Yahoo Finance Elton John's Farewell Symphony: Christie's Auction Promises Dazzling Spectacle Worth Over $10 Million
As music legend Sir Elton John bids goodbye to his Peachtree Road home in Atlanta, Christie's is preparing a series of landmark sales from the iconic singer's collection.
Christie's New York will hold eight separate sales featuring around 900 lots with an estimated value of more than $10 million.
Christie's Rockefeller Center Galleries will transform into a series of immersive spaces, offering a dynamic view into John's world. The collection includes works of art, objects and memorabilia from the six-time Grammy winner's home on Peachtree Road. The exhibition is free and open to the public from 11 am. to 5 p.m. Feb. 9-21 at Christie's 20 Rockefeller Plaza in New York City.
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Artists represented include Andy Warhol, Helmut Newton, Robert Mapplethorpe, Peter Beard, Herb Ritts and Richard Avedon. Also included is a portrait of John by Julian Schnabel estimated to be worth $200,000 to $300,000.
The sale also includes fashion pieces from the iconic performer's eclectic stage wardroom, including an ivory and gold ensemble designed in 1971 by Annie Reavey that has an estimated value of $8,000 to $12,000.
"This extraordinary collection not only showcases a diverse array of remarkable objects that encapsulate Elton's unique life, work and art but also provides our clients with a glimpse into the profound impact that the city of Atlanta had on him," Christie's Americas Deputy Chairman Tash Perrin said. "We take immense pride in presenting this multicategory sale, featuring a refined assortment of photographs, artworks, fashion and costumes — a testament to a man's eclectic vision, artistry and impeccable taste."
Atlanta was the hub John returned to throughout his U.S. tours. He acquired the condominium in Park Place on Peachtree Road in 1992. After becoming sober in 1990, he found support in the community and the city's recovery facilities, such as the Triangle Club, which played a crucial role in his recovery. John and his husband, David Furnish, sold the home last year for $7.2 million.
"I've lived here for 30 years, and I've loved every single minute," John told the crowd during his final Georgia performance in September. "So I will take you with me in my heart, in my soul, and I'll never forget you."
If you can't afford the high prices John's collection commands, you still have options to invest in art. Masterworks allows investors to purchase fractional shares of multimillion-dollar blue-chip artworks.
The company has sold 20 paintings from a range of artists returning more than $51 million to its investors. For example, an artwork by British painter Cecily Brown with an initial offering price of $1.27 million sold for $2.1 million after 259 days. The net profit from a $10,000 investment was $5,000.
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