Microsoft’s billionaire co-founder has an art collection worth as much as $750 million — see the painting he just sold for a cool $35 million

Web approx 30 x 20 cm ABHK18 Galleries Levy Gorvy PR 20180327__R5A4024_preview

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  • Art Basel Hong Kong is the premier art fair in Asia for millionaire and billionaire collectors to buy and sell art.
  • China is now the second biggest art market in the world, after the United States.
  • Art Basel Hong Kong kicked off this year with one of its biggest sales yet thanks to Microsoft co-founder and art world powerhouse Paul Allen.
  • Allen sold an abstract painting by William de Kooning for $ 35 million to a very private collector.

Every few months, the world’s biggest art collectors  — i.e. the world’s mega-rich — meet at Art Basel to trade millions of dollars worth of paintings, sculptures, and installations.

This year’s Hong Kong fair kicked off Tuesday with a sale of incredible magnitude: Microsoft co-founder and US-based billionaire Paul Allen sold Willem de Kooning’s abstract painting Untitled XII, 1975 for $ 35 million to a private collector. 

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of and Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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