Right here Are The ten Largest U.S. Billionaire Artwork Purchases. Will Paul Allen’s Assortment Make The Listing?


Late billionaire Microsoft cofounder Paul Allen’s artwork assortment is estimated to fetch 10 figures when it goes to public sale at Christie’s over two days on Wednesday and Thursday, and can embrace a nineteenth century impressionist portray anticipated to herald greater than $100 million—however that will nonetheless be lower than what these 10 work bought for, the biggest artwork purchases by U.S billionaires ever.

Key Details

1. and a couple of. Citadel founder Ken Griffin paid $300 million for “Interchange” by Willem de Kooning in 2016, in keeping with CNN, reportedly buying the portray from fellow billionaire David Geffen, together with a $200 million Jackson Pollock portray, “Quantity 17A” (The work, accounting for inflation, could be value roughly $375.5 million and $250 million in the present day, respectively).

3. Griffin additionally reportedly bought “Orange Marilyn,” considered one of Andy Warhol’s portraits of Marilyn Monroe, in a 2017 non-public sale for about $200 million from the gathering of late publishing billionaire S.I. Newhouse Jr., in keeping with the New York Instances (Warhol’s portrait of Monroe could be value about $242 million in the present day).

4., 5. and 6. Hedge fund billionaire Steven Cohen bought “Girl III” by de Kooning for $137.5 million in a personal sale in 2006, in keeping with the New York Times, and likewise took residence Roy Lichenstein’s “Masterpiece” for $165 million in 2017 and “Le Rêve” by Pablo Picasso for $155 million in 2013, the newspaper reported (The de Kooning could be value $242 million in the present day, the Lichenstein practically $200 million and the Picasso $213.7 million).

7. Elaine Wynn, the ex-wife of lodge magnate Steve Wynn, bought “Three Research of Lucian Freud” triptych by Francis Bacon for $142.4 million in 2013, which on the time was the costliest piece of artwork ever bought at public sale in keeping with the New York Times (the triptych would value $171.9 million in 2022).

8. Cohen additionally bought “Flag” by Jasper Johns for round $110.0 million in a 2010 non-public sale, in keeping with The New York Instances (value about $163.6 million now).

9. Apollo World Administration cofounder Leon Black spent nearly $120 million on considered one of Edvard Munch’s “The Scream” pastels in 2012, which additionally set an public sale file, in keeping with the Wall Road Journal ($155 million in the present day).

10. In 2006, cosmetics mogul Ronald Lauder bought Gustav Klimt’s “Portrait of Adele Bloch-Bauer I” for the Neue Galerie, the museum he co-founded in 2001, for a reported $135 million in keeping with the New York Instances ($154.8 million in the present day).


Artwork vendor Larry Gagosian bought a portrait of Monroe from the identical sequence as “Orange Marilyn” for $195 million in Might, which made it the most expensive work by an American artist ever bought at public sale. It’s nonetheless unconfirmed if Gagosian bought the record-breaking portray for himself or considered one of his billionaire clients, which embrace most of the collectors on this record.

Key Background

In August, Christie’s public sale home introduced it might promote the artwork assortment that belonged to Allen, who died in 2018. The 150 works are anticipated to fetch in excess of $1 billion, which might make the gathering essentially the most invaluable single-owner grouping to ever promote at public sale. Allen’s assortment–which was shrouded in secrecy throughout his lifetime–spans 500 years of artwork historical past and consists of artwork from among the world’s most acclaimed artists, like Sandro Botticelli, Vincent Van Gogh, Pablo Picasso, Georgia O’Keefe and David Hockney. The works up for public sale embrace Georges Seurat’s “Les Poseuses, Ensemble (Petite version)” from 1888 that’s estimated at greater than $100 million, and “Birch Forest” by Gustav Klimt, valued at greater than $90 million. The gathering will probably be auctioned off in New York over two evenings in November.

Large Quantity

$922.2 million. That’s the file for essentially the most invaluable artwork assortment bought at public sale, simply set in Might when art work collected by Manhattan actual property mogul Harry Macklowe and his former spouse Linda all through their six-decade marriage bought for a collective $922.2 million over two auctions. The 2 cut up the proceeds. The most costly art work bought from the gathering was Mark Rothko’s “No. 7,” which fetched $82.5 million, the second-highest worth ever fetched by a bit from the artist at public sale.

Additional Studying

Billion-Dollar Art Collection Of Microsoft Cofounder Paul Allen Going On Sale—It Could Be The Biggest Art Auction Ever (Forbes)

Real Estate Mogul Harry Macklowe And Ex-Wife Linda’s Art Collection Fetches Record-Breaking $922.2 Million (Forbes)

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