Thursday, May 13, 2010

Purple Craze for Warhol -- posted by Florda Fine Art Blog


Now its Sotheby's turn!  Warhol and two of my other favorite artists had a big night.  A record price for Richard Serra, Corner Prop, went for $1,986,500 and a great Mark Rothko piece from 1961 went for $28 million!  GL

Warhol had another big evening, particularly in the case of Self Portrait (1986), a nine-foot-tall painting of Warhol wearing his now-famous fright wig was the star lot. Tom Ford owned the impressive painting, which is from a series of five. At least five bidders chased it until the bidding slowed at around $25 million. The contest narrowed to three bidders until the work was hammered at $29 million ($32.6 million with premium) to a Sotheby's phone bidder. The pre sale estimate was $10–15 million.

A 1948 Jackson Pollock with a pre-sale estimate of $4–6 million sold in the room after several telephone bidders tried unsuccessfully to obtain the work; it sold for $7.75 hammer, or $8,762,500 with premium. A sublimely red 1961 Rothko was bid up to $15 million between several telephone bidders and a standing bidder. After a brisk back-and-forth, it was hammered down for $28 million, or $31,442,500.

Purple Craze for Warhol - The Market - News & Opinion - Art in America

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