Microsoft Billionaire Paul Allen Reportedly Sold This Painting For $56.2 Million
Bloomberg report s.
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.