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.
Geoffrey Macnab reviews American Hustle, also starring Christian Bale and Bradley Cooper
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
newsFormer soldier taped 33 of the animals to the floor and then stamped on them one by one
Michelle Nijhuis' daughter insists (s)he is, and she learnt a valuable lesson on gender in books
news Opponents claim it would stop performers such as Beyonce and Madonna appearing on TV
It takes a platoon of chefs, litres of brandy and rum, and almost 100kg of dried fruit
newsThat most ancient of crimes is on the rise, threatening farmers' livelihoods, community trust – and human health
food + drink
sportIf you thought the London Olympics and Wiggins' Tour glory made last year best, don't forget Murray's Wimbledon win and Farah's double
Arts & Ents blogs
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
PM denies two child limit for benefits is part of Tory welfare policy
Anachronistic and iniquitous, grammar schools are a blot on the British education system
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Iain Duncan Smith leaves Commons food banks debate early
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
- < Previous
- Next >