Singer 500 for sale6/7/2023 (Final prices include auction-house fees presale estimates do not.) The average price of a work in the sale was $25 million, according to Christie’s. An eye-popping 15 more sold for over $20 million each. Of the 60 works on offer (one, a Magritte, was withdrawn ahead of the sale), five sold for more than $100 million each. There’s never been an auction with so many eight- and nine-figure lots. Comedian Steve Martin, megadealer Larry Gagosian, former auction rainmaker Amy Cappellazzo, and others packed into the salesroom. Heading into the evening, the mood was buzzing and expectations were sky high. And it’s not over yet: The second part of the collection, estimated at $58 million to $87 million, will be offered on November 10.Īll the proceeds will go to yet unspecified charities. It also handily surpassed the $922 million trove assembled by Harry and Linda Macklowe, making Allen’s the most valuable single-owner collection ever sold. The result smashed the previous single-evening high of $852.9 million at Christie’s at the peak of the market in 2014. Allen Collection Part I” at Christie’s achieved $1.5 billion, the highest total ever recorded in a single auction. In an unprecedented evening, “Visionary: Paul G. Masterpieces by Van Gogh, Cézanne, and Seurat soared in New York on November 9, shrugging off geopolitical turmoil, rising inflation, and fears of a recession.
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