Warhol sale fetches $17 million for charity
Tuesday 13 November 2012
The first in a series of live and online auctions to raise money for the Andy Warhol Foundation for the Visual Arts in New York has collected over $17 million (£10.7 million).
The auction at Christie's in New York featured works by Warhol ranging from prints to photographs, some of which have not been seen by the public.
The top sale was Endangered Species: San Francisco Silverspot, a print that fetched over $1.2 million.
Other highlights included Jackie, a screen print and paper collage of Jacqueline Kennedy that sold for over $626,0010. That's more than double its high estimate of $300,000.
The foundation said the money raised for its endowment from the sales would allow it to expand support of the visual arts, fulfilling Warhol's purpose in establishing it.
Joel Wachs, President of The Andy Warhol Foundation for the Visual Arts, stated: “This first sale has proved to be a fitting marker for the Foundation’s 25th anniversary year. The new level of global access to Andy Warhol’s work that this series of sales makes possible, along with the bolstering of our philanthropic base, makes this an important moment for the Foundation and indeed for the world of art.”
Yesterday's auction was the first of a number of phased sales by Christie’s of works from The Andy Warhol Foundation for the Visual Arts’ collection. Future sales in the series will include online auctions beginning in February 2013 and private sales conducted on an ongoing basis.
There’s revolution in the air, but one lady’s not for turningTV
Robin Thicke admits he didn't write 'Blurred Lines'music
Arts & Ents blogs
- 1 Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
- 2 Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
- 3 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 4 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Friends 20th anniversary: The highs and lows of the cast's careers since TV series ended in 2004
Downton Abbey series 5, episode 1, ITV, review: There’s revolution in the air, but one lady’s not for turning
Friends 20th anniversary: Six things we wouldn't have without influential comedy series
New Tricks: Dennis Waterman to leave drama after a decade of crime-solving
Free U2 album: How the most generous giveaway in music history turned PR disaster
Scottish independence referendum: A nation divided against itself
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'