Microsoft co-founder Paul Allen one of the richest men in the world must have a pretty good eye for investing in art.

Allen sold the above 1953 abstract painting by American abstract artist Barnett Newman at Sotheby s for $43.8 million on Tuesday, a whopping price tag that exceeded the $30 million to $40 million that The New York Times thought the massive 8.5 by 10 foot piece would fetch.

Last month, The Times noted that Newman s Onement V sold at auction for $22.4 million. In the latest auction for Onement VI, an anonymous bidder from Italy purchased the work of art.

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