Geekwire: Microsoft co-founder Allen sells art for $43.8 million

Geekwire: Microsoft co-founder Allen sells art for $43.8 million

Credit: via Wikipedia

Microsoft co-founder Paul Allen recently sold this painting, Onement VI, by Barnett Newman for $43.8 million.

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by JOHN COOK / Geekwire

KING5.com

Posted on May 15, 2013 at 10:35 AM

Updated Wednesday, May 15 at 10:36 AM

Microsoft co-founder Paul Allen — one of the richest men in the world — must have a pretty good eye for investing in art.

Allen sold the above 1953 abstract painting by American abstract artist Barnett Newman at Sotheby’s for $43.8 million on Tuesday, a whopping price tag that exceeded the $30 million to $40 million that The New York Times thought the massive 8.5 by 10 foot piece would fetch.

Last month, The Times noted that Newman’s “Onement V” sold at auction for $22.4 million. In the latest auction for “Onement VI,” an anonymous bidder from Italy purchased the work of art.

Read the full story on Geekwire.

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