Auction of art from Microsoft co-founder Paul Allen’s estate could raise £842m

Microsoft co-founder Paul G Allen (John Froschauer/AP)

Some 150 artworks from the collection of Microsoft co-founder Paul Allen will be auctioned at Christie’s in New York this autumn and are expected to bring in more than one billion dollars (£842 million) in total, Christie’s and Mr Allen’s estate said.

The works to be auctioned span 500 years of art history from Old Masters to the giants of modern art, Christie’s said, adding that all proceeds will go to philanthropy.