Warhol self-portrait sells for 32.5 million dollars
Friday 14 May 2010
A late self-portrait by "pope of pop" Andy Warhol sold for a record 32.5 million dollars at Sotheby's in New York on Wednesday, underlining the return of big spenders to the international art market.
The stark 1986 image of Warhol's famous face and unkempt hair was estimated to sell at between 10-15 million at the contemporary art auction.
The huge final sale value was in line with the strong demand for Warhols shown at the spring contemporary art auction at rival Christie's in Manhattan on Tuesday.
The Sotheby's sale was the highest price paid for a self-portrait by the iconoclastic artist, who died a year after the work was completed.
According to the auctions giant, this final self-portrait by Warhol captures his "attitude toward presenting his outer self, tempting us with the thought that he might finally let us glimpse his most intimate inner self."
Ninety-four percent of lots at Sotheby's found buyers, totaling just under 190 million dollars in sales, following a healthy performance for contemporary art at Christie's the previous day.
Another big seller at Sotheby's was Mark Rothko's untitled abstract canvas dominated by the color red, which sold for 31.4 million dollars, up from pre-sale estimates of 18-25 million dollars.
A portrait of a saxophonist by Jean-Michel Basquiat - "Untitled (Stardust)" - sold for a whopping 7.25 million dollars, compared to the 1.8-2.5 million dollar estimate.
Another Warhol, "Flowers," sold for 7.6 million dollars, beating the estimate of five to seven million dollars.
Jackson Pollock's "Number 12A, 1948: Yellow, Gray, Black," sold for 8.8 million dollars, double the low end of the four-six million-dollar estimate.
The painting was featured in a famous 1949 Life magazine article titled "Jackson Pollock: Is he the greatest living painter in the United States?"
Last week at Christie's, a 1932 painting by Pablo Picasso, "Nude, Green Leaves and Bust," set the world record for an art auction at 106.5 million dollars.
This snapped the record set just in February in London of 104.3 million dollars for Alberto Giacometti's "Walking Man I" sculpture and confirmed a return of the bulls to a luxury market laid low by the 2008 global financial crisis.
Game of Thrones
Arts & Ents blogs
- 1 If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
- 2 Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
- 3 Make your voice heard: Sign The Independent's petition to welcome refugees
- 4 Refugee crisis: Aylan's life was full of fear - in death, he is part of 'humanity washed ashore'
- 5 German police forced to ask public to stop bringing donations for refugees arriving by train
Hey Arnold! is coming back, and possibly Rugrats too
First Look at Bryan Cranston transformed into LBJ for HBO’s ‘All the Way’ film
The real reason Eddie Redmayne was cast as a trans woman in The Danish Girl
Photographer captures the beauty and intensity of his girlfriend giving birth at home
Prog rock finally comes of age with launch of the first Official Progressive Chart
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Britain to take more refugees as Cameron bows to pressure after more than 100,000 back our campaign
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up