Microsoft Billionaire Paul Allen Reportedly Sold This Painting For $56.2 Million
The piece was "Untitled (Red, Blue, Orange)," completed by modern artist Mark Rothko in 1955. Rothko works are extremely valuable - a similar painting sold for $66.2 million at Christie's earlier this month.
Allen bought the work for $34.2 million in 2007, and he was guaranteed an undisclosed minimum amount regardless of how much it sold for this week.
The $56.2 million Allen's painting fetched made up for 43% of total sales for the night's auction, which also featured pieces by Andy Warhol and Jean-Michel Basquiat. The night's $132 million total was the auction house's highest tally since November 2010.
According to Bloomberg, many stylish young people were in attendance, including Leonardo DiCaprio and Christie's contemporary art specialist Loic Gouzer.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market