Collecting
Auction of Paul Allen’s Collection Will Test Billionaires’ Buying Power
We’re about to find out how many of the world’s richest people are liquid enough to spend $100 million for a painting.
The first gut-punch of a painting at Christie’s Paul Allen evening sale arrives via lot 6—an exquisite pointillist seascape by Paul Signac, which carries an estimate of $28 million to $35 million.
Two lots later, that Signac might begin to feel positively affordable.