Crosscut Now
Nov. 16, 2022 - $1.6B sale of Paul Allen’s art collection
11/16/2022 | 1m 15sVideo has Closed Captions
The $1.6B sale of Paul Allen’s art collection looms over Seattle.
An empty Cinerama and a missing sculpture: What will happen to the late Microsoft billionaire’s legacy of art philanthropy?
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Crosscut Now is a local public television program presented by Cascade PBS
Crosscut Now
Nov. 16, 2022 - $1.6B sale of Paul Allen’s art collection
11/16/2022 | 1m 15sVideo has Closed Captions
An empty Cinerama and a missing sculpture: What will happen to the late Microsoft billionaire’s legacy of art philanthropy?
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorship(reverent music) - I'm Jay Martin, Jr., in the Crosscut KCTS 9 newsroom.
The sale of Paul Allen's art collection, which brought in more than $1 billion on its first day, looms over Seattle.
Many are wondering what will happen to the late Microsoft billionaire's legacy of art philanthropy.
Per Allen's wishes, the proceeds of the record-setting sale will be donated to charity.
For now, his estate is keeping any information on precisely where the money will end up tightly under wraps.
In Seattle, many are asking if his support of local arts will continue.
Allen was a major Seattle arts supporter, giving hundreds of thousands of dollars to Pacific Northwest art nonprofits every year.
He also saved the landmark Cinerama movie theater and opened several museums.
A number of Allen's ventures have gone dark in the past few years.
In 2019, donations from his foundation to local arts groups decreased by nearly 80%.
I'm Jay Martin, Jr. Find nonprofit Northwest news every day on crosscut.com.
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Crosscut Now is a local public television program presented by Cascade PBS