Wednesday, November 14, 2012

Auction of works from the Andy Warhol Foundation fetches over $17 million at Christie's New York

Art Daily Newsletter
A woman walks by a poster advertising an auction sale of works by US artist Andy Warhol at Christie's in New York. 

NEW YORK (AP).- 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 collected over $17 million Monday. The auction at Christie's featured 354 works by Warhol ranging from prints to photographs, some of which have not been seen by the public. Online auctions will begin in February. Leading the sale was "Endangered Species: San Francisco Silverspot," a print that fetched over $1.2 million, Christie's said. Other highlights included "Jackie," a screen print and paper collage of Jacqueline Kennedy that sold for over $626,000, more than double its high estimate of $300,000. Christie's said the auction saw a strong demand for unique photographs and prints with many exceeding high estimates, including "Self-Portrait in Fright Wig," estimated at $12,000 to $18,000, which sold for $50,000. The foundation said the money raised for its endowment from the sales would allow it to expand support of the visual arts, f ... More

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