Here Are The 10 Biggest U.S. Billionaire Art Purchases. Will Paul Allens Collection Make The List?

Here Are The 10 Biggest U.S. Billionaire Art Purchases. Will Paul Allens Collection Make The List?

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Billionaire former Microsoft co-founder Paul Allen's art collection will fetch ten figures at a two-day auction Wednesday and Thursday at Christie's, with works from the 19th century expected to fetch more than $100 million. but that's less than these 10 paintings, the biggest art purchases by millions of Americans, have been sold.

In 2006, billionaire Ronald Lauder bought Gustav Klimt's Portrait of Adele Bloch-Bauer I for $135 million. Heritage Pictures/Getty Pictures © Courtesy of Forbes Ronald Lauder bought Gustav Klimt's Portrait of Adele Bloch-Bauer I for $135 million in 2006. Heritage Images/Getty Images

key events

According to CNN, Citadel 1 and 2 founder Ken Griffin paid $300 million for Willem de Kooning's "The Stock Exchange" in 2016, and he reportedly bought billionaire David Geffen's painting "Number 17A" by Jackson Pollock for $200 million . (Adjusting for inflation, the paintings would be worth $375.5 million and $250 million today, respectively.)

3. Griffin also reportedly bought "Orange Marilyn," one of Andy Warhol's portraits of Marilyn Monroe, in a private sale in 2017 for around $200 million, according to SI Newhouse Jr. of The Millionaire's Collection, according to the New York Times ( warhol). Today a portrait of Monroe would be worth around $242 million).

4, 5 and 6. Billionaire hedge fund Stephen Cohen bought Kooning's Woman III in a private sale in 2006 for $137.5 million, according to The New York Times , and also brought it home. Roy Lichtenstein's Masterpiece for $165 million in 2017 and Pablo Picasso's Le Rêve for $155 million in 2013, the paper reports (today the de Kooning is reported to be worth $242 million, the Lichtenstein nearly $200 million and the Picasso 213.7 million dollars).

7. Elaine Wynn, ex-wife of hotel magnate Steve Wynn, bought Francis Bacon's triptych Three Studies of Lucian Freud for $142.4 million in 2013, at the time the most expensive work of art ever sold at auction. New York Times (the triptych will be worth $171.9 million in 2022).

8. According to The New York Times , Cohen bought The Flag from Jasper Johns for $110.0 million in 2010 (about $163.6 million today).

9. Apollo Global Management founder Leon Black spent almost $120 million on one of Edvard Munch's "The Scream" cakes in 2012, which also set an auction record ($155 million today), according to the Wall Street Journal . .

10. In 2006, cosmetics mogul Ronald Lauder bought Gustav Klimt's portrait of Adele Bloch-Bauer I for Neue Galerie, the museum he founded in 2001, for $135 million, according to the New York Times ($154.8 million today) . ).

A gallery technician at Sotheby's auction house examines 'The Scream' by Edvard Munch April 12, 2012 in London, England. fake pictures © Forbes A gallery technician from Sotheby's auction house examines Edvard Munch's painting 'The Scream' April 12, 2012 in London, England. fake pictures "Orange Marilyn" exhibited at the Grand Hyatt Hong Kong in 2006. South China Morning Post via Getty Images © Forbes “Orange Marilyn” exhibited at the Grand Hyatt Hong Kong in 2006. South China Morning Post via Getty Images

tangential

Art dealer Larry Ghagasian bought a portrait of Monroe from the same series, Orange Marilyn, in May for $195 million, making it the most expensive work by an American artist ever to be sold at auction. Whether Gagosian purchased the iconic painting for himself or for one of his multimillionaire clients, who include many of the collectors on this list, has yet to be confirmed.

A visitor looks at 'Woman III' by Willem de Kooning during a media preview at Sotheby's April 1, 2009. AFP via Getty Images © Courtesy of Forbes . A visitor looks at 'Woman III' by Willem de Kooning during a preview at Sotheby's April 1, 2009. AFP via Getty Images A visitor stands in front of Roy Lichtenstein's masterpiece during a preview of the artist's 2013 retrospective at Tate Modern in London. fake pictures © Courtesy Forbes A visitor stands in front of Roy Lichtenstein's 'Masterpiece' during a press preview of the artist's 2013 retrospective at Tate Modern in London. fake pictures

key background

The auction house Christie's announced in August that it would sell the art collection of Allen, who died in 2018. Mysterious throughout his life, Allen's collection spans 500 years of art history and includes works by some of the world's most celebrated artists, including Sandro Botticelli, Vincent Van Gogh, Pablo Picasso, Georgia O'Keeffe and David Hockney. Works auctioned include Les Poseuses, Ensemble (small version) by Georges Seurat from 1888, valued at over $100 million and Gustav Klimt's The Birch Forest, valued at over $90 million. The collection will be auctioned for two nights in New York in November.

The Three Studies of Lucian Freud by Francis Bacon at Christie's auction in London in 2013. Corbis via Getty Images © Forbes Francis Bacon's Three Studies of Lucian Freud at Christie's London 2013 Corbis via Getty Images

A huge amount

$922.2 million. The record for the most valuable art collection ever auctioned was set in May when Manhattan real estate magnate Harry Macklowe and his ex-wife Linda sold the total number of artworks spanning six decades of marriage. At two auctions — $ 922.2 million. The two share the profit. The best-selling work in the collection "No. 7" fetched $82.5 million, making it the second highest price for a work by the artist at auction.

A visitor climbs the stairs to view Pablo Picasso's 1932 painting 'Le Rêve' before a 1955 exhibition in Germany. Image Alliance via Getty Images © Courtesy of Forbes . A visitor climbs the stairs to view Pablo Picasso's 1932 painting 'Le Rêve' before a 1955 exhibition in Germany. Image Alliance via Getty Images A Christie's employee poses with Jasper Johns' "flag" before the 2010 auction (an enlarged version bought privately by billionaire Stephen Cohen before the sale). PA Images via Getty Images © Forbes A Christie's employee poses with a Jasper Johns flag before an auction in 2010 (billionaire Stephen Cohen privately bought an earlier version before selling it). PA Images via Getty Images

Other Reading Materials

Microsoft co-founder Paul Allen's billion-dollar art collection is up for sale in possibly the largest art auction in history ( Forbes )

Real estate mogul Harry Macklowe and his ex-wife Linda's art collection grossed a record $922.2 million ( Forbes )

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