Posts tagged ‘Contemporary art’

March 17, 2011

Andy Warhol Still Makes Bank in 2011

by Accidental Bear

I would love to see Andy’s coy facial expressions if he were alive as this transaction goes down. He would probably run out and buy a shopping cart full of tin foil to celebrate and take a polaroid of the bill of sales. (which would eventually sell for another million dollars)

ANDY LIVES ON!

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Andy Warhol‘s ‘200 One Dollar Bills’ Goes for $43.7 Million

Warhol

The money appears to be back in the contemporary art market:

“The price rose at breakneck speed as five collectors vied for the classic image, ‘200 One Dollar Bills.’ It ended up selling for $43.7 million (including fees to Sotheby’s), more than three times its high estimate of $12 million. The buyer, whom Sotheby’s refused to identify, bid by telephone through Bruno Vinciguerra, the company’s chief operating officer. Sotheby’s would also not identify the seller, although people familiar with the collection said it was Pauline Karpidas, a London-based collector. Just a year after the art market was in the doldrums with the world’s financial markets, buyers with deep pockets were not shy about stepping up for tried-and-true artists. The sale topped Sotheby’s expectations, totaling $134.4 million, well above its $67.9 million high estimate.”

Read more: http://www.towleroad.com/2009/11/andy-warhols-200-one-dollar-bills-goes-for-437-million.html#ixzz1GsQLDp3N