Friday, May 14, 2010

Record Breaking Auction Results for Warhol

This week at Sotheby’s in New York, Andy Warhol continued his trend of record-breaking sales at auction. Warhol’s purple-on-black Self Portrait sold for $32.6 million, twice its initial estimate. Sold by fashion icon, Tom Ford, this nine-foot piece, is one of only five from the 1986 series of self portraits. Blue-chip works by Warhol continually exceed expectations at auction. Results such as these, prove that Andy Warhol’s work has been unaffected by recent market volatility.

Guy Hepner
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