting by an artist whose major works rarely come up for sale, but also a portrait whose subject, provenance and current ownership are either unknown, not public or the subject of debate. The auctioneer selling the painting is not an international heavyweight like Sotheby’s or Christie’s, but im Kinsky, a local house in Vienna whose biggest sale until now was in 2010: $6.1 million, for a painting by Egon Schiele. At a news conference in January announcing the sale of the mysterious Klimt work, Ernst Ploil, the co-chief executive of im Kinsky, said: “All is in the dark. Whenever there is an argument for something, counterarguments arise again and again.”

Persons: Gustav Klimt, Egon Schiele, Klimt, Ernst Ploil, ” Locations: Europe, Vienna

☆ Check out some of the art masterpieces in the record $300 million gift to a US university
▼ + stars: | 2024-03-16 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

An art collector donated the largest art gift ever to a US university, Seattle University said. Property developer Richard Hedreen donated a $300 million collection to the university. AdvertisementAn art collector has made the largest-ever art donation to a US university, Seattle University said in a press release earlier this week. Richard Hedreen gifted the private Jesuit university more than 200 works worth a total of $300 million to create the Seattle University Museum of Art. "My wife, Betty, attended Seattle University, and I am giving the collection to the university in her honor," Hedreen said.

Persons: Richard Hedreen, Roy Lichtenstein, —, Betty, Hedreen, Elizabeth, Seattle University Hedreen, Rashid Johnson seascape, Andy Warhol, Willem de Kooning, Lucien Freud, Dick, Betty Hedreen, Patrick J, Callans, Eduardo Peñalver, Giovanni TOSCANI, Amy Sherald, Pablo Picasso's, Gustav Klimt's, Fächer Organizations: Seattle University, Service, Jesuit, Seattle University Museum of Art, Roy Lichtenstein Seattle University, Trustees, Giovanni TOSCANI Seattle, Seattle University's Jesuit, Financial Times, Amy Sherald Seattle University Locations: Seattle

☆ Russian billionaire loses Sotheby’s art fraud lawsuit involving ‘Salvator Mundi’
▼ + stars: | 2024-01-31 | by ( Oscar Holland | Reuters | ) edition.cnn.com time to read: +4 min

Among them was the “Salvator Mundi,” which Bouvier bought for $80 million before quickly selling it on to his then-client for $127.5 million. Speaking to CNN in 2021, Bouvier maintained that he had acted as a dealer, not an art adviser, and was thus entitled to mark up prices. The Russian billionaire lost his lawsuit against auction house Sotheby's yesterday. Jeenah Moon/Bloomberg/Getty ImagesThe case has been among the highest-profile art fraud disputes in recent years, offering a view into an often-secretive industry where wealthy buyers sometimes don’t know who they are buying from. Rybolovlev was allowed to sue over “Salvator Mundi” even though his ownership had proven unusually profitable.

Persons: oligarch Dmitry Rybolovlev, Rybolovlev, Sotheby’s, Yves Bouvier, “ Salvator Mundi, Leonardo da Vinci, Bouvier, Salvator Mundi, Dmitry Rybolovlev, Daniel Kornstein, Sotheby’s “, ” Sotheby’s, Jesse Furman, Leonardo, Gustav Klimt, Rene Magritte, Amedeo Modigliani, Furman, Pablo Picasso, Auguste Rodin, Henri de Toulouse, Lautrec, ” Organizations: CNN, Forbes, AS Monaco soccer, Bloomberg, Getty Locations: Swiss, New York, Russian, Switzerland, Singapore, Monaco, Hong Kong, Manhattan

☆ Sotheby's Defeats Russian Oligarch in Art Fraud Case
▼ + stars: | 2024-01-30 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Daniel Kornstein, a lawyer for Rybolovlev, said the case "achieved our goal of shining a light on the lack of transparency that plagues the art market. Furman dismissed fraud-based claims over the other 11 works, including art from Pablo Picasso, Auguste Rodin and Henri de Toulouse-Lautrec. Rybolovlev was allowed to sue over "Salvator Mundi" even though his ownership had proven unusually profitable. Rybolovlev went on to sell "Salvator Mundi" at Christie's in 2017 for $450.3 million, a record price for an artwork at auction. The case is Accent Delight International Ltd et al v Sotheby's et al, U.S. District Court, Southern District of New York, No.

Persons: oligarch Dmitry Rybolovlev, Rybolovlev, Sotheby's, Yves Bouvier, Salvator Mundi, Leonardo da Vinci, Bouvier, Daniel Kornstein, Jesse Furman, Gustav Klimt, Rene Magritte, Amedeo Modigliani, Furman, Pablo Picasso, Auguste Rodin, Henri de Toulouse, Lautrec, Jonathan Stempel, Bill Berkrot Organizations: YORK, Forbes, AS Monaco soccer, Court, Southern District of Locations: Swiss, Manhattan, U.S, Christie's, Southern District, Southern District of New York, New York

☆ Klimt portrait missing for nearly a century could sell for $54 million
▼ + stars: | 2024-01-26 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +5 min

CNN —A portrait by Gustav Klimt that was unseen for almost a century is expected to fetch millions when it goes up for auction this spring. However, new research by the auction house suggests Justus’ wife, Lilly, hired him to paint one of their two daughters. A cape richly decorated with flowers is draped around her shoulders,” the auction house said. Its exact fate after 1925 is “unclear,” according to the auction house. The last portrait completed by Klimt became the most expensive artwork ever to sell at a European auction, when it fetched a staggering £85.3 million ($108.4 million) in London last year.

Persons: Gustav Klimt, Fräulein, ”, Roland Schlager, Klimt, Adolf, Justus Lieser, Margarethe Constance, Justus ’, Lilly, “, “ Adolf, Henriette Lieser, Claudia Mörth, Fächer ”, Paul G, Allen Organizations: CNN, Austrian, Getty, Washington, Nazi, Microsoft Locations: Vienna, Austrian, Austro, Washington, Austria, Central Europe, Switzerland, Germany, Britain, Hong Kong, London, Birch, ”

☆ A Gustav Klimt painting valued at up to $54 million was rediscovered after being missing for nearly a century
▼ + stars: | 2024-01-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Gustav Klimt's painting "Portrait of Fräulein Lieser" was rediscovered after nearly 100 years. The painting is set to be auctioned in April and is valued at up to $54 million. AdvertisementA long-lost painting by the Austrian modernist Gustav Klimt has been rediscovered after nearly a century. Related storiesAfter being exhibited globally, the portrait will be auctioned in Vienna in April, with an estimated value of up to €50 million, or around $54 million, the auction house said. According to the auction house, the painting appears to have been acquired by "a legal predecessor of the consignor in the 1960s and passed to the current owner in three inheritances."

Persons: Gustav Klimt's, —, Gustav Klimt, Klimt, It's, Adolf, Henriette Lieser, Klimt's Organizations: Service, Observer, Washington, Nazi Locations: Austrian, Vienna, Austria, Europe

☆ Israel's museums enact war protocol to protect most precious treasures
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

These and other treasures were quickly taken off display and brought to special bunkers to ensure they are not damaged during the war. But this is a different situation so we have to act accordingly," said Hagit Maoz, curator of the Shrine of the Book at Jerusalem's Israel Museum. The last time the museum removed the display, Maoz said, was during the 1991 Gulf War when Iraq fired missiles at Israel. The Tel Aviv Museum of Art took similar precautions. "These works of art have experienced war, some of them survived World War Two," said museum director Tania Coen-Uzzielli.

Persons: Tania Coen, Friederike Maria Beer, Gustav Klimt, Hagit Maoz, Maoz, Gustav Kimt's, Friedericke Maria Beer, Ari Rabinovitch, Rami Amichay, Alex Richardson Organizations: Uzzielli, Tel Aviv Museum of Art, Hamas, Jerusalem's Israel Museum, British Museum, The Tel Aviv Museum of Art, Thomson Locations: JERUSALEM, TEL AVIV, Israel, Austrian, Iraq, Gaza, Nurith Goshen, Jerusalem, Goshen, The

☆ Gustav Klimt’s Mysterious and Last Portrait Breaks Record With $108.4 Million Sale
▼ + stars: | 2023-06-28 | by ( Kelly Crow | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gustav-klimt-lady-fan-sale-9187e6ec

Persons: Dow Jones, gustav, klimt

☆ Gustav Klimt’s Mysterious Nude Portrait Breaks Record with $108.4 Million Sale
▼ + stars: | 2023-06-27 | by ( Kelly Crow | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, gustav, klimt

☆ Klimt’s ‘Lady With a Fan’ Brings $108.4 Million, Auction Record for the Artist
▼ + stars: | 2023-06-27 | by ( Scott Reyburn | ) www.nytimes.com time to read: +1 min

Post-Brexit London regained some credibility as the capital of Europe’s high-value art market on Tuesday when a radiant portrait by Gustav Klimt, “Lady With a Fan,” sold at Sotheby’s for 85.3 million pounds with fees, or about $108.4 million. The price was an auction high for the renowned Austrian artist and was the highest for a public sale in Europe, beating Alberto Giacometti’s “Walking Man I,” which sold for $104.3 million in 2010, also at Sotheby’s in London. The audience erupted into the sort of thunderous applause that hasn’t been heard at a London auction for some years. “The price was within our expectations,” said Wong, the former chair of Sotheby’s Asia, who added that she was buying for a Hong Kong collector. The final price topped Klimt’s previous auction high of $104.6 million, given in November for the 1903 landscape “Birch Forest,” at Christie’s, in New York.

Persons: Gustav Klimt, ”, Alberto Giacometti’s “, Patti Wong, hasn’t, Wong Locations: Europe’s, Austrian, Europe, Sotheby’s, London, Hong Kong, Asia, Birch, ”, Christie’s, New York

LONDON, June 27 (Reuters) - A portrait of an unnamed woman by Austrian artist Gustav Klimt sold for 85.3 million pounds ($108.4 million) on Tuesday, setting a new record price for any work of art sold at an auction in Europe, London-based auction house Sotheby's said. The fall of the hammer at 74 million pounds broke the tension, triggering a collective exhalation in the room and a round of applause. The painting sold to a Hong Kong-based art advisory firm, bidding on behalf of a collector based there. It is now the most expensive Klimt artwork sold at auction anywhere in the world. It was last offered for sale nearly 30 years ago, when it was acquired by the family of the present owner for $11.6 million, according to the auction house.

Persons: Gustav Klimt, Sotheby's, Helena Newman, Newman, Claude Monet's, Alberto Giacometti's, Farouq Suleiman, Marie, Louise Gumuchian, Rosalba O'Brien Organizations: Thomson Locations: Austrian, Europe, London, Hong Kong

☆ Klimt portrait 'Lady with a Fan' headed to auction with $80 million price tag
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 23 (Reuters) - The last-ever portrait Austrian artist Gustav Klimt painted before he died is headed for auction next week, with a price estimate of $80 million. "Dame mit Fächer" ("Lady with a Fan") - a portrait of an unnamed woman - was still on an easel in Klimt's studio when the painter died in February 1918. It leads Sotheby's Modern & Contemporary Evening Auction on June 27 in London, with a price estimate of around 65 million pounds ($80 million). That price tag makes it "the most valuable ever to have been offered at auction in Europe," according to Sotheby's. "It’s very rare for a Klimt painting of this quality and caliber of a portrait of a woman to come to auction."

Persons: Gustav Klimt, Klimt, Helena Newman, Lucian Freud’s, Penelope Cuthbertson, Leonor Fini, Alberto Giacometti, Buste, Diego, Will Russell, Marie, Louise Gumuchian, Matthew Lewis Organizations: Sotheby’s, Reuters, Thomson Locations: London, Europe, Asia, Sotheby’s Europe

☆ Klimt’s ‘last masterpiece’ sells for record-breaking $108.4 million
▼ + stars: | 2023-06-14 | by ( Oscar Holland | Jacquelyn Palumbo | ) edition.cnn.com time to read: +5 min

“Dame mit Fächer” was one of two paintings found at the Austrian artist’s studio upon his death in 1918, according to Sotheby’s. A work the artist had started a year prior, in 1917, “Dame mit Fächer” is rendered in Klimt’s characteristically rich, expressive style. "Dame mit Fächer" (right) pictured in Klimt's Vienna studio in 1918. "Dame mit Fächer" became Klimt's highest-selling artwork at auction. Klimt’s “Portrait of Adele Bloch-Bauer I” was meanwhile bought by US businessman Ronald Lauder for a reported $135 million in 2006.

Persons: Gustav Klimt, Fächer ”, Klimt, Paul G, Allen, “, —, Sotheby’s, Thomas Boyd Bowman, ”, De Agostini, Helena Newman, Newman, Erwin Böhle, Rudolf Leopold, Dmitry Rybolovlev, Yves Bouvier, Adele Bloch, Bauer, Ronald Lauder, Oprah Winfrey, Alberto Giacometti, Edvard Munch Organizations: CNN, Microsoft, Austrian, De Agostini Editorial, Financial Times, Bloomberg, UBS, Art Locations: London, Birch, Hong Kong, Klimt's Vienna, Viennese, Sotheby’s, Austrian, Covid

☆ Klimt’s ‘last masterpiece’ poised to fetch $80 million at Sotheby’s auction
▼ + stars: | 2023-06-14 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

Depicting an unidentified female subject, “Dame mit Fächer” (Lady with a Fan) was one of two paintings found at the Austrian artist’s studio upon his death in 1918, according to Sotheby’s auction house. Started in 1917, “Dame mit Fächer” is rendered in Klimt’s characteristically rich, expressive style. Sotheby's said it expects the painting the fetch "in the region of" $80 million when it goes under the hammer this month. Klimt’s “Portrait of Adele Bloch-Bauer I” was meanwhile bought by US businessman Ronald Lauder for a reported $135 million in 2006. “Dame mit Fächer” is the star lot in Sotheby’s modern and contemporary art summer auction, which takes place on June 27.

Persons: Gustav Klimt, Fächer ”, Sotheby’s, Thomas Boyd Bowman, ”, “, —, De Agostini, Klimt, Helena Newman, Newman, Erwin Böhle, Rudolf Leopold, Sotheby's, Paul G, Allen, Dmitry Rybolovlev, Yves Bouvier, Adele Bloch, Bauer, Ronald Lauder, Oprah Winfrey, Alberto Giacometti, Edvard Munch Organizations: CNN, Austrian, De Agostini Editorial, “, Microsoft, Financial Times, Bloomberg, UBS, Art Locations: London, Klimt's Vienna, Viennese, Sotheby’s, Austrian, “ Birch, Covid

☆ Vienna 'few degrees' exhibit tilts paintings to call for climate action
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

VIENNA, March 22 (Reuters) - A Vienna museum where climate activists recently attacked the glass screen shielding a Gustav Klimt painting has responded with an exhibit entitled 'A Few Degrees More' that tilts works to draw attention to the need for action on climate change. [1/5] A visitor of the Leopold museum looks at the painting " A boy at the spring " by Albin Egger Lienz after the museum tilted 15 of its paintings in protest of climate change in Vienna, Austria, March 22, 2023. REUTERS/Leonhard Foeger 1 2 3 4 5It involves hanging 15 works by artists including Klimt and fellow Austrian great Egon Schiele at an angle, with texts calling attention to the effect that global warming of more than 1.5 degrees Celsius (2.7 Fahrenheit) from pre-industrial levels would have on the landscapes depicted in them. According to the United Nations' Intergovernmental Panel on Climate Change (IPCC), emissions must be halved by the mid-2030s if the world is to have any chance of limiting the temperature rise to 1.5 degrees Celsius above pre-industrial levels - a key target enshrined in the 2015 Paris Agreement. Reporting by Leonhard Foeger Writing by Francois Murphy Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Climate protesters hurl paint at Milan's La Scala opera house
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

MILAN, Dec 7 (Reuters) - Climate-change activists in Italy on Wednesday threw paint at the entrance of Milan's famed La Scala opera house ahead of the opening performance of the season, local police said. Activists have staged high profile protests across Europe in recent months, sometimes targeting museums and art works in calling for tougher action to tackle global warming. Police said they had detained five people following the incident at La Scala, while cleaners swiftly removed the paint from the entrance of the theatre. La Scala will open its 2022-23 season on Wednesday, one of the highlights of the Italian cultural calendar, with a performance of the Russian opera "Boris Godunov" composed by Modest Mussorgsky. Reporting by Sara Rossi and Fabiano Franchitti; Writing by Gianluca Semeraro; Editing by Gavin Jones and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Bob Marley immersive experience to land in US next year
▼ + stars: | 2022-11-30 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

A massive immersive experience celebrating Bob Marley is heading for its U.S. premiere early next year, complete with photographs, lots of music and even a pair of the reggae giant’s footwear. The multi-room exhibit “Bob Marley: One Love Experience” will open in Los Angeles on Jan. 27 at Ovation Hollywood, following runs in London and Toronto. The 15,000-square foot (1,393-square meter) experience includes previously unseen photographs, concert videos, lyric sheets, rare memorabilia like guitars, a soccer jersey, sneakers and art that highlight Marley’s influence. “After being in London and Toronto, it’s going to be amazing bringing the experience here to the U.S. for the first time and just steps from Daddy’s star on the Hollywood Walk of Fame,” Cedella Marley, CEO of Bob Marley Group, said in a statement. The exhibit is produced by the Marley Family and Terrapin Station Entertainment.

Many in the art and insurance world, however, say it may be only be a matter of time before art works are vandalised, especially if protests spread beyond climate activism. The art insurance market globally earns around $750 million in premiums. PRESSURE ON PREMIUMSLosses and levels of insurance availability tend to dictate insurance premiums. Commercial museums and galleries, however, buy art insurance, and its use is also more prevalent among larger museums in the United States than in Europe. While five insurers contacted by Reuters said they were not yet factoring climate attacks into premiums, some artists say they already face increased costs.

☆ Climate activists throw liquid at Klimt painting in Vienna
▼ + stars: | 2022-11-16 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

BERLIN — Climate activists in Austria on Tuesday attacked a famous painting by artist Gustav Klimt with a black, oily liquid and one then glued himself to glass protecting the painting’s frame. Members of the group Last Generation Austria tweeted they had targeted the 1915 painting “Death and Life” at the Leopold Museum in Vienna to protest their government’s use of fossil energies. After the attack, police arrived at the museum and the black liquid was quickly cleaned off the glass protecting the painting, Austria Press Agency reported. It’s one of the latest pieces of art to be targeted by climate activists to draw attention to global warming. Just Stop Oil activists also glued themselves to the frame of an early copy of Leonardo da Vinci’s “The Last Supper” at London’s Royal Academy of Arts, and to John Constable’s “The Hay Wain” in the National Gallery.

☆ Climate activists attack glass screen protecting Klimt painting in Vienna
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

[1/4] Gustav Klimt's painting "Tod und Leben" is seen after activists of Last Generation Austria (Letzte Generation Oesterreich) spilled oil on it in Leopold museum in Vienna, Austria, November 15, 2022. Letzte Generation Oesterreich/Handout via REUTERSVIENNA, Nov 15 (Reuters) - Climate-change activists on Tuesday smeared and glued one of their hands to a glass screen protecting a Gustav Klimt painting in a Vienna museum to protest against oil drilling, on a day when entry was free thanks to an oil firm's sponsorship. One of Last Generation Austria's tweets said: "New drilling for oil and gas is a death sentence for humanity." Nonetheless we are shocked that the Leopold Museum was in focus here," the museum's museological director, Hans-Peter Wipplinger, told a news conference. While the museum sympathised with the activists' cause, it disagreed with the means employed, Wipplinger said.

☆ Climate activists throw black, oily liquid at Klimt painting in Vienna
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: +3 min

Gustav Klimt's painting "Tod und Leben" is seen after activists of Last Generation Austria (Letzte Generation Oesterreich) spilled oil on it in Leopold museum in Vienna, Austria, November 15, 2022. Climate activists in Austria on Tuesday attacked a famous painting by artist Gustav Klimt with a black, oily liquid and one then glued himself to glass protecting the painting's frame. After the attack, police arrived at the museum and the black liquid was quickly cleaned off the glass protecting the painting, Austria Press Agency reported. It's one of the latest pieces of art to be targeted by climate activists to draw attention to global warming. The British group Just Stop Oil threw tomato soup at Vincent van Gogh's "Sunflowers" in London's National Gallery last month.

☆ Microsoft co-founder Paul Allen's art collection tops $1.5 billion at auction
▼ + stars: | 2022-11-10 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Christie's sold 60 works from the Paul G. Allen Collection for over $1.5 billion Wednesday night, as wealthy collectors around the world shrugged off economic and crypto worries to invest in trophy artworks. Several works sold for three or four times their estimates, with several artists setting new records at auction, including Vincent van Gogh, Edward Steichen and Gustav Klimt. The sales total of $1.506 billion shattered the previous record for the most expensive collection ever auctioned, set by the Harry and Linda Macklowe collection auctioned at Sotheby's for $922 million. The sales total for the Allen collection will soar even higher Thursday morning, when another 95 lots head to auction. The collection of Paul Allen, the late co-founder of Microsoft, was a treasure trove of masterpieces spanning 500 years.

☆ Paul Allen's art collection hauls in record $1.5 bln at auction
▼ + stars: | 2022-11-10 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

The total represented the highest amount ever collected at a single art auction, according to the auction house, Christie's in New York. Among the priciest works sold was Pointillist pioneer Georges Seurat's Les Poseuses, Ensemble (Petite version), an 1888 oil on canvas depicting three nude women. Cezanne's "La Montagne Sainte-Victoire", a colorful landscape painted from 1888-1890, sold for $137.8 million, another record. And a Gustav Klimt 1903 painting, "Birch Forest," set the high mark for a Klimt work, selling for $104.6 million. Additional pieces from Allen's collection will be offered at auction on Thursday.

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