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How—and Why—Paul Allen Built His Billion Dollar Art Collection

A glittering forest with a floor covered in leaves by Gustav Klimt. A country road painted with psychedelic purples, greens, and pinks by David Hockney. A tangle of loping lines against a gray background by Brice Marden.

Most of us have encountered art like this on the walls of a museum. As a matter of fact, these particular works have been shown at LACMA, the Guggenheim Bilbao, and the Serpentine in London. But after those shows closed, they were all packed up and sent back to the same owner. The owner’s name was Paul Allen.

Paul Allen is a bit of a legend in art collecting circles. Part of…

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